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

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