Some people wrongly believe that women still do not have the tools to manage their money, especially in low socioeconomic sectors. This implies a lack of economic independence, limiting them and making them vulnerable. With her knowledge in the crypto space, Kimberly Rosales explains why this isn’t true and why there is an opportunity to bridge gender equity with the new blockchain technology.

In the educational path towards decentralized finances, many women believe they can add awareness and independence that have not yet been financially educated and can give them the opportunity to own what they produce, dispose of their capital, and manage it as they see fit.

Blockchain technology was created to democratize and decentralize the financial system. Just as the internet influenced the democratization of information, blockchain allows those who make use of it to have full ownership of their assets.

“In the time I have been in the Blockchain ecosystem, I have had the opportunity to learn about many projects that are leveraged by this technology: from the most obvious applications such as the creation of cryptocurrency exchanges like Bitso, the largest in Latam, Maker DAO or the Argentinean Bitex, which do a lot to educate users about the importance and advantages of having cryptocurrencies,” says Rosales.

There is also Wibson, which works intensively on data privacy awareness, IOV Labs, which operates on the application layer of smart contracts on the Bitcoin (BTC) network and promotes the growth of projects while boosting the development of the crypto community worldwide.

Each of these companies is part of the Women in Blockchain group, which is organized in Buenos Aires to promote the technology and raise awareness of the importance of diversity in work teams and encourage female referents to participate in FinTech events. They also get the chance to participate in joint projects, in a collaborative way, to achieve better results.

Ultimately, the objective of the community is to educate and raise awareness about the good uses of blockchain and cryptocurrencies. The most advanced companies in the region already have implementations with it, but there are still efforts to promote its use in all sectors of society.

“Blockchain as a technology that contributes to gender equity,” Rosales points out. “From a more philanthropic side, this technology is already applied in projects to recognize the efforts of the volunteers of the Cambalache communal dining room. This program, promoted by the NGO BTC Argentina, was born with the aim of making transparent the donations of volunteer hours of people who come to the community kitchens to help in the preparation of food, for the maintenance of the infrastructure, among other needs.”

The initiative seeks to provide certainty about the donations of volunteer hours and to make visible, through the generation of value, the volunteer work that keeps these institutions standing. This project, which brings technological innovation to the internal processes of community kitchens, is the first of its kind in Argentina.

The main initiatives to position women in the crypto market are groups, such as Women in Blockchain, which seek to give greater visibility to women who are part of the ecosystem. There are such groups in Mendoza and Córdoba, in addition to the one in Buenos Aires.

In them, women share relevant information about the ecosystem in general, data, media articles, events about blockchain and technology. They ask for references about organizations and projects and promote any opportunity for professional growth.

In these groups, women seek to replicate the same collaborative spirit of the crypto industry in general. It’s a great space if you’re looking to grow: there’s a lot to do, and, in the community, they support serious and healthy projects, as well as curate “dubious” projects with the intention of keeping the crypto world clean of scams, bad press, and end-users from ever being harmed.

“Despite the fact that it is no longer common to hear about gender as a career path, I think it is important to work on the mentality within organizations, so that when these women are in the labor market, they have the same possibilities as men to access a position, that they are paid the same salary for the same work, and that the general public is more educated about the importance of diversity in work teams,” asserts Rosales.