85% of employees of recently launched blockchain startups are male


At this point, gender inequality in technology is well documented. Apparently, the blockchain industry is not absolutely different: there is an incredibly disproportionate amount of men employed by the next wave of cryptocurrency companies.

The recent analysis found that men included the vast majority of recent blockchain startups: only 14.5% of the team members are women, reports the blockchain data company LongHash.

Worse yet, women leaders are responsible for only seven percent of these newly established cryptocurrency societies. For consultants, the number is only a higher tick, which is approximately 8%.

More than 1,000 listed team members from 100 newly established blockchain companies were analyzed to determine their gender balance.

In addition to the general staff, there were 326 founders (including executives of "C-Grade") and 473 members of related advisory councils.

The data indicate that 85.5% of the labor force employed by these cryptocurrency-related startups is male and that 78% have not hired a single female executive.

Of the 100 companies analyzed, 37 did not employ any women, for any reason.

Even the new counseling roles are mostly without women, with 75 percent completely male. LongHash noted that if they removed two peripheral startups with large 25% female consultative committees, the overall account for women in these roles fell to less than 6%.

This news corroborates other results of the investigation relating to the cryptocurrency sector. The associated research published by Circle revealed that millenarian men were twice as likely to invest in digital goods as their female counterparts.

At the start of this year, data collected by eToro revealed that not even 9% of cryptocurrency users are female. Not to mention, an equally small percentage of social media engagements sent to the interior cryptocurrency community they come from women.

In an attempt to bridge its extreme gender imbalance, the Swiss Crypto-Valley Association has in effect imposed the inclusion of two new members of the board of directors, even if it was to increase the board from five members to seven. .

It is unknown if this new wave of blockchain businesses will feel inspired to do the same thing now that the cat is out of the bag. At this rate, it certainly does not look good.

Published on December 11th 2018 at 17:10 UTC

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