The fourth day of the ongoing World Economic Forum (WEF) saw a major discussion around the role of women in Web3 and how the decentralized ecosystem is the place for inclusion.
Women invest in crypto at half the rate of men. Join us at # WEF22 to hear about solutions we can implement to make women at the forefront of this digital revolution. @KristinaLCorner @sarahendline @Billwrightv @nicolamen @srolondon https://t.co/jBbiauzSWi pic.twitter.com/xWlhqv5p5m
– The Female Quotient (@femalequotient) May 25, 2022
Cointelegraph Editor-in-Chief Kristina Lucrezia Cornèr moderated a panel on “Why Web3 Needs Women at the Forefront” joined by Meta VP Nicola Mendelsohn, Global Blockchain Business Council CEO Sandra Ro, Harvard Business School’s Sarah Endline and Bill Wright, Head, Government. Relationships at Splunk.
Speaking of female models on the web3 and crypto space, the panelists emphasized the contribution of key female representatives in the nascent space. Meta VP joked that Bitcoin creator Satoshi Nakamoto, who remains pseudo-anonymous to this day, could very well be a woman. She explained:
“I’ll give you one- Satoshi Nakamoto, I mean we all assume he’s a man, isn’t that our prejudice? It’s just a name, it could be a woman. ”
Cornèr added that she believes that the creator of Bitcoin (BTC) is a group of people that consists of males and females rather than an individual.
The panel also discussed the challenges women face today and things that could be done better and improved. GBBC CEO Sandra Rao highlighted the growing contribution of women in the unbreakable sign space and also raised concerns about the lack of it in the crypto business space. She explained:
“While NFT domain has seen a large proportion of female participants, but crypto business certainly concerns me due to the lack of female representation.”
She also stressed the need to create an “environment to host women’s representatives on the crypto business side.”
Related: WEF 2022: Lack of trust and clarity in discussions on carbon emissions and crypto
Bill Wright, head of Government Relations at Splunk and the only male panelist, believes that web3 and blockchain space are inclusive in nature. He said:
“I think web3 naturally aims to be an inclusive environment, and more diverse people involved would result in better results. Through research, it has been shown that various problem-focused groups will come up with a better solution.”
The panelists agreed that the decentralized world has seen a significant increase in female representatives over the years and hoped to see that proportion grow in the future.