Humans of Blockchain: Jason Rockwood

Humans of Blockchain: Jason Rockwood

Humans of Blockchain is our initiative to highlight the human side of the industry and showcase blockchain professionals around the world. The goal is to get to know the people pushing blockchain forward better and understand them at a personal level. Our previous post in the series was on Crypto_Ed_NL.


Jason Rockwood is VeChain’s Americas General Manager. He oversees VeChain’s business development and operations in the Americas and was previously Chief Information Officer (CIO) of Oasis Collections and Vice President of Mobile Strategy & Innovation of the Miami Heat; where he became the de facto CIO.

Having worked in a wide range of industries including in sports, hospitality and fashion, Jason has extensive experience in project management, strategy and digital transformation.

In this episode, he shares how he got into blockchain, how he sees the industry  evolving and how his past experiences help him understand and overcome the challenges businesses face when adopting new technology like blockchain.

Tell us about yourself and how you got into blockchain?

A little about me: I’m the General Manager of VeChain USA Inc., which means that I oversee the North and South American markets; including LatAm, the USA, and Canada.

My career started when I graduated from MIT and started working in digital advertising, specifically social media. I did some really cool stuff that I’m proud of, such as helping launch the Facebook and YouTube pages for Walmart. After working in digital strategy, I ended up pivoting into enterprise IT and led innovation for the Miami HEAT and then became CIO of a home sharing startup called Oasis. I live in Miami and California with my husband, Dev. 

I first got into blockchain via Bitcoin, waaay back in 2011. I bought my first bitcoin at only $10! Unfortunately I sold the top—$100! I missed the boat on Ethereum; was acquiring $XRP in 2013 when it was only $0.00001 but lost my password… Needless to say I’ve made a lot of mistakes along the way, but VeChain wasn’t one of them!

Jason with American venture capital investor Tim Draper

How and when did you learn about VeChain? What was your first meeting with Sunny and the team like?

Because of my background as a CIO, I was getting exposed to a lot of the enterprise blockchain conversations happening in 2017, just as the bull run started happening. I started to take the tech seriously and began researching good projects. I got back into the market right around November, and then found VeChain in December, right before the “rebrand”. 

I went all in on VeChain because it was the only project I had come across (and pretty much still the only project I have come across) that met my standards as a CIO. Meeting Sunny for the first time, at a speaking engagement at Harvard, I knew I had made the right decision to be involved. The vision, dedication, and professionalism of Sunny and the team are world-class. I started working for VeChain full time as GM VeChain USA about a year after meeting Sunny for the first time.

You’ve previously worked as a consultant and strategist in a wide range of industries; from apparel (Luxottica) and advertising (Havas Media Group) to sports (Miami Heat) and hospitality (Oasis Collections). How have these experiences helped you with your work at VeChain?

My role as a GM is very diverse. My experiences in digital strategy inform my work in new business development and sales; my experience as a CIO at Oasis and the HEAT helps me speak the language of business with my customers. I know their challenges because I’ve lived them. It also helps me understand and appreciate the long sales cycles; I’ve been on the other side. I think these experiences make me a very understanding and collaborative partner.

What has your first year at VeChain been like? What has surprised you the most and what has been the biggest challenge in your transition?

I started at VeChain in January 2019, so we are a few months shy of two full years. It’s hard to believe how fast time has gone. And really, I spent almost all of 2018 working for VeChain informally so for me, I consider myself three years in. That being said, working for VeChain is everything I wanted it to be. I love the team!  

The people who work for VeChain are passionate, visionary, dedicated and smart. It’s truly a group of people I respect immensely and I’m so grateful to be a part of this. One of my favorite things about working with VeChain is the sheer variety of clients I talk to in the course of a day. Anyone can use ToolChain, so in the course of a day I’m speaking (for example) to seafood companies, cannabis companies, fashion brands, consulting agencies, etc. It’s incredibly diverse! I never get bored in my job. As far as challenges go, I’d say the hardest part is the time difference. As I’m now on the West Coast, I have a lot of 6AM calls.

