Remote work could redefine the global workforce for good

As the global economy continues to reel from the devastation caused by the COVID-19 pandemic, there is increasing data suggesting that more and more people are now favoring a remote work-based lifestyle. In this regard, a survey sample of working United States citizens shows that Millennial and Generation Z workers prefer joining a remote workforce and decentralized autonomous organizations (DAOs) as opposed to going to an office.

As part of the study, more than 1,100 U.S. citizens were asked to provide their preferences regarding remote work and the emergence of DAOs in recent years. Using research pertaining to DAOs published by the Harvard Law School, the survey showed how DAOs have seen their coffers grow from a respectable $400 million to a whopping $16 billion over the course of 2021 alone. This staggering growth of 3,900% came in concurrence with the number of people participating in DAOs and other remote work ventures surging from 13,000 to 1.6 million.

Simply put, 75% of the survey’s participants believe that in the near-to-mid term, companies will have to offer their users remote work options whether they like the idea or not, with the authors further noting, “The survey results show that a majority of respondents seek all of the things that DACs provide; remote work opportunities, independence from management, and influence over the organizations they work in.”

Is remote work the future?

To get a better overview of how remote work has continued to redefine the global job market, Cointelegraph reached out to Adam Simmons, chief strategy officer of RDX Works — a core developer for the decentralized public blockchain Radix. In his view, the trend of people opting for remote work will continue to garner more and more traction in the near term, adding:

“As an emerging industry, Web3 has a talent shortage. Today, only around 20,000 developers in the world are sufficiently experienced with Web3 tech to work at a production-grade level, signifying just a fraction of the 27 million developers worldwide. Aside from this being a significant barrier to innovation in the space, it means that the companies pioneering a whole new industry must be open to a global workforce.”

A similar sentiment is also shared by Jacob Kowalewski, chief strategy officer of open hosting platform T3rn, who told Cointelegraph that the remote working trend is likely to continue, especially since advances in technology are making it easier and more accessible for people to…