WEF report suggests women underrepresented in blockchain, points to solutions

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.

WEF’s “Global Gender Gap Report 2021 found that the pandemic has pushed back gender parity by an entire generation. 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.

Gender parity within fast growth professions

Vesselina Ratcheva, new economy and society lead for the World Economic Forum, told Cointelegraph that the “Global Gender Gap Report” is now in its 15th year of benchmarking the evolution of gender-based gaps in four areas: economic participation and opportunity; educational attainment; health and survival; and political empowerment.

Ratcheva further noted that the report focuses on gender parity within fast-growth professions — such as cloud computing, engineering, artificial intelligence, content production, people and culture, etc. — along with the types of skills needed for each. “Among the eight distinctive job clusters the report focuses on, only people and culture and content production are currently at gender parity,” said Ratcheva.

While blockchain and crypto are not specifically mentioned in the report, Ratcheva explained that sectors such as cloud computing, data, artificial intelligence, engineering and product development are likely to strongly represent both blockchain and digital asset professions. 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:

“Between these sectors, female representation is on average 29%, which can serve as an optimistic estimate of the level of female representation in blockchain and crypto, but coordinated…

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