Jason Rockwood and Sarah Nabaa presenting at LongHash

You were Vice President and de facto CIO of the Miami Heat. Can you share anything about your responsibilities and experience? Do you have any funny/interesting anecdotes?

I’ve been lucky to have had some incredible jobs and teammates over the years, and certainly the HEAT was near the top. In that role I helped the business make decisions about enterprise technology and strategy for the business and the Arena. 

My core responsibilities included decision making around the mobile app, our e-commerce store, enterprise software, and in-arena Wi-Fi. It gave me a wide breadth and depth of experience in understanding the needs of enterprise customers. It also helped me understand VeChain CEO Sunny LU – himself a former CIO. I was attracted to VeChain because the CEO was a former CIO. I knew he would put technology as an enterprise enabler, rather than simply build technology for technology’s sake. My work at the HEAT and at Oasis makes a big difference in my ability to speak about enterprise tech to business stakeholders at all levels

What is your biggest strength?

Optimism.

In a recent photo on Twitter, you were shown at a lake in California with your dog. Can you explain the transition from living in Miami to California, and which lifestyle you prefer?

I was in Shanghai back in January of 2020, so I knew early on how big of a deal COVID-19 was going to be. In early March I went out to California to be in a remote area where I could easily get fresh and comfortably social distance.  Fishing on Sardine Lake was one of those amazing moments of being outdoors that wouldn’t have been possible in Miami. That being said, I look forward to the pandemic ending so I can go back home.

Jason with his dog in Sardine Lake

Google, Microsoft, Amazon and Sales Force have all started offering blockchain integrated solutions to their customers. How big of a role do you think large tech companies will play in the blockchain industry?

These companies are important to our industry because they bring legitimization and scale. I do believe that one day there will be blockchain behemoths, and I certainly think VeChain could be one.

What are the biggest challenges VeChain is facing in the US?

The US market for blockchain is still in its infancy. VeChain offers an amazing product that’s easy to deploy and cost-effective, but many companies in the US are still uncertain about the business value. That will change as more companies experience the success first-hand. 

Which projects would you consider to be VeChain’s biggest competitors/alternatives? What makes VeChain different?

Based on feedback from my clients, I would say IBM FoodTrust is the biggest competitor to VeChain ToolChain in the USA. We should be grateful to IBM, because their marketing budget is a rising tide that lifts our ship. IBM is almost single-handedly creating the US market demand for enterprise blockchain in supply chain. I’m grateful for that.

At the same time, our customers tell us that VeChain ToolChain is faster to deploy, easier to understand the business value, and requires less of an upfront investment to get started.

Are there any features that enterprise clients seem to be frequently requesting for ToolChain? (e.g. a specific tool that they need but is currently not available, more integrated data analytics, etc)

VeChain’s Product Roadmap is very robust, and anytime a client asks for a new functionality, I can almost always point to the roadmap and say “it’s coming”. That gives me and the client a lot of confidence in the future.

Supply chain is one of VeChain’s most important applications. How do you see current global political tensions affecting demand for VeChain solutions and VeChain-traced products (if at all)?

As the world becomes a more complex place, the need for trusted platforms and data will only increase. 

What trends have you noticed from dealing with clients since you began the role until now? Have you seen the industry shifting or changing in any way?

When I started at VeChain the clients I was speaking to were all hot off the ICO boom and the business models were always “we want to create a new business with a token”, whereas now clients are seeking a mechanism for supply chain visibility and data provenance. It’s a maturation of the marketplace for sure, and a good thing.

What superhero would you like to be? Why?

If I was a superhero, I would definitely want to be Doctor Strange! The guy understands the meaning of life and can bend time and space.

Do you have a favourite quote or meme?

The quote that gets me through crypto-life is this one from Epictetus:

“Some things are in our control and others not. Things in our control are opinion, pursuit, desire, aversion, and, in a word, whatever are our own actions. Things not in our control are body, property, reputation, command, and, in one word, whatever are not our own actions. … if it concerns anything not in our control, be prepared to say that it is nothing to you.”

Favourite basketball player?

