{"id":5675,"date":"2022-07-15T15:21:17","date_gmt":"2022-07-15T15:21:17","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=5675"},"modified":"2022-07-15T15:21:20","modified_gmt":"2022-07-15T15:21:20","slug":"dr-jane-thomason-cointelegraph-magazine","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=5675","title":{"rendered":"Dr. Jane Thomason \u2013 Cointelegraph Magazine"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Jane Thomason is an Australian academic who spent 15 years running hospitals and doing development work abroad followed by a 20-year stint building a $250-million revenue company.\u00a0<\/p>\n<p>Thomason \u2014 now a blockchain adviser to the World Health Organization \u2014 says she \u201chad an epiphany\u201d while thinking about the 2004 Tsunami in Indonesia, in which the lives of over 200,000 people were washed away.<\/p>\n<p>\u201cNo one knew the identities of the people coming to the hospitals \u2014 all the identity documents were gone, all the bank records were gone, all the health records were gone. People wanted to send money to the people who were alive, but no one could send money directly.\u201d<\/p>\n<p>\u00a0<\/p>\n<p>Dr Jane Thomason believes in the power of blockchain to help make the world a better place.<\/p>\n<p>\u00a0<\/p>\n<p>Thomason believes that if this data had been recorded on a blockchain, \u201cpeople would be able to reconnect with their data really quickly and access their identity, health and bank records.\u201d The realization convinced Thomason that she needed to play a role in helping the technology scale for humanitarian applications.<\/p>\n<p>\u201cMy blockchain story is quite cute,\u201d Thomason says, explaining that she \u201ccompletely ignored\u201d her son\u2019s advice when in 2010 he encouraged her to buy Bitcoin. He brought the subject up again in 2015, becoming \u201creally frustrated\u201d with Thomason\u2019s inaction.\u00a0<\/p>\n<p>\u201cHe said, \u2018Listen \u2014 Bitcoin is built on blockchain, and blockchain is going to change everything and you need to learn about it.\u2019\u201d\u00a0<\/p>\n<p>Thomason began reading and, after several months, began to feel a strong pull toward the industry. She\u2019s since pivoted into the \u201cblockchain for social impact\u201d niche and is the author of several books including <em>Blockchain Technology for Global Social Change<\/em> and <em>Blockchaining the World,<\/em> and acts as a blockchain adviser to various international organizations, such as the World Health Organization and the Commonwealth Secretariat.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><em>Dr. Jane Thomason is a regular at crypto conferences around the world. Source: drjanethomason.net<\/em><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Thomason believes that beyond all the talk of cryptocurrency, blockchain is a technology that can solve practical problems for some of the most disadvantaged groups in the world by facilitating and securing identity, health records, banking, supply chains and supporting climate action. Despite the rosy picture, she remains worried about the current state of the industry and questions whether the industry understands its own climate footprint.<\/p>\n<p>Social benefits of blockchains<\/p>\n<p>When it comes to blockchain and identity, Thomason believes that recognition by governments is the biggest hurdle because many people around the world do not have any type of ID, to begin with. Identity is a person\u2019s \u201cwindow to the world,\u201d making it perhaps the most important problem to solve.<\/p>\n<p>Financial inclusion can be tackled with stablecoins, which people can easily send and receive. Despite being much lauded by the Bitcoin community, Thomason remains skeptical of El Salvador\u2019s decision to make Bitcoin legal tender due to the inherent volatility.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>While running the London Blockchain Week Hackathon in 2017, conveniently sponsored by the Abt Associates, Thomason invited a group of central bankers from the Bank of Papua New Guinea to witness \u201c200 of the smartest people in the world sitting there trying to figure out how to solve this problem of financial inclusion.\u201d The winners then accompanied them to Papua New Guinea to create a proof-of-concept for a new payment system.<\/p>\n<p>\u201cThey went to a super isolated village, and without electricity and only 2G mobile phones, and were able to make transfers to that village and convert it into fiat in the local store.\u201d<\/p>\n<p>As for supply chains, Thomason is quick to point to problems even in the medical sector regarding fake personal protection equipment devices, which began to circulate during the pandemic. If supply chains can be clearly recorded onto blockchains, both manufacturers and buyers can \u201csee transparently right through the entire supply chain and know what\u2019s going on.\u201d The same goes for food and can help farmers avoid exploitation via transparency.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><em>Dr. Jane Thomason sees opportunities for blockchain to aid climate change efforts. Source:drjanethomason.net<\/em><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Thomason also sees a bright future for blockchain as a tool for climate action. One opportunity, she says, is the tokenization of green bonds and carbon offsets, as well as NFTs, which can represent carbon offsets. She cites the example of the Brooklyn Microgrid, which is a marketplace for locally generated solar power. <\/p>\n<p>In developing countries, she explains, someone with a solar panel could sell generated power to others for micropayments, making electricity available in places where people might otherwise not be able to keep a mobile phone charged. Developing countries often serve as great proving grounds for new technologies, which could also be implemented on much larger scales in developed economies.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Building blocks<\/p>\n<p>In the aftermath of her epiphany, she left her position at Abt Associates, the parent company that had bought her company JTA International in 2014. She had been building JTA for 20 years, and it had over $250 million in revenue and 600 employees.<\/p>\n<p><em>Her daughter is \u2018Married At First Sight\u2019 star Georgia Fairweather, who is passionate about NFTs.<\/em><\/p>\n<p>She needed to regroup. \u201cI started traveling around the world, going to blockchain conferences and meetups,\u201d looking for ways she could contribute to the nascent sector. One of the first things she did was begin advising various projects, including the Kerala Blockchain Academy and Shyft Network.