How Blockchain Technology Can Disrupt the Issue of Gender Inequality
by Analytics Insight
March 26, 2022
It’s time to throw away the gender inequality card with blockchain technology in 2022
Blockchain technology has the power to change the world. It facilitates peer-to-peer transactions without going through an intermediary. Blockchain has the power to make the world fairer and more open. Using blockchain to create a more accessible and open financial system can thus empower women, especially those who are excluded or underserved.
Gender inequality has been one of the most persistent problems in the world since ancient times. Women’s struggle for equal rights has had a dramatic impact due to advances in technology. The reality is that women are disproportionately excluded from the existing financial system. Empowering women with greater financial inclusion is a good thing. Women’s economic participation is essential to global growth. Blockchain technology is creating new ways and offering new on- and off-ramps to new ideas to make financial services accessible to women.
Correcting gender bias with Blockchain:
Blockchain can tackle inequalities, whether gender, economic, class, caste or political. This technology provides a new form of data-driven technology that enables the implementation of social compliance in organizations.
Gender inequality is very closely linked to financial independence. So many women depend on men financially. This could be a very dangerous situation as it gives the abuser incredible power over his victim. Blockchain technology eliminates, or at least drastically reduces, financial abuse and helps women break free with their credit and economic future intact. There are several campaigns to use blockchain to further promote Blockchain for Social Impact, such as the Decade Of Women campaign.
Blockchain Technology is a new operating system that not only guarantees safe and secure data exchanges, but also transparent and traceable procedures and decisions. And also the gender bias will be traced and therefore resolved. Blockchain solutions could offer more advanced identification and financial services to women.
Blockchain for Gender Equality:
Seven companies show how blockchain technology solutions to gender equality. During the event, vendors showcased ways their blockchain solutions could offer more advanced identification and financial services to women.
So many organizations are creating networks and platforms to elevate and promote narratives around women and gender equality in the blockchain industry. They are developing ways in which blockchain can help women participate in the economy, reduce the gender gaps that exist in the labor market, and increase female participation rates.
Blockchain plays a supportive role in gender equality. One of the co-founders of Women on the Block, an organization created by blockchain enthusiasts to promote female empowerment to ensure diversity and inclusion in technology. Women are raised, educated, and encouraged to get involved in the emerging and disruptive blockchain industry. Their events are designed to highlight and recognize the contributions and innovations of women leaders around the world.
Blockchain for women empowerment:
Blockchain can be used to empower women. The impact of blockchain technology on women has been explored and will increase as its adoption increases. The reach of the technology is wider than just powering cryptocurrencies.
Blockchain enables peer-to-peer transactions without eliminating intermediaries and bank accounts can access services. Wallets used for cryptocurrency transfer can be downloaded and operated for free, which will help more women from all walks of life.
Women are currently underrepresented in the blockchain space. Many opportunities can be used for women empowerment blockchain. It is easy for women to learn about blockchain through the information available on the internet. Additionally, many blockchains use open code that women can learn and help develop. Therefore, women can have successful careers without gender inequalities, which can improve their lives through blockchain technology.
Share this article
Do the sharing
About the Author
More info about the author