I admire Steph Curry immensely, as he’s one of the most talented players, however, if I had to pick one favorite it would be LeBron.  Watching him play live is truly indescribable. The guy is so huge and yet he moves like a dragonfly. At the HEAT I had court-side seats, and watching him play close-up unlocked a new understanding of the awesomeness of the game.

LeBron James vs Stephen Curry

Your biggest inspiration?

My partner, Dev.

If you could travel to anywhere in the world, where would you go?

Hawaii. I love it there.

Any guilty pleasures?

French Fries and ice cream, but not at the same time.

How would you like to be remembered?

As someone who made a difference in improving other people’s quality of life.

Anything else you would like to add?

I’d like to say thank you to all the VeChain community members, new and old, who have believed in this project from day one and stayed the course the past three years.  You’re an incredible group of people to work for, and you keep me going!  Top Three here we gooooo!

 

Thanks to Jason Rockwood for taking part in this article. We hope you enjoyed it.

If you would like us to profile someone in particular who is helping drive blockchain forward, let us know on Twitter and we’ll do our best to make it happen.

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Humans of Blockchain: Jason Rockwood

Humans of Blockchain: Crypto_Ed_NL

Humans of Blockchain is our initiative to highlight the human side of the industry and showcase blockchain professionals around the world. The goal is to get to know the people pushing blockchain forward better and understand them at a personal level. Our previous post in the series was on Peter Zhou and can be read here.

Crypto_Ed_NL with Sunny Lu

 

With more than 20 years of experience trading stocks, options and forex, Crypto_Ed_NL joined the crypto market in 2014. Based in the Netherlands, on September-October 2017, he was a Trading View top author and established Crypto-TA.

Crypto-TA is an officially registered training institute focused on the crypto scene. With high volatility in the markets, Crypto-TA aims to teach its members how to make decisions driven by technical analysis and trade “what you see, not what you believe”. In their own words, “we don’t give you the fish, we teach you how to fish”.

On May 2019, Crypto-TA partnered with NIIT, a world leading professional training provider used by several Fortune and Global 500 companies to develop internal talent.

In this interview we discover what it means to be a seasoned trader in the crypto market, how to avoid some common mistakes and some lessons Crypto_Ed_NL has learned since 2014.

Can you tell us about yourself?

I’m a proud father of 2 beautiful daughters in the same age as the majority on Crypto Twitter 🙂 I’m living in the Netherlands, too busy working and trading to change my status as a single.

You have more than 20 years of trading experience in asset classes including stocks, options and forex. What are the main differences and similarities you have seen between the crypto and traditional markets?

It’s mostly the differences. I prefer the dynamism in crypto. Sometimes it’s like the wild west and I’m addicted to the sentiment changes. Although it’s preferred to neutralize emotions in trading, I kind of like it very much how sentiment changes in crypto due to the high volatility. The change from an underwater position to +30% can happen in minutes (and vice versa) and that attracts me a lot.

What do you wish you had known about crypto when you first started in 2014?

The massive “back room deals” at that time. More or less everything was just P&D (Pump & Dump), all organized in secret chat rooms with VIP rooms and super VIP rooms where you always had to wonder if you were really at the highest level or if there was another level above who would dump on you.

In September 2017 you established Crypto-TA, an officially registered training institute focused on crypto trading. Can you tell us more and how you came up with the idea?

Through the years, I saw a lot of “paid groups” where the focus is on milking members for their fees every month again. I wanted to do it different, really teach the members something. When our members leave after 3 months because they learned enough to continue on their own, we did our job well. 

What does a typical day for you look like now?

Too much work, that’s for sure haha, but that’s also my own created problem. I want to control and everything has to be perfect (or close to). I often hear from members that I/we deliver a lot more/faster than needed.

Time schedule: always awake around 6am, scanning the market, reading the news, charting morning updates for the group, video updates, live streams, trading, etc. Around 6-7pm I shut down my pc and try to relax a bit, mostly keeping 1 eye on the charts. Somewhere in there has to be “going to the gym”. It happens too often that I forget about that.

Crypto-TA reached a partnership with NIIT, one of the top 3 learning outsourcing companies in the world. Can you share more details about your customers being institutions?

