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23 April 2021

WEF report suggests women underrepresented in blockchain, points to solutions

WEF report suggests women underrepresented in blockchain, points to solutions


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The COVID-19 pandemic has impacted people across the world, yet a new report from the World Economic Forum suggests that women have been one of the hardest hit gender groups. .

Specifically, the report notes that as the COVID-19 pandemic continues, the gender gap between men and women across various professional sectors will now take 135.6 years to close, rather than the previously expected 99.5 years.

As such, Ratcheva noted that while it’s apparent women remain a minority within the blockchain sector, there does appear to be a higher level of female participation compared to other fields:.

The report notes that the health emergency and the related economic downturn have impacted women more severely than men, further reopening gaps that could have been closed sooner.

For instance, the report found that women are now losing jobs at higher rates than men, citing findings from the International Labour Organization that show 5% of women have lost jobs compared with 3.9% of males since the pandemic began.

Ratcheva also remarked that it’s positive to see that governments and businesses have found effective ways to ensure equity and meritocracy in employment, noting that the majority of economic data shows women are gaining educational qualifications at the same rate as men

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