How Blockchain and Web3.0 Enables Women’s Empowerment in Developing Nations

How far are nations in Women's Empowerment through blockchain and Web 3.0?

The next version of the internet, known as Web 3.0-also known as the decentralized web or the semantic web-is anticipated to be more intelligent, interconnected, and decentralized.

The decentralized web and non-fungible tokens (NFTs) have grown in the digital world by making a lot of noise in the market and providing cutting-edge solutions for a variety of industries, including finance, healthcare, education, and entertainment. Statistics show that the Web 3.0 blockchain technology market will be worth more than $6 trillion in 2023 and will increase at a CAGR of 44.6% from 2023 to 2030. But how far are nations in Women Empowerment through Blockchain and Web 3.0?

Diversity and inclusion in the sector are becoming increasingly important, and initiatives are being taken to attract more women to engage in web 3.0. The relevance of Web3 and NFTs in the modern world and the role of women in achieving success are significant issues that spring to mind. The Web3 sector has historically been dominated by men, with women notably underrepresented in positions of leadership.

Only 13% of Web3 forming teams, and 7% of its founders, are female, claims a study. However, only 27% of the employees at the top Web3 startups are women, and only 12% of them have technical positions. Notwithstanding the gender imbalance, women working in the blockchain industry are advocating for a more significant and positive change.

Women business owners have quickly adapted to the cutting-edge technology powering Web3 and NFTs, taking advantage of the opportunity this sector offers to develop cutting-edge solutions and new business models.

Blockchain technology is used by several female-founded businesses to address issues including supply chain management, identity verification, and financial inclusion.

It is crucial to promote and support women's participation as this industry develops and grows, as well as to be truly inclusive to establish a fair and supportive workplace. We can anticipate continuing growth in this market through 2023 and beyond as more companies and people adopt this technology, with women carving out a niche for themselves and promoting the expansion of this industry.