I think there are a lot of “hobby groups” in crypto and we’re one of the few with a really professional approach and definitely following all the laws, paying taxes etc. Proven experience and maturity of the whole team certainly helps whereas most of other groups recently discovered trading/crypto and are still very young. Many of our business clients book the training course for themselves or for their employees. We even have banks as customers.

When and how did you discover VeChain?

Someone tipped me to watch this video on YT. It was certainly not groundbreaking or proving anything but it made me interested and shorty after we started to accumulate VEN (back then only listed on Liqui)

What are you most and least excited about the crypto industry?

Most: still being early in a development that will change everyone’s lives.
Least: due to crypto being unregulated, the amount of scams and people getting away with it.

What are your thoughts about the 2017 bull run? Did you foresee it happening? What did you learn from it?

Absolute insane. Foresee? I don’t know, I remember my disbelieve when BTC cracked $1.000 again. When BTC was at 2400, I charted 6k and got loads of negative comments. I missed the exact top but was one of the first to tweet BTC targets 6-8k

Learned: take more profit on the way up.

Do you expect to see a similar bull run (as in 2017)? If so, why and by when? If not, why?

I do expect a big run for BTC. I always said “new alt season only after BTC made new ATH” but the past few weeks it has started to look more and more promising that we might see a nice run in alts first. 

What needs to happen for cryptocurrencies to be formally recognised as an asset class? When do you think this will occur?

Less volatility. BTC markets are too easy to manipulate because it’s still a rather small market. As long as this remains, Average Joe will never receive messages from his bank to invest in BTC for his pension.

Excluding Bitcoin, Ethereum and VeChain, what are your 3 blockchain projects you are most excited about? Why?

Vechain is actually an exception in my portfolio. I’m much more a trader than an investor. But recently I discovered EHrT which gives me Vechain 2017 vibes. Furthermore I don’t have any specific projects.

What are the biggest misconceptions people have about trading and cryptocurrencies?

Thinking trading is so easy, mostly fed by the misleading messages on social media. It’s also another point where we differ from so many other groups. We teach members that it is fully normal to have some losing trades and social media is very misleading.

How has the market matured since 2014? How do you think it will change in the next 5 years?

Less scams (still too many). More regulations will come.

Other than DYOR, what are some dos and don’ts you would advise someone that just started trading?

Stop following and copying others with their trades, you need to build your own system.

Based on Google Trends, the Netherlands is one of the most active regions for searches in “VeChain”, “Bitcoin” and “crypto”. Why do you think there is such big interest in the country?

I have no idea, maybe it’s in our genes…. As a tiny country we are known for our commercial spirit, already since centuries.

Google Trends results for “crypto” as of 11 Aug 2020

What do you think VeChain should do/change to become an even bigger success?

I think they know pretty well what they are doing and where they want to go. I have nothing to add.

Do you have a favourite quote or meme?

Trade what you see, not what you think. Don’t chase green candles. If you watch every tick, you’ll trade like a d*ck.

What is the one thing that you would like to have achieved in your life?

My life is characterized as “unstable”. On every aspect, personal, love, financial,… I’m getting close to the point where I would say I’m in calm waters again and that is my goal: to lean back and say “I did it”.

What are your hobbies?

Sadly enough: work. I have always been a workaholic and operating in a 24/7 market is like a Dutch saying “Binding a cat on the bacon”. When I find time, I go to the gym, skiing, … The local pubs do know me quite well and I want to pick up windsurfing again.

If blockchain did not exist, what would you be doing with your time instead?

Probably in International Sales like I did before.

Who is your biggest inspiration and why?

My mother who passed away in 2017. Back then I had quite some financial troubles after a law suit with tax authorities which lasted >7 years. In our last seconds together, I promised her that she wouldn’t have to worry about me and she would be proud when following me from “somewhere above”. Shortly after that, I started Crypto-TA and business exploded.

A fun fact about you?

I think it’s quite funny how some short sighted people in crypto call me a scammer sometimes, just for running a “paid group” even when they have no idea what we do at Crypto-TA. Whereas people who know me in private say I should write a book about my experiences in the past years and have mad respect for the way I fought back.

