If we are to democratize financing, we must start with practical measures. As women in the industry, what can we do to expand our reach to end users or entrepreneurs who want to be the last to use this technology? How can we improve our talent search to reach universities and regions that we don’t usually look for?
In comparison, there are relatively few women and people of color in the top management of blockchain companies or in organizations that lead the way to the blockchain. According to a Deloitte report, men continue to dominate the global fintech founders community, with women representing only 7% of the group’s total. Women are 45% ahead of men in technology.
What can blockchain companies and individuals do to diversify their talent pool?
Make it accessible to women, girls, and marginalized groups to learn about the blockchain.
Develop hiring processes that take into account everyone’s subconscious biases – the blind trick, multiple interview panels, and evaluation forms.
The ad works on billboards targeting different groups.
Make women and people of color more visible in all media – webinars, articles, tweets, etc. E. Have the woman participate in the discussion, not a token moderator, as it often happens.
Set clear goals for women and people of different leadership colors. Cryptocurrency companies are small and have little room for growth, which is why many women are looking for growth opportunities elsewhere.
Ensure the culture is inclusive to retain a diverse workforce. Do things like celebrate women on the blockchain on Women’s Day.
Give them equal pay for an equal experience. Consider paying for a post the same as in the UK.
Take diversity seriously from the start – it’s much easier to start when you have five employees than to retrospectively change a company of 300 employees without diversity.
Measurement and publication of variance calculations.
Be an ally, mentor or sponsor inside and outside your company.
There are many gorgeous women in the blockchain room. Here are some examples of leaders actively working to increase the number of women participating in the blockchain space, which I admit is focused on America and there are great women in other regions that are not included:
Tessie Mehren, Co-founder of Liquality at ConsenSys and Women in Blockchain Foundation. WIB is a not-for-profit community with independently managed classes that collaborate under specific seasons between the seasons or with other organizations in Beirut, Egypt, Iran, Lagos, Nairobi, Manila and other places with talents not usually included.
Cliff Messidore, Chair of the National Network of Women of Color in Blockchain Politics and author of The Clevolution: My Quest for Justice in Politics & Crypto. She serves on the Board of Directors for the Value Technology Foundation. Mayor Muriel Bowser recently appointed the District Council for Innovation and Technology. She is the spokesperson for 2021 SXSW on technology diversification. Inside from Washington, she was Obama’s presidential candidate, a prominent member of Congress, and spearheaded national political campaigns.
Karen Xu is a co-founder of BlockchainIntel and is now expanding on BlockchainIntel’s mission to build trust in blockchains as part of Appdome as Head of Marketing. Xu is also the founder of Blockchain by Women, an organization dedicated to promoting diversity and educating about the latest developments in the industry. Blockchain by Women hosts a monthly webcast on blockchain and cryptocurrency topics including data-driven investments, central bank digital currencies, regulatory risks and liquidity in digital currencies and blockchain protocols.
Maggie Love is the co-founder and CEO of W3bCloud Business Development and the founder of SheFi. SheFi is a decentralized financial education program that is also a way to donate money to nonprofits that train women in STEM programs. The desire to narrow the financial knowledge gap and enable women to participate in decentralized finance led to the launch of the Love program. Women join groups as they learn about key DeFi projects and use cases, hear opinions and meet experts in the blockchain industry, and join a community of women from all backgrounds to learn and work together.
Vanessa Grillett is the Global Head of Strategic Partnerships, Alliances and Channels at ConsenSys. She helped found the Enterprise Ethereum Alliance, serves on the board of directors of the Blockchain Accounting Consortium, and is chair of the Blockchain Social Impact Alliance.