The Seratio EcoSphere

End of a Journey, Beginning of a New

 

Summary

At the end of Q3 2018 the not-for-profit foundation Centre for Citizenship, Enterprise and Governance (CCEG) will have completed the Seratio Ecosystem to MVP (minimum viable product) level ready to start implementation in Q4 trials with significant partners in cities, regions and countries around the world.  This has been a 7 year journey, started in May 2011, to create structures for good that allows us to travel through our lives guided by the beliefs we hold dear to our hearts. By establishing a digital currency of intangible value, we can use AI (Artificial Intelligence) Bots on our mobiles to navigate our interactions with organisations, products, projects, processes and even people based on their provenance and how aligned they are to our own values. Retailers will be able to incentivise and target to differing degrees whole communities that match most closely their corporate values. We will be able to exchange our token instruments of non-financial value with assets of financial value.

Now moving to engagement and integration within global markets across public, private, civil society and community sectors, the Seratio EcoSystem will be governed by its participants through a Distributed Autonomous Foundation (DAF) which itself will integrate with other DAO (organisations) structures representing the Non-Governmental Organisations (NGO’s) both small and big. We are an international community of over 120,000 with a vision which are ready to deliver, but the next phase is about market need, scalable adoption, and professional operational delivery to give us a world based on sustainable social impact. Our common goal is to form a world transacting on the optimisation of Total Value where both Financial and Non-Financial Value are of equal importance and driven by our individual and collective Values.

The Journey (2011-2018)

We started our journey in May 2011 and created digital impact measurement, the Social Earnings Ratio, which became the “fastest adopted social impact analysis metric in the world” (The Vatican, 2014). The S/E Ratio, a corollary to the financial P/E Ratio, digitises non-financial value, turns sentiment into financial value, and does it through Fast Data in under 10 seconds. Applied successfully to Social Value Act 2012, Modern Slavery Act 2015, EU Commissions, etc and a plethora of academic commissions, CCEG became the leading provider of SaaS platforms across many sectors, with its own journal Social Value & Intangibles Review.

In early 2016 we moved from just  the measurement of value to the movement of value, adding a transaction of value capability through blockchain. We now have a CCEG Blockchain UN Lab which conducted UK’s first Initial Coin Offering in October 2017 with UK Financial Conduct Authority (FCA) guidance,  an institutional blockchain consultancy and advisory service Rothbadi & Co,  a large IP DLT consortium CyberFutures, and a university educational value forum www.EfficiencyExchange.ac.uk.

Justas Structuras Creare (Creating Just Structures) #goodistrending

Our aim remains to enable open source structural change for good,  having researched 12 Whitepapers, a membership association for Blockchain Alliance for Good, and the world’s first peer reviewed academic journal Frontiers in Blockchain, jointly launched with a mainstream academic publisher.

Development Cycle

Seratio Ecosytem final image

The integrated components of the Seratio EcoSphere are described above with the following easy to read non-technical guides to understand the linkages:

Current Status

Seratio Ecosystem - circles

The system as a whole is 85% complete (green shaded above) at present moment with 100% expected by October 2018. Originally expected to complete by July 2018, the additions of the DAF and Exchanges has extended the timescales a further 2-3 months. Although the securities financial exchange (yellow shaded above) will take further still with Swiss FINMA approval required, the security asset exchange is not an immediate requirement for day one as many others exist which we can use.

Moving Forward with Partners

With the end of the visioning and development cycle, comes a new challenge as we move into pilots and trials of our MVP to test and improve the Seratio system. We have in place already one pilot with a UK brand Mencap which has been delayed now to December 2018 due to their financial constraints, several demo’s and launches in November 2018 in Amsterdam and June 2019 in Copenhagen with Informa Plc (FTSE 100), as well as city launches in Taizhou (August 2018), Yiwu (October 2018), and country launches in Wales (August 2018) and Moldova (November 2018); other partners are now in discussion.

The Seratio Ecosystem is aided by AI to assess the complex analytical data available and to transparently steer consumers becoming their online friend. Similarly for public sector institutions, private sector corporates, civil society NGO’s – and their leaders – to become their values driven guide

As with all the work at CCEG, the Seratio EcoSphere is open source, and part of our contribution towards the United Nation’s 17 Sustainable Development Goals.

If you wish to be a partner please feel free to contact us at blockchain.lab@cceg.org.uk

CHINESE

 

Empowering Consumers in the Circular Economy. Is Blockchain the Missing Link?

The call for a more sustainable economy is not new. It goes back as far as the call for global responses to climate change and the rapid growth of populations associated with the rising scarcity of natural resources. We are living however a momentum of unprecedented favourable alignment of technological, political and social factors that are enabling an effective transition to a more sustainable economy. The term ‘circular economy’ has emerged to represent this new economic landscape which is paving the way for business model innovations that maximise environmental and societal benefits with no detriment to economic gains. In general, the circular economy advocates, inter alia, the creation of production/consumption systems that:

  • Emphasise the delivery of functionality and experience (value in use), rather than product ownership;
  • Build upon collaborative or shared consumption approaches;
  • Create closed-loop or cascading (open-loop) value chains where recycling, remanufacturing, repair and reuse processes substitute or minimise disposal processes.

An increasing number of businesses are already implementing one or more of the initiatives above, which are fundamentally based on the prolonged use of products. This is the central point I would like to draw your attention to.

The role that end consumers can play to prolong the life span of products is not just a consumption issue, it is also a supply issue in the sense that consumers can potentially supply other consumers or businesses with products that can be further used, repaired, remanufactured or recycled.

There are actually digital platforms where consumers can make their assets and even their skills available to the market (e.g. ebay, Airbnb and taskrabbit). But these business models are third-party centralised marketplace systems that control the flow of information and currency between the parts involved. 

Another limitation for consumers is that a number of current circular economy business models are still primarily focused on the firm, relegating the end consumer to roles such as use or share and the subsequent separation of products or waste for reuse or refuse collection. This wastes consumers’ capability and effort which an effective circular economy should co-opt.

Co-opting the consumer’s capabilities and skills has the potential to transform regenerative product-service systems and accelerate the shift towards the circular economy. The main question is: How can consumers be empowered to engage and participate more actively in product reuse and recovery processes? Blockchain seems to be the key enabler to significantly empower consumers for the circular economy.

The advent of the blockchain technology offers unprecedented opportunities for circular economy business models geared by peer to peer (P2P) networks. Digital ‘blockchain-enabled’ platforms allow P2P transactions to takes place on the cloud without third-party intermediaries. That is, consumers can engage in transactions and securely pay each other directly, without intermediaries, through a decentralised and globally distributed blockchain network. By enabling consumers to circulate and recapture value from their underused assets, blockchain platforms have the power to significantly catalyse the shift from the linear to the circular economy.

The opportunities that can be created with the support of the blockchain technology are limitless, including the value one can attach to the currency, or coin, used in blockchain marketplaces. Currency value is no longer limited to hard tangible financial value. Intangible social and environmental values can also be attached to an ‘extra-financial’ coin that connects socio-environmental value to financial value. The main challenge is to define the metrics to represent intangible values. Pioneering initiatives to tackle this issue are already in place. The CCEG Blockchain UN Lab has been developing projects aimed at enabling transactions of intangible and non-financial values using a unique combination of blockchain technology. You are welcome to take this challenge with us, helping to shape the new marketplaces for the circular economy.

As an example, follow this interactive prezi http://ow.ly/A34u303S4wa or watch video of Circular Economy in a city context