\u00a0<\/p>\n<p>Thomason found that affiliating herself with blockchain projects was important because \u201cif you don\u2019t belong to an organization, people think you\u2019re a bit weird.\u201d When unassociated, she found it difficult to be taken seriously as an advocate for blockchain as a tool for social impact at a time when everyone was simply trying to raise millions of dollars with ICOs.\u00a0<\/p>\n<p>Coming from a work culture where business cards were the norm, she noticed that the attendees of blockchain conferences preferred instead to connect digitally. Thomason found herself setting up a LinkedIn profile where she began writing about blockchain and social impact. \u201cUnintentionally and totally organically, I got this following,\u201d she says, referring to her 26,000 followers.<\/p>\n<p>\u201cIf you believe in something and have something important to say, you can build a following without maintaining it.\u201d<\/p>\n<p>With all her explorations of the industry, Thomason came to the view that there was a need for deeper education relating to ways in which blockchain could be used to create impact.<\/p>\n<p>In 2019, she launched Social Impact Week in London, and \u201cin 2020, we had our last blockchain week just before the borders closed\u201d due to the pandemic, after which Thomason was effectively stuck in Australia for two years.<\/p>\n<p>\u201cI spent my time during the lockdown learning about DeFi,\u201d she says, explaining that in 2020, she came across Novum Insights, a Decentralized Finance (DeFi) analytic company that she invested in on the condition that she be allowed to work directly with the team in order to learn about DeFi. The experience, Thomason says, inspired her to write her fifth book <em>Applied Ethics in a Digital Age<\/em>. She was able to move to Dubai in 2022.<\/p>\n<p>Healthcare development<\/p>\n<p>Thomason was born in Scotland before moving to Australia, where her father worked as a rural doctor in North Queensland. When she was 16, her mother took her on an Oxfam study tour to Indonesia, which \u201cwas sort of like a combination of a holiday, but you go and see all their development projects, and you see the good work that they\u2019re doing,\u201d Thomason recalls.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>She began her career after graduating with a Bachelor of Arts in Social Work from the University of Queensland in 1979, after which she volunteered at the Asia Development Bank in Indonesia before completing her Masters in Public Health at the University of Sydney in 1981.<\/p>\n<p><em>Thomason\u2019s books are available on Amazon.<\/em><\/p>\n<p>Thomason\u2019s research involved fieldwork in Papua New Guinea, where she learned about the challenges faced by economically and geographically isolated people. Upon completing her Ph.D. in 1994, Thomason returned to Queensland to work as the CEO of a hospital, among other positions.<\/p>\n<p>In 1999, Thomason founded JTA International to develop public health in developing countries. Over time, it expanded to various other industries, including mining, and was sold to Abt Associates in 2014, with Thomason agreeing to stay on board for four years \u201cto grow the company in Asia and the Pacific into other sectors outside of healthcare.\u201d The years following saw the company triple its revenues from $50 million to $250 million. Seeing a dire need for digital transformation, Thomason, however, stepped out of the CEO role in 2017 to become the parent company\u2019s global ambassador for its Center for Digital Transformation in the United Kingdom.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p lang=\"en\" dir=\"ltr\">@janeathomason talking about wellness in Metaverse.<\/p>\n<p>An event by @MetaDecryptCo at @MOTF .@webzz @amitkumar0331 @RichaPatil28 @sarahvaibhavali @khaleejtimes pic.twitter.com\/Lut3yXr1Qo<\/p>\n<p>\u2014 Cryptonite.ae (@CryptoniteUae) July 2, 2022<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Though Thomason sees NFTs as a valuable canvas for digital art in support of climate initiatives, she is quick to bring up what she considers their dark side: the current power consumption of Ethereum. \u201cI\u2019m a little bit cautious about that because most NFTs build on Ethereum, and Ethereum is one of the power-hungry blockchains,\u201d she notes. Such art would by no means solve climate change, but she sees them as a way to galvanize climate action and reward artists.<\/p>\n<p>\u201cI feel that we need to find ways to move the NFT community off Ethereum and onto Algorand, Solana, Cardano and those blockchains that aren\u2019t that energy hungry.\u201d<\/p>\n<p>Ethereum\u2019s creator Vitalik Buterin argues that the chain\u2019s upcoming transition to proof-of-stake will provide a fitting solution to climate concerns.<\/p>\n<p>With time, Thomason notes that many others have begun to advocate for the climate and social benefits side of blockchain. One of these is Miroslav Polzer, European Climate Pact Ambassador in Austria, who is \u201ctrying to build a DAO for climate action.\u201d\u00a0<\/p>\n<p>As new technologies are integrated with blockchain, perhaps like the biometric suit worn by Cage The Elephant\u2019s lead singer, Thomason imagines a setting in which Internet-of-Things devices could measure positive actions taken by people and \u201ca smart contract can trigger a payment to people for having taken that climate action.\u201d<\/p>\n<p>\u201cI think that the job that we\u2019ve got ahead of us is really an education job because we\u2019re so consumed with what\u2019s going on in currencies that most people have no idea of the social utility of blockchain,\u201d Thomason concludes.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><strong>Read More: Six questions for Jane Thomason<\/strong><\/p>\n<p>6 Questions for Jane Thomason of Kasei Holdings<\/p>\n<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/magazine\/2022\/07\/15\/dont-stop-currency-transform-world-with-blockchain-dr-jane-thomason\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jane Thomason is an Australian academic who spent 15 years running hospitals and doing development work abroad followed by a 20-year stint building a $250-million revenue company.\u00a0 Thomason \u2014 now a blockchain adviser to the World Health Organization \u2014 says she \u201chad an epiphany\u201d while thinking about the 2004 Tsunami in Indonesia, in which the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-5675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5675"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5675\/revisions"}],"predecessor-version":[{"id":5677,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5675\/revisions\/5677"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/5676"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}