Distributed ledger technology, also known as blockchain, has officially crept its way into the mainstream. Financial institutions, government sectors, global supply chains and so much more are beginning to see the true value behind this groundbreaking technology. With millions of dollars invested in blockchain startups and over 2,500 patients filed to the USPTO, it’s clear that blockchain has already taken the world by storm and shows no signs of slowing down any time soon… business is booming!
Like in many tech subcultures, workforce diversity is a challenge in blockchain. Currently, there are only 200 active women in the industry. In such a male-dominated industry, it’s important to draw attention to the women who have helped push this industry forward. In this blog post, Coin Cloud highlights four different women who have impacted the industry over the last 10 years.
Blythe Masters is a former executive at Chase. Masters is credited with building the bank’s commodities business into the largest on Wall Street. Upon leaving the bank in 2014, Masters saw a huge opportunity within the blockchain space, believing that the technology could be incredibly constructive for traditional financial services. Having worked in finance for such a large part of her career, Blythe saw how blockchain could solve a lot of the inefficiencies that plague the financial services industry. As a result, Blythe went on to launch Digital Asset Holdings, a financial technology company that builds products based on distributed ledger technology for regulated financial institutions, such as financial market infrastructure providers, CCPs, CSDs, exchanges, banks, custodians, and their market participants. To date, the company has raised 107.2 million in funding.
Prior to launching Clovyr, Amber Baldet worked in the financial industry for years. While at JP Morgan, she led the company’s Quorom software, built on Ethereum’s blockchain, that helps banks speed up their antiquated databases. Quorom’s usage of blockchain is unique in that it doesn’t utilize the Ether coin but instead bypasses the cryptocurrency and uses blockchain as a way to allow banks to conceal sensitive information.
Earlier this year, Baldet left JP Morgan to build Clovyr, a company that helps startups and established businesses to better use blockchain technology. Clovyr brings the flexibility and ease of use of modern application development to the blockchain domain.
Marie Wieck has been at IBM for more than 30 years. She started doing mainframe systems architecture, launched IBM’s MobileFirst business, and today is focused on driving open ecosystem growth for blockchain. Where most companies are looking to use blockchain as a tool to increase efficiency and/or security, Wieck and her team are using blockchain to develop new businesses and new models. She’s focused on things like asset back tokens, loyalty “points”, and stablecoins which can provide new sources of value.
Linda Pawczuk was recently appointed to lead Deloitte’s blockchain practice in the U.S., just a few months after being elevated to lead the company’s blockchain finance group. In her new position, Pawczuk will be in charge of advancing the company’s blockchain projects and creating new business models. Prior to her new position, Pawczuk ran the company’s insurance sector for blockchain projects.
In the past, big technology companies have repeatedly failed to hire women to executive positions or position them to take over important projects. But with blockchain, as we can see from this list above, some of the most important projects are being led by women. It’s safe to say, without women, blockchain wouldn’t be where it is today.
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Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.
Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the leading digital currency machine (DCM) operator. With over 4,500 locations nationwide, in 48 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell over 40 cryptocurrency options with cash.
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