New data shows that the blockchain and cryptocurrency industries are male-dominated, severely underrepresenting women in the workforce.
A LongHash report published on December 11, 2018, analyzed the most recent 100 blockchain startups and found that the industry employs significantly more men than women, showing a growing gender divide in the emerging companies. But, is this a result of a conscious plan to push women out of the industry or a more complex case of supply and demand?
LongHash Finds Women Are Underrepresented in Blockchain
Looking to highlight the long-debated issue of gender divide in the industry, LongHash, a blockchain data and media company, published a report analyzing the most recent 100 blockchain startups and their employees.
The report considered the top 100 blockchain startups that the ICO tracking website, ICO Rating, listed as “upcoming” and tracked the overall gender balance of their teams, the number of women the companies employed at the executive level, and the number of women that served on the companies’ advisory boards.
According to LongHash, out of the 1,062 listed team members, 14.5 percent of them were women. The report also found that 7 percent of the blockchain startup executives were women, and for advisors, that number was 8 percent.
However, women were least represented in the top management category, as 78 of the 100 startups listed had no female executives. Only one startup from the list had more than one woman in an executive role.
The report went on to point out that while tech, in general, is largely a male-dominated field, big tech companies in Silicon Valley all have a workforce that’s at least 25 percent women. Almost 29 percent of employees at small tech startups were female,