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The Benefits Remote Working Brings to Web3 and Crypto Companies

The decentralized nature of blockchain and the flexibility of remote working has proven to be a huge advantage for companies operating in the Web3 and cryptocurrency industries. Web 3 companies are taking full advantage of the unique benefits of remote working to drive innovation and expand their global presence.

The spirit of Web 3 when working remotely

Amanda Kelleher, chief human resources officer at ConsenSys, spoke to BeInCrypto about the profound impact of remote work, especially given access to global talent pools. With more than 800 employees from diverse cultural backgrounds working across six continents, ConsenSys benefits from a broad range of perspectives.

This diversity fosters innovative ideas and uncovers new use cases on a global scale. Likewise, the move towards remote working has facilitated the emergence of independent workers in... Internet 3. This model provides flexibility and requires companies to adopt more collaborative ways of working, reflecting a fundamental shift towards a more balanced and creative relationship that enriches the work experience.

Additionally, traditional salaries are being supplemented, or even replaced, by digital currencies and token-based rewards. This change is consistent with the digital nature of Web 3 and strengthens the appeal of tech-savvy professionals who value innovation in payment solutions.

"Web 3 is also slowly moving some business-related processes onto blockchain. This includes employment contracts, contracts with service providers, and even credential verification. These processes are becoming more open, secure, and easily accessible thanks to decentralized technologies,” Kelleher told BeInCrypto. .

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This commitment to decentralization is not only linked to technology, but is also reflected in the structure and culture of the company. For example, ConsenSys regularly holds town hall meetings and quarterly Ask Anything (AMA) sessions with its executives. According to Kelleher, these initiatives foster a community environment that is transparent and engaging on a more personal level.

Likewise, the effect cannot be neglected Decentralized autonomous organizations (DAO) in the workplace. DAOs provide insight into how employees prefer to work and receive compensation. This model fosters a deeper connection to the workplace through community, connection, purpose and co-creation.

"DAOs can change the way people view their careers because they are not just working for a company but with a company. This is an interesting perspective because we are learning that people want to have a deeper connection to their workplace " Kelleher said.

While the flexibility of remote work fits well with the decentralized nature of blockchain technologies, it also presents significant risks that must be carefully managed.

Hidden dangers require your attention

The main concern for crypto companies is the steep learning curve associated with blockchain and related technologies.

Kelleher points to educational barriers as a major obstacle. She advises creating learning and development programs to combat this. For example, MetaMask's learning section offers (Learn MetaMask) Free multilingual teaching on web technologies 3.

“There is a steep learning curve associated with understanding blockchain, smart contracts or decentralized applications. This can make it difficult for employees, stakeholders, and users who are unfamiliar with these concepts. technology to avoid low adoption rates and an inability to make real changes.

👈Read more: The 4 Most Important Technical Analysis Tools for Cryptocurrencies and Stocks in 2024

Coding learning curve
Learning curve. Source: Valamis

There is another significant risk posed by remote working in... Web Sector 3 It ensures data security. ConsenSys is ISO27001 certified to maintain the highest standards in data security. It is a global standard for information security, helping organizations assess their capabilities to protect data.

Promoting high security standards is essential, as remote working scenarios often involve multiple access points that can be leveraged.

“Our ISO27001 certification underlines our commitment to implementing the strictest security controls. Additionally, we have also received SOC2 Type 1 and 2 certifications. We encourage other Web 3 organizations to adopt best-in-class information security standards to collaboratively foster a culture of security. security awareness."

Additionally, the regulatory environment for blockchain and cryptocurrencies remains a gray area. This situation is exacerbated by the remote working model, where competency can be ambiguous. Kelleher emphasizes the need for smart, flexible regulations that evolve with technology to prevent innovation from being stifled.

Remote work in the Web3 and coding industries comes with undeniable risks, but allows for greater flexibility, access to a broader talent pool, and innovative compensation methods.

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