Along with the many accolades, the crypto space has gotten some bad rep too in its over a decade of existence so far. While most of this ‘bad rep’ is rooted in unfounded, prejudiced beliefs held by traditionalists, some of it is unfortunately true: such as the “bro-culture”creating an exclusionary space for women in blockchain and crypto. This sparks a need for a conversation on gender equality in crypto.
When you try to name the top women in crypto, we bet you can’t come up with some names without racking your brain and maybe asking Google for help. This gender equity problem has persisted for quite some time, and we need to take active steps to promote crypto for women. In this article, we discuss three ideas to promote gender equity for women in blockchain and crypto.
What is gender equity?
Gender equity points to a condition when you see both men and women being treated fairly as per their own respective needs. The treatment for both will be equivalent as far as the rights, entitlements and opportunities being provided to both are concerned.
In the business world, equity also carries financial implications with it. In many companies, women command lesser compensations than their male counterparts, even till date. If we take a peek into the crypto industry, we find that similar to the traditional finance and fintech industries, women in blockchain and crypto continue to have a small representation. As of the first half of 2022, only 21% of the total owners of crypto and less than 5% of crypto related entrepreneurs were women.
3 ideas to promote gender equity in crypto
Have a look at some of the ways you can promote gender equity in a crypto space to make crypto for women a safe place:
1. Educate, Coach and Advise:
From a gender equity perspective, one should realize that everyone is not starting from the same place. Looking through the gender equity lens means to provide resources as per the kind of audience you’re dealing with. Suppose you are a women crypto investor who is too curious about knowing the nitty gritties of crypto. A startup that works on the principle of gender equity will happily host fun educational events in this case for audiences like you. It even will have training sessions for its female employees that specifically cater to their own unique sets of doubts.
This can even be tailored for men who are new to the industry and have worked in an absolutely different sector before. Such people need to be introduced to basics as well without any preconceived notions.
Further, only hiring more women in blockchain and crypto will not do the job; as a company in the crypto and blockchain space, you also need to evaluate their performance and give them feedback which is conveyed to them in an appropriate manner. Constructive coaching combined with supportive sessions like those given to the men at work is key.
2. Ensure inclusive behavior:
As a crypto-related enterprise, you need to strictly prohibit any behavior which is exclusionary in any way. Such behavior includes anything that has a tendency to put women down, hold them back from any advancement opportunity, unnecessarily disregard their work, prevent them from networking or growing their professional career, devaluing their opinions, or interrupting them while they are speaking.
Instead focus on the following aspects-
- Is the work being given “fair” as per the abilities?
- What tone is being used while conveying tasks and explaining topics?
- Are the policies welcoming and inclusive?
- Do the employee guidelines make members feel secure?
- Promotion to leadership positions as per merit; no tolerance towards gender bias
3. Creating an open culture
If you’re a woman who is into crypto trading and crypto investments, you should be allowed to freely talk on topics of crypto and personal finance, building of crypto portfolios and managing wealth with anyone. If you work in this field, a workplace functioning on principles of gender equity allows you to clarify doubts and seek advice freely.
Firms should adopt an empowering practice where as a woman you should feel at ease in your investing journey. Breaking gender barriers is not just about giving women more freedom to handle money, but about giving them the confidence and guidance to take the plunge into crypto trading and making sound crypto investments.
Conclusion:
Crypto trading and crypto investments are being talked about everywhere these days. However, it is important to know that unless women in blockchain and crypto step up to take charge, this industry would never measure up to its potential. If you are a woman, you should strive for taking up leadership positions and more importantly a conducive environment should be provided for this to happen. Only when the crypto industry becomes more receptive towards women and addresses their unique needs without biases can this happen.
Let’s bring about an era of gender equity where you don’t have to struggle to name the top women in crypto!
With the new era of widespread crypto trading and crypto investments now here, join us at Millionero to learn more and start building your crypto empire with us! Give our website a visit today!