Due to the pandemic, various businesses across the country are considering and some have actually shifted to remote working. The amount of people working from home across the globe has grown exponentially but with the vaccinations, most people are now back to their place of work. At the peak of this pandemic, at least 7 million people in the United States were already working remotely pre-outbreak. In 2020, according to SHRM’s COVID-19 business index, the number of people working from home grew to 64% of the total workforce in the country.
Today, the term work-life balance is mostly used in reference to weighing how people choose to spend their time. As remote working grows and becomes a reality in today’s society, finding the right work-life balance isn’t just something nice to have, it could be the difference between life and death. Workday integration has blurred our personal lives and working long hours contribute to various mental and physical conditions if left unnoticed.
Work-life balance isn’t about finding the right job but it is also about setting your boundaries and integrating wellness into our routines. Technology like cryptocurrency and blockchain has been peddled as the solution to solve our work issues and integrate a work-life model that can sustain financially in this digital era.
According to research conducted in 2019, 70% of the data professionals stated that blockchain technology has brought great work-life integration into their businesses and personal lives.
Here are some of the ways cryptocurrency and Blockchain have helped in creating a financially stable work-life integration model for organizations and people.
Blockchain-Based ID Authentication
New entrants with little to no experience find it difficult to enter into the professional world and are often required to submit their personal information to their employers, including all background checks, degrees, and certificates. On the other hand, employers do not have to share any details in return. Companies like Glassdoor or Payscale allow employees to anonymously review the company that they’ve worked at and share their experience by reviewing them as there is no way to ascertain the identities of the reviewers.
The Block-chain based technology can help remedy this situation by bringing unique private keys for both the employer and the employees so that the employees can authentically review companies while also staying anonymous.
This allows the new entrants to select companies with a greater work-life balance so that they are not exploited. Such a service also creates financial incentives for companies to treat their employees better and brings a work-life integrated model to attract the best candidates.
Restructuring and Reshaping Businesses Using Cryptography
Various economists and experts prophesize that blockchain technology could be one of the most significant achievements in record-keeping since the creation of accounting. As one of the most technologically-backed, incorruptible ledger of records and transactions, it has the potential to reshape and restructure how businesses are fun.
A cryptographic ledger with no ownership, publicly shared, continuously recoiled, distributed among thousands of nodes, blockchain does that without getting the records manipulated, corrupted, or virtually cyber attacked.
No intermediary is required to authenticate blockchain-based crypto transactions. With the state of the art cryptography, there can be globally distributed databases that can record the fact that a transaction has been made.
Women in blockchain
One of the most underrated and less talked about gender-oriented subjects is the field of technology. In the last 20 years, women have made more contributions than men, in almost all fields, especially the fields of the internet and technology. However, the same is not true in the current blockchain and cryptography space where they are most needed.
Forbes notes that of all people using cryptocurrencies, just 7% constitute women.
Emerging blockchain-backed organizations are looking to remedy this situation by focusing on bringing women leaders and innovators into space. Blockchain technology allows people to take full advantage of their assets and transactions by eliminating the middlemen, so it is natural that women can benefit from it. Blockchain can be used to facilitate banking institutions. In rural areas, women have limited access to banks, wherein blockchain-based solutions can help these women access banking services without having to jump through the regulatory norms.
Blockchain and crypto-based transactions can solve the problem by automating the system of assessment and bringing financial inclusion of a perfectly stable work-life integration model beneficial to both people and businesses.
Technology itself is neither good nor bad. How we use it can determine whether it can help or hinder the work-life balance. We all live in a digital era, where it has become easier to communicate beyond the office walls than value personal time and balance work. wit h the help of blockchain-based crypto solutions, both organizations and people can ensure financial inclusion and work-life integration by valuing personal time and accountability, and responsibility to our professional lives.