Diversity in Blockchain Inc. Report: Industry Lacks Inclusion

Asia Blockchain Review
January 6, 2020

A report published by the Diversity in Blockchain Inc. (DiB), a non-profit organization, revealed that women are underrepresented in blockchain, similar to other segments of the tech industry.

Women Underrepresented in Blockchain and Crypto Industry

According to Forbes, women are severely underrepresented in the blockchain and crypto industry. The State of Diversity and Inclusion in Blockchain report from the DiB confirmed that while blockchain has characteristics of decentralization that can be inclusive to people from different backgrounds, among the 378 crypto and blockchain firms backed by venture capitalists from 2012 to 2018, just one company had an all-female founding team, while only 31 had male and female founders.

According to Michelle Ann Gitlitz, Global Head of Blockchain & Digital Assets for Crowell & Moring LLP, the report pointed out that the blockchain and crypto industry should focus on initiatives to raise the number of women in the industry.

“This inaugural report is significant because it highlights certain improvements the industry can make and identifies steps that can be taken to ensure increased representation of women and diverse talent in the industry,” said Gitlitz.

The Right Time to Welcome Women to Blockchain

Meanwhile, Joshua Ashley Klayman of Linklaters LLP said that with new blockchain projects entering the scene, this is the time that more women should enter the industry. 

“This is a critical time for diversity to be front of mind – because we are shaping the future of technology right now,” she said.

Susan Joseph, Executive Director of DiB also agreed that the blockchain and crypto industry needs a change.

“Change won’t happen unless others recognize the importance of inclusion,” said Joseph. “This is the first of what will be an annual report. If you can measure something, you have the ability to change it.”

Source: https://www.forbes.com


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    A Contextual Review of JP Morgan’s Blockchain Report (Part 3 of 3)
    In this third and final chapter of our three-part series review of JP Morgan’s report, Asia Blockcha...

    April 1, 2020

    Democratizing the World with Blockchain
    Blockchain may prove to be the missing piece in the noble agenda of reverting political power to the...

    March 31, 2020

    Food Traceability Through Blockchain: Harumanis Mangoes
    ABR is going to explore deeper into the traceability of the food industry through Blockchain technol...

    March 25, 2020

    To Quarantine or Not to Quarantine: The GPS Mobile Solution
    Indeed mobile GPS tracking has proven itself to be the prime technological tool for humanity in our ...

    March 19, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us