Remote working on the blockchain: the Exodus story

Remote working on the blockchain: the Exodus story

Remote working on the blockchain: the Exodus story

We continue to share our company insights with The Exodus Story. Read Part 1: How to build a company using Bitcoin: the Exodus story.

The pandemic saw many companies around the globe pivot to remote or hybrid working arrangements in the effort to minimize infection spread. While most brick-and-mortar companies have since shifted employees back to the office, others such as Twitter, Meta (Facebook), Shopify and Dropbox have continued to adopt a fully remote working stance.

This means that employees of these companies are not required to work in a designated office space, and can work from anywhere they choose–at home, at a co-working space or even at the beach.

For those in the blockchain or crypto industry such as us here in Exodus, remote working has been the default way of working for a while, and will continue to be so for the foreseeable future.

In this article, we’ll discuss the advantages of remote working and why it makes such a good fit for the blockchain industry. And if you are a proponent of remote working, why not consider a job working in crypto or at Exodus?

    The Advantages of Remote Work

    There are many advantages of working in an office environment–team camaraderie being one of the top reasons. But there are also plenty of downsides, such as the daily commute.

    Research has implied a 5% boost in productivity due to optimized work arrangements post pandemic, and much more in time savings and employee mood improvement simply because employees no longer have to endure peak-hour commute to-and-from work.

    Other advantages of remote working for employees include:

    • More flexibility for parents and caregivers
    • Saves expenses on commute, office wear and meals
    • Personalized work environment including seating, lighting and decor
    • Reduced stress levels
    • Better work-life balance

    Decentralization as An Ethos

    At the core of blockchain technology and cryptocurrency is the ethos of decentralization. At its heart, decentralization is the idea that decision making or control should not be in the hands of a centralized entity such as a single organization or corporation, but decided and executed through a distributed network.

    Bitcoin, as the most decentralized network in existence, currently has more than 14,000 reachable nodes around the world helping to secure the network. The number is almost ten-fold more if you count in listening nodes.

    Remote working is an extension of this decentralization ethos, as it allows talent from all over the world to come together to work on the same problems virtually, regardless of their geographical location.

    A remote working mindset is already deeply ingrained in blockchain and crypto culture. Whether you are working as a core developer for a Layer 1 protocol, community manager for a new NFT collectible, or as a creative designer for a decentralized exchange, part of the culture is that nobody cares where you come from and even who you are: you may even be anonymous if you so choose. All that matters is that you are able to build and get the job done.

    For employers, the best talent is no longer confined to a single Silicon Valley hotspot, but can be tapped from far-flung places from Lisbon to Taipei, Bali or Tbilisi. Companies can benefit from sourcing from a truly global pool of talent without having to uproot their employees from their homes for work and handle the transition costs.

    Andi Morrow, Onboarding & Development Lead at Exodus had this to say:

    “Remote work allows us to hire staff based on their suitability for the role. It allows for a larger pool of candidates, and eliminates many barriers that keep qualified employees out of the work force due to limited local roles. Employees with health conditions are able to work freely, and at their own pace. People with traveling lifestyles, and even parents with young children can perform at a higher capacity when things such as commuting, work flexibility and even excessive business clothing are not a factor.”

    Working in The Metaverse

    It is not surprising that crypto companies such as FTX and Binance are building office spaces in virtual lands such as Portals, the Solana-based metaverse, while KuCoin, Enjin and Binance NFT have chosen the Polygon-based Bloktopia to set up shop.

    Providing fun, interactive and immersive environments for employees, customers and stakeholders to work, hack and collaborate in, the metaverse is the next step in the evolution of the physical workspace.

    In his 2021 year in review, Bill Gates wrote that he believes that the metaverse is the future of remote office work: “Within the next two or three years, I predict most virtual meetings will move from 2D camera image grids…to the metaverse, a 3D space with digital avatars."

    With the pandemic looking unabated for now, the metaverse is shaping up to become the office space of the future.

    Raydium Protocol has a space in Portals, the Solana metaverse IMG Source

    Work at Exodus

    As of this article date, Exodus employs 239 people hailing from some 44 countries including Barbados, Egypt, Malaysia, Jordan and Uruguay.

    The global makeup of talent has enabled the company to reap in the best from different perspectives, ideas and cultures. The work environment is inclusive and welcoming to all walks of life, all with the common goal and mission to help people exit the traditional finance system.

    Andi reiterated the philosophy behind Exodus’ fully remote working stance: “Wealth comes in many shapes and forms, and having as much flexibility as possible at work is a large part of our belief system. Employee work-life balance is a priority to us, and the best way to support this is by allowing staff to decide when and where they do their job.”

    If you value your time and crave work flexibility, working at Exodus could be the right fit for you. Check out our current open positions. And did we mention that you get paid in Bitcoin too?

    This content is for informational purposes only and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction.

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