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

 

Cryptocurrencies with Values

There is only one thing that the world has in common outside the essentials of food, water, air and heat. We do not agree on values, what is love, or music. Even our attitude towards spirituality, religion, has historically been both unifying and divisive. It is our intangible values that sometimes escalate to wars and killing our fellow man. Sadly, however, tangible assets including money is the only things that is used universally, accepted, and agreed whether in New York or Shanghai, in the middle of the Gobi desert or dealing with your neighbour. We all understand the value of assets, benchmark ourselves and other things with it, and have a sophisticated ways to trade on items based on financial value whether through bartering or using tokens of currency. So when remodelling our interactions and visioning the new world order, why not start with something we can all agree on, and build up from there?

We can see the rolling of eyes and shaking of heads; a new vision of the world built on the worst possible instrument of materiality and lowest common denominator of mankind? The very thing that is blamed daily for the ruin of the world. Money. Representing greed, hedonism, selfish and self-centric behaviours that are universally considered vile and demonised in the press. Hardly in line with what society needs to promote – love, happiness, kindness and transparency. The idea of money to unify the world seems ridiculous and out of step with the positive direction we are heading. But what if money, the universally accepted mediator across mankind, can be injected with values that can be exchanged just as easily as currency? A world where hard tangible financial value and soft non-financial value are interchanged seamlessly and a world build capturing all values inherent within society wherever it may lie or extreme it may be. A circular economy trading value built on our values.

So how can money be injected with values? It already does. Would you accept $5000 for your shirt if it’s paid in KKK Coins? It may offend your values, or you simply think that since you do not associate with the Klu Klux Klan where could you spend the currency? Currency carries both a financial value and represents values attributed towards a community, a set of beliefs, or alignment of values. Perhaps you can spend it with those who share similar values, who possess Trump Coins. What it does is to create a circular economy based on total value, both financial and non-financial value, and the exchange rate or desirability will be dependent on the demand that a vibrant, transactional and cohesive community creates. Fair or not, abhorrent or not, giving voice to those whose values are repulsive to the rest, a new system of currency that encapsulated all our values is equitable and transparent. We will fight in the exchanges, not in the streets, and we give value to all mankind not artificially censor those who we prefer to supress however unpalatable this may seem. It is democracy built on a common fiscal platform following thousands of years of maturation.

The solution is at the centre of the burgeoning 4th Industrial Revolution where Fintech meets Socialtech. The technology is called ‘Blockchain’ and touted as a panacea for all world problems, it nevertheless has some features that truly “smell of teen spirit” – decentralization, democratization, distributed governance and anti-authority. More importantly, the movement of these ‘blocks’ of digital value can carry a vote, a governance layer giving currency the power of consensus. They can integrate smart contracts that determine a transaction of value dependent on third party values. Finally, they can move any kind of value – both financial and nonfinancial – digitally, at a fraction of the cost of existing legacy systems with instantaneous efficiency. Blockchain is promising truly ground breaking evolutions in Humtech, Faithtech, Gendertech, Edutech and many transformative solutions. These articulate through cryptocurrencies which are values based – Women’s Coin, City Coin, EduCoins, Islamic Coin, Leadership Coin, Water Coins, Care Givers Coins, Fashion Coins, EnviroCoins … all contributing to a family of United Nation’s 17 SDG Coins (Sustainable Development Goals) representing us all.

So let’s imagine a world where we all hold multiple coins representing the rainbow of our values and the degree with which we align with different communities. The importance is reflected on how ready we are to exchange our coins for products and services. Whilst the financial value within the SDG family of coins are the same, the non-financial tokens of value are different. The latter is a microshare of provenance of ourselves, products, organisations, projects and processes – which can be earned, exchanged and spent dependent on the degree to which we fulfil the values we ascribe to. In future, the exchange rate between families of coins determines the veracity, passion and demand for those beliefs benchmarked against each other. Afterall, what is the use of holding an ISIS Coin if it’s unaccepted in most retail outlets, but equally minority rights are safeguarded as they can champion their own values and spend it within their own communities irrespective of adoption by others. Evolutionary market forces determine what values survive, what grows, and which values becomes extinct over time.

seratio-coins.world

The reliance is not on fickle regulations, untrusted judiciary, size of our armies, interpretations, aggression or force, votes, politics, economic strength, or subterfuge. The dependence is entirely on our values, and the belief that positive attributes will rise naturally to the fore and less mainstreamed values will find their natural equilibrium in the grander schema. Bad people can do good, good people can do bad, nevertheless all our values need to be recognised, transacted and tested. We all know the currency of financial value, but what is the currency of non-financial value? At last, we have a means to capture that, and to articulate intangible values as robustly as we have learnt to do with hard assets, in order to build a better world but based on reliable and time served systems.