The IT industry is slowly shifting its focus towards blockchain technology. The numerous use-cases of blockchain are making it easier for companies to enter the domain.
One of the questions that developers must answer is the scalability of blockchain-based solutions. Tiffany Madison, the founding partner at DecentraNet, a full-service blockchain advisory firm is helping the consultancy’s offerings and why the technology needs more guidance than ever. The female entrepreneur is at the forefront of a growing company in the blockchain space.
Gender equality gap
Blockchain technology space has the same gender equality gap as the overall tech industry. The male developers are at the forefront of blockchain adoption. The tech industry is evolving into a culture of inclusion. Madison says that highly conscientious individuals that strive to make include women are rapidly growing in the industry, which is further helping to bridge the gender equality gap.
How to get more women into Blockchain
New opportunities: Blockchain technology is at a very transitioning phase right now. There are new opportunities getting developed every single day. Most of the positions in this space were underrepresented with women. With a number of women entering STEP and tech-related fields, the industry continues to grow at a faster pace.
Offer a platform: The events are a public way of demonstrating support for inclusion and diversity. Organizing educational events around blockchain can help in helping female developers community to get started with Blockchain.
Cryptocurrency adoption: The interest in cryptocurrency has led to the evolution of Blockchain that we see today. According to Madison, 5 to 7% of all cryptocurrency users are women. If there is a way to focus the adoption of cryptocurrency first, more female developers will get started with Blockchain.
Blockchain has a niche opportunity to work and expand in the social impact projects. Madison’s company, DecentraNet has a mission statement: Leveraging Blockchain Technology to Solve the World’s Greatest Challenges. Madison said, “Our current focus is on healthcare, education, good governance, financial inclusion, and clean energy. After seven years in this space, we have a fantastic network of partners and advisors.”
The future of blockchain
Blockchain has application in almost every industry. The technology is evolving at a rate that nobody ever thought would be possible. The sectors that do not evolve along with the blockchain will be less capable of competing and eventually will suffer the market consequences. A competitive business with greater data security, lesser transaction fees, and greater transparency will not think twice before investing in the blockchain.
