Two New Women Added To Zug’s Crypto Valley Association (CVA) Board Of Directors
When considering the crypto sphere, we have the CEO and founders, the software engineers, the marketers and the CTOs and so on. Unfortunately, equality is one facet that is lacking in this industry, as many of the aforementioned roles are held by men. To prevent this from further escalating, Zug’s Crypto Valley Association (CVA) has supposedly onboarded two women into their board of directors.
CCN reported the news related to the government-backed association, and according to the Leeane Abapo Senn, the goal is to,
“elevate the dynamic women who have contributed to Crypto Valley and to create a stronger, more inclusive ecosystem.”
It seems like the sudden addition of path comes from several team members at the CVA who believe that the lack of women inclusion is a problem which has been making them uncomfortable, worse, worrisome. As per the report, the board of directors have always consisted of males, and noticing this, the association felt it was time to spice things up.
Communications team rep, Leeane Abapo Senn was cited on many instances where she gave her viewpoint along with actual changes that are starting to take place. In particular, she shared that women who desired to be part of the board of directors never had a clear direction as to how it would be done.
Today, not only have 43 women applied for a seat, but two have already been selected to officially take on their roles on the board right after a meeting scheduled to take place on Thursday, September 20.
Why is there male dominance to begin with?
A single point has been made to argue why men seem to be the face of the crypto industry. CCN noted that a Google Analytics survey revealed that males make up nearly 91 percent of the industry, while women make a measly 9 percent.
Illiana Oris Valiente, Managing Director at Accenture Canada was also quoted in which she shared her personal experiences. She emphasized on the fact that she was the only women in every meeting, which clearly depicts the disparity in sexes. While she has noticed a significant difference in today’s time, the gap still remains and filling it in, according to Valiente, is going to take a while.
But, why is this the case? Why aren’t women participating as much within the crypto sphere? Stockholm School of Economics Prof, Anna Dreber claims that it might have to do with the differences in mentality between the sexes. In particular, she was mentioned saying that men are more likely to take risks compared to woman. Another study revealed by Financial Times showed that in over 60 percent of cases, a random male was more likely to take a risk compared to a woman.
Research Director at Deloitte Canada’s tech sector, Duncan Stewart, strongly believes that “women will show up to the party [crypto industry],” adding that they might be “late, but they will show up.”
Are you hopeful that women will be taking on more roles within the crypto sphere? Is enough to conclude that risk factor is the only one that is preventing women from entering the market? Let us know in the comments below!