What’s all the hype about cryptocurrency, Bitcoin, and blockchain technology? Cryptocurrencies like Bitcoin are digital money that’s decentralized (no banks needed!), and that offers the potential for secure – and transparent - online transactions.It’s the encryption techniques behind blockchain technology that make digital currencies possible.
A blockchain is a public electronic record of every cryptocurrency transaction that’s ever occurred. Because these records can’t technically be modified, businesses are beginning to take notice of the enormous market potential of blockchain technology.
Deloitte has claimed that 10% of global GDP will be built on blockchain applicationsby 2025. Some of the exciting possibilities that exist with this new technology include:
Individuals and commercial entities alike are also getting involved with cryptocurrencies through Initial Coin Offerings. ICOs are much like IPOs (Initial Public Offerings), but company “shares” take the form of cryptocurrency tokens.
The value of cryptocurrencies like Bitcoin and Ether have grown as their potential expands. This makes them an ideal investment in many people’s eyes. Valued at just $0.07 in 2010 for example, Bitcoin currently (September 2017) trades at around $4,800 on the NYSE!
http://www.motherjones.com/kevin-drum/2015/04/bitcoin-women-problem/Cryptocurrency and blockchain tech world dominated by men.
The cryptocurrency space suffers from significant diversity issues. In fact, there are even fewer female entrepreneurs in the Bitcoin industry than there are in other tech sectors. Meanwhile, surveys indicate that more than 90% of Bitcoin users are male.
According to The Cointelegraph, only 1.76% of the Bitcoin community are women.
Why such glaring gender disparity? Several factors are responsible:
So, as I myself have just briefly skimmed the surface of the potential of this new technology, it’s critical to ask what can be done to get more women involved in blockchain technology and reverse what is yet another massive gender divide?
According to an article depicting the prevalence of sexism in the Bitcoin world, “If you are a woman involved with Bitcoin, you are invariably going to get treated like an outsider.” This is even more reason to change this while it’s still fresh.
This shouldn’t scare women away from the crypto currency world, but rather aggressively influence and motivate more women to get involved.
https://cointelegraph.com/news/its-a-mans-world-only-176-of-bitcoin-community-are-women
Only 1.76% of Bitcoin Community Are Women
For those deep into cryptocurrencies and blockchain technology, the early adopters, the success of Bitcoin hinges on mainstream adoption. That means getting more women onboard. Opportunities exist for women to earn more income and impact the global economy - through Bitcoin trading, investments, and virtual spending.
Tech-savvy female entrepreneurs are also looking to ICOs to fund their startupsrather than relying solely on venture capital investment; yet another financial sector that is still dominated by men.Women have significant power as consumers, and are quickly outpacing men as entrepreneurs. However, tech knowledge and talent needs to be encouraged through:
While a handful of talented females are already impacting the Bitcoin and blockchain tech sector, it’s vital that more women take part in this disruption.
I highly encourage women to simply start talking to people who are immersed into cryptocurrencies and blockchain tech, attend some meetups, get into the conversations in person and online, listen to influencers in the industry via podcasts, read about it, educate yourself and get involved by experimenting with cryptocurrencies.
Don’t get left behind, you just have to....continue reading:
A blockchain is a public electronic record of every cryptocurrency transaction that’s ever occurred. Because these records can’t technically be modified, businesses are beginning to take notice of the enormous market potential of blockchain technology.
Where are Cryptocurrencies Headed?
Deloitte has claimed that 10% of global GDP will be built on blockchain applicationsby 2025. Some of the exciting possibilities that exist with this new technology include:
- Using cryptocurrency to power the Internet of Things (think consumer devices like vehicles and washing machines buying their own oil or milk).
- Using software in the form of “smart contracts” to store, verify, and execute retail or ecommerce agreements (terms and events are recorded in secure blockchain databases).
- Combining blockchain technology with crowdfunding to improve the accountability of businesses seeking capital.
- More uses for blockchain tech listed here.
Individuals and commercial entities alike are also getting involved with cryptocurrencies through Initial Coin Offerings. ICOs are much like IPOs (Initial Public Offerings), but company “shares” take the form of cryptocurrency tokens.
The value of cryptocurrencies like Bitcoin and Ether have grown as their potential expands. This makes them an ideal investment in many people’s eyes. Valued at just $0.07 in 2010 for example, Bitcoin currently (September 2017) trades at around $4,800 on the NYSE!
Why is the Cryptocurrency Space Dominated by Men?
http://www.motherjones.com/kevin-drum/2015/04/bitcoin-women-problem/Cryptocurrency and blockchain tech world dominated by men.
The cryptocurrency space suffers from significant diversity issues. In fact, there are even fewer female entrepreneurs in the Bitcoin industry than there are in other tech sectors. Meanwhile, surveys indicate that more than 90% of Bitcoin users are male.
According to The Cointelegraph, only 1.76% of the Bitcoin community are women.
Why such glaring gender disparity? Several factors are responsible:
- The well-documented gender gap inside the tech industry itself.
- The under-representation of females in the financial industry in general.
- The theory that women are more risk-averse than men when it comes to dealing with money.
So, as I myself have just briefly skimmed the surface of the potential of this new technology, it’s critical to ask what can be done to get more women involved in blockchain technology and reverse what is yet another massive gender divide?
According to an article depicting the prevalence of sexism in the Bitcoin world, “If you are a woman involved with Bitcoin, you are invariably going to get treated like an outsider.” This is even more reason to change this while it’s still fresh.
This shouldn’t scare women away from the crypto currency world, but rather aggressively influence and motivate more women to get involved.
https://cointelegraph.com/news/its-a-mans-world-only-176-of-bitcoin-community-are-women
Only 1.76% of Bitcoin Community Are Women
For those deep into cryptocurrencies and blockchain technology, the early adopters, the success of Bitcoin hinges on mainstream adoption. That means getting more women onboard. Opportunities exist for women to earn more income and impact the global economy - through Bitcoin trading, investments, and virtual spending.
Tech-savvy female entrepreneurs are also looking to ICOs to fund their startupsrather than relying solely on venture capital investment; yet another financial sector that is still dominated by men.Women have significant power as consumers, and are quickly outpacing men as entrepreneurs. However, tech knowledge and talent needs to be encouraged through:
- Education
- Mentoring
- Internships
- Advocacy
- Publicity
- Importance of diversity in hiring talent
While a handful of talented females are already impacting the Bitcoin and blockchain tech sector, it’s vital that more women take part in this disruption.
I highly encourage women to simply start talking to people who are immersed into cryptocurrencies and blockchain tech, attend some meetups, get into the conversations in person and online, listen to influencers in the industry via podcasts, read about it, educate yourself and get involved by experimenting with cryptocurrencies.
Don’t get left behind, you just have to....continue reading:
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Francisco Gimeno - BC Analyst I support this. Blockchain as an empowerment tool should be used by women for empowerment. And also by all those traditionally disempowered around the world. Let's work together!