HomeCoinsQTUM (QTUM)Crypto Teams and the Pandemic. How the Qtum team used work from...

Crypto Teams and the Pandemic. How the Qtum team used work from home… | by Qtum | Jun, 2022

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Crypto Teams and the Pandemic. How the Qtum team used work from home… | by Qtum | Jun, 2022

It looks like we are finally putting the pandemic in our rearview mirror. As the Covid-19 situation improves, we have seen more and more offices opening up their doors and countries opening their borders. The last two years have forced offices to adapt to a more digital workspace quickly. While many companies struggled with the change, Qtum managed to transition smoothly and thrive from the get-go. Let’s understand how this happened.

One of the most underrated aspects of going to the office is the valuable face time you get with your colleagues. Any Human Resources manager worth their salt will tell you the importance of face-to-face interaction for increased collaboration, building genuine relationships, creating ideas, and developing new talent. The face-to-face meeting also results in better brainstorming and the development of new ideas.

Stanford economist Nicholas Bloom noted, “I fear this collapse in-office face time will lead to a slump in innovation. The new ideas we are losing today could show up as fewer new products in 2021 and beyond, lowering long-run growth.”

Face-to-face interaction helps forge meaningful human connections and get instant feedback, which is crucial.

One of the worst things that happened to crypto due to the pandemic was the loss of travel and crypto conventions. Before the lockdown, Qtum’s last convention was ETHDenver in February 2020. Shortly after, conferences became completely virtual. While some of these digital conferences were pretty decent, they just didn’t have the same impact anymore.

This problem isn’t limited to the crypto space, of course. For example, SAP’s June 2020 virtual conference was a disaster, while analysts panned the digital Adobe Summit in May 2020 for its redundancy.

Overall, virtual conferences have two significant problems:

  • They suffer from primitive production values.
  • There is little opportunity for attendees to interact with each other. Conferences are places to meet your peers or inspirational leaders. Once they go online, it’s impossible to have those serendipitous “hallway conversations” to find that next great collaboration or staff hire.

Alright, so how did the pandemic affect our operational side? To be honest, not that much. Qtum already had a distributed international staff, and work-from-home is in our DNA. Now that the pandemic has eased off, we have opened up our Miami and Stockholm offices. However, Qtum is entirely comfortable with Work From Home (WFH). There are two crucial things that we have learned over the last year:

  • Respect work-life balance: WFH doesn’t mean that you are available for work any time of the day. Respect boundaries.
  • Don’t overdo meetings: Nobody likes ten Zoom calls in a day. Trust the intelligence of the people you have hired. Usually, 1–3 calls a week are enough to catch up and sync on work-related matters, and the rest of the coordination can be accomplished using a team communications tool like Slack or Microsoft Teams.

Now, regarding the conferences, things are slowly getting back on track. Big tech conferences Apple WWDC, Google I/O, and South By Southwest (SXSW) have all gone from virtual to real-life “meatspace.” In addition, Qtum recently attended and had a major presence at the Binance Blockchain Week in Dubai, the Paris Blockchain Week Summit in April, and Consensus 2022 in Austin, Texas in June. Come meet us at your next big crypto convention.





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Mr Bitcointe
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“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
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