If your life were a movie, which one would it be?

“Into the wild” but with a better ending. I don’t know if there’s really a film that describes my life but I definitely feel attracted to this movie. Burning all your possessions and go live in the wild without caring at all about money, possessions, etc.

Anything else you would like to add?

Pump it, Sunny!

 

Thanks to Crypto_Ed_NL for taking part in this article. We hope you enjoyed it.

If you would like us to profile someone in particular who is helping drive blockchain forward, let us know on Twitter and we’ll do our best to make it happen.

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Humans of Blockchain: Jason Rockwood

Introducing Humans of Blockchain: Sarah Nabaa

Blockchain enthusiasts are constantly bombarded with new network upgrades, business project releases and technical analyses. Inspired by the “Humans of New York” project, we are introducing “Humans of Blockchain”; an initiative to highlight the human side of the industry and showcase blockchain professionals around the world.

The goal is to get to know the people pushing blockchain forward better and understand them at a personal level. If there is a specific blockchain figure you would like us to cover or have any questions you would like us to ask, please get it touch.

 

Humans of Blockchain: Sarah Nabaa

Sarah Nabaa – VeChain VP SE Asia and Australasia


To kickoff the series, we had the privilege to speak to Sarah Nabaa, VeChain’s Vice-President of SE Asia & Australasia. She is primarily responsible for business development and identifying key technology partners in the supply chain, IoT, provenance and agritechnology fields.

According to a LongHash survey on 100 blockchain startups, women only account for 14.5% of employees and 7% of managers. This interview was a unique chance for us to understand what it means to be a female professional in a male-dominated blockchain space.

 

Tell us about yourself and how you got into blockchain.

I graduated with an EEE Degree but I never wanted to be an engineer. Instead, I wanted very badly to be a proprietary trader, which I did at 24.

At 25, I saved up some money, bootstrapped, started an e-commerce business with my best friend, sold it at 31 and decided I wanted to work in business development for a technology start-up.

I first learnt about the Ethereum Blockchain at a property-technology start-up back in January 2017 where the CTO wanted to introduce blockchain for many reasons:

1) a property maintenance logbook where all home and repair services hired by homeowners on his platform had proof of records maintained on the blockchain 

2) use of smart contracts for ownership transfer and payment for rentals

I had my first interview with Sunny and Jay in May 2017 through David Fowler from PwC Venture Hub. Interestingly, Jay came back with an offer in Oct 2017 asking me if I was able to start in November as employee #1 in Singapore. It was very surreal and exciting, I’ve not looked back since and I am amazed how fast time has flown by when work is enjoyable.

What does a typical day look like for you?

Post COVID19 : Have to work remotely since Singapore entered circuit breaker from 03 April – 01 June

Catching up on my emails, scheduling conference calls with existing customers, new inbounds & channel partners, working on potential proposals, drafting agreements with our legal counsel and networking on LinkedIn. One minute we are speaking to someone in luxury, the next someone in fish farming. Clients can range from IoT to energy, which makes my job interesting as I learn so much about the various industries.

How would you explain blockchain and VeChain to a 10 years old?

I personally like this video but if YouTube explainer videos are not allowed, here’s my analogy for a 10 yr old.

A football game is broadcasted before a full stadium and satellite TV. Imagine if everyone had a pen and a notebook to note down who scored during the game. For noting the sequence of goals correctly, all witnesses will earn a prize.

Changing the sequence of who scored during the game or changing the outcome is impossible as this would require getting all spectators in the stadium and people who watched it from home to agree. But if there was no “live” telecast, and only 4 people were in the audience, it would be a lot easier to bribe these 4 witnesses to change the sequence in the order I want.

Blockchain is like the first scenario, it is a digital record of events recorded in a chronological order by a network of witnesses globally. Each witness has a copy and every event bears a digital thumbprint which we call a unique ID. Any change in the records will fire off alarms as it will be noticed by the network of witnesses and rejected.

There are many blockchain networks in the world and VeChain’s network is maintained by 101 companies as witnesses, it also has many cool features which make it easy for enterprise companies to integrate this technology into existing processes. It is named after Thor, the God of Lightning as it is lightning fast and strong.

