Technological advances are interesting in themselves. However, what matters most is how they are leveraged and the impact they can have on our world. This article is for all women out there, including those not in the crypto or blockchain space so I feel it is important, even briefly, to explain the concepts of cryptocurrency and blockchain.
Blockchain is a decentralized digital ledger that can accept data input from many users, but is essentially resilient to modifications to this data. The secure nature of this technology means that it is in great demand with countless applications across many industries around the world including the nature of cryptocurrency. These are types of digital or virtual currencies that are designed to act as a medium of exchange, just like traditional currencies such as euro or yen. Many of these cryptocurrencies, like Bitcoin and Ethereum for example, are decentralized networks based on blockchain technology that I touched on before.
Cryptocurrency can be confusing if not explained effectively and women can definitely change this! We have the natural ability to present information in a concise way that the public can understand and relate to. If a business has an amazing product but cannot market this to the public, the company will not succeed in selling that product. Similarly, for crypto to be widely adopted, it must first be understood across all demographics and this is something that women can apply. Crypto needs women’s community building skills as we are natural community builders and take pride in using communication and community to make an impact, especially on social media.
Comments like “You don’t have what it takes. You don’t belong. You’re not good enough.” may be what keeps you and many other women from exploring the financial sector, and more specifically, the hot new arena of cryptocurrency. The reality, however, is that the crypto industry needs more women and offers great potential for the future. Gender should not be the reason anyone hesitates to explore the world of digital currency, and such feelings will only continue to hamper progress in breaking down industry barriers for the benefit of women.
Although crypto has traditionally been dominated by men, some women have already been making waves in the industry and their efforts continue to break down the gender barriers that prevail in the industry. Without women, there is no balance. When people ask me, “Why do you think many women don’t crypto?”, I say, “Actually, yes – they don’t get the same level of exposure or recognition.” This is why most of my events always have a segment that aims to empower women and youth through blockchain.
“Women need to be recognized. The youth are the leaders of tomorrow ”. This is my advocacy.
Increasing diversity is not difficult. If we want to see women in power, let us help each other create wealth and relocate that wealth to help other women grow amazing businesses and profiles. The takeaway – bringing more women into blockchain and crypto will balance the gender ratio so desperately needed, allowing the industry we love to benefit from hard work done by both men and women . Wider perspectives contribute to better problem solving, why not? Gender balance in all industries is vital and must be our number one priority, but without fight and commitment to the cause, it will exclude us all.
My voice and my job empowers me to help eliminate the gender gap that will help us reach our true potential as a more inclusive industry, and a more inclusive society.
Written by Myrtle Ramos, Founder of Block Tides