What excites you the most about VeChain and the blockchain sector and what are the biggest obstacles?

“VeChain is fast gaining popularity for its accomplishments and notable partnerships worldwide. I know we are on the right track as we are beginning to see other protocols and consultancies preaching about the benefits of using public blockchain and adopting similar consensus mechanisms. At the same time, our pipelines are growing in all regions across various industries.”

I am thankful our global team is professional and has DNV GL and PwC as strategic partners because that helps a lot. Not to mention our work with other clients in automotive, fashion, logistics, agri and luxury stands firm and true as our testimonials.

As far as obstacles go, there is still a big gap between enterprises’ understanding of blockchain technology and how it can be applied to their business. Beyond real world use-cases, ROI, value, and additional benefits of using the technology needs to be addressed and communicated more effectively.

Another obstacle I see is that compared to other protocols, I hope to see more developers building on VeChain. Our dev team has introduced many new features which makes it easy and it’s a real pity not to see our community taking advantage of them and building actively.

VeChainThor blockchain is a global protocol network with satellite offices all around the world, and the team should be given more credit for the brilliant products our developers have created as it already has gained a proven track record in working in various industries.

What traits allow your team to succeed?

Have you met Sunny?  😀

I am sure you will agree he is one person who inspires all of us to be a little more like him. We try to emulate not only his dressing, his professionalism, foresight and of course, humility.

What surprised you the most about working in the blockchain industry?

I spent most of 2019 explaining what is blockchain technology in most meetings. I do feel there is a huge gap between people who understand blockchain and people who do not. There is always a tendency to mistake cryptocurrency for blockchain technology but I feel we have a long way to go in terms of educating the masses.

There was one point in time where blockchain was termed as a hype, and it sure as hell made IoT very sexy again. We would get a lot of leads asking to come up with comprehensive solutions and this is why we started building an approved vendor network, looking out for potential vendors who can provide their solutions to our clients.

I was also surprised at the number of companies who were asking for a form of investment or payment for them to use VeChain which was really uncalled for as it is not in our interest to invest in the companies that utilise our blockchain protocol.

What do you think are the most common misconceptions about women in blockchain? Have they affected you in any way?

“I think the common misconceptions is that women are not seen as technology-savvy and people tend to discredit the technology knowledge that women know… They’d rather hear it from a male, which is why I’ll always have my project manager to go to meetings with me and have them answer their technology questions even though I know the answers to them.”

It’s just the way the world works and I’ll rather work with that bias to our advantage by having my project manager always on standby and answer questions rather than lose a deal.

How can we improve gender diversity in the sector?

Teach girls programming and coding from a young age to build up a talent pool on the supply side. Companies could work to having some kind of ratio as a benchmark and hire more women in management too.

Who is your biggest inspiration and why?

In the Crypto space – Meltem Demirrors. I know she is all about Tezos and Bitcoin but she is changing investor minds about cryptocurrencies and I personally think payments and identity are two areas where we will see blockchain being a huge disruptor.

In the technology space – hands down, Bill Gates for his work at Microsoft, his ferocious appetite for reading and his philanthropic work.

Any guilty pleasures?

During the partial lockdown at home, I found learning how to dance a TikTok challenge very entertaining. It made me and my friends laugh a lot which I thought was important during the lockdown.

What are your hobbies?

I’ve started to play golf with my husband every weekend since Jan 2019. It allows me to really disconnect and focus on my swings. Unfortunately, my short game is really bad at the moment.

What would be your superpower?

My superpower is being irritatingly sunshiny and positive all the time. If I was a SuperHero, I would love to be the female version of Tony Stark – incredibly intelligent engineer who built his own super power – Iron man and is still human at heart.

A fun fact about you?

I was a very sporty person back in school. I was captain of my school Netball teams from elementary to high school and was enrolled into the cross country team at junior college because I was good enough to represent my school. School and sports played a major part in building who I am today.

Before you go… Do you have a favourite quote or meme?

 

Thanks for reading the first article in our Humans of Blockchain series. Please comment on Twitter to let us know which people you would like to see highlighted next!

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