Difference between revisions of "Sensorica"

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==Value Accounting in Sensorica==
 
==Value Accounting in Sensorica==
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Tiberius Brastaviceanu:
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"We need to make the distinction between co-creation of value and value exchange. These are two important processes but very distinct ones.
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Sensoricans are working hard to solve the value accounting problem, which is meant to support large scale co-creation of value. The value accounting is a way to capture individual contributions that blend into a unique product, to evaluate these contributions, and to compute equity in the end product, a % for every member.
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NOTE the value accounting system is NOT a system that objectifies value and it is not a bean counting system! It is a contract, a method to which all contributors adhere to reassure every contributor about how the future revenue will be redistributed. That's it! It preserves the subjective nature of value, it can take, in theory, into consideration all types of value, tangible and intangible. 
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Once the product is made it is exchanged, and this is where you need currencies, or systems of value exchange.
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Again, value accounting for co-creation of value and value exchange are two different things in my mind. These two systems must interact with each other, but we need to see them as separate. One is designed to manage the amalgamation of value from different agents into one product, the other one is designed to facilitate value exchange between different agents, with no value added in the process."
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(email  November 2012)
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'''1.'''

Revision as of 16:08, 8 November 2012

= Optical sensing solutions delivered by an open, decentralized, and self-organizing Value Network.

URL = http://www.sensorica.co/


Description

"SENSORICA is an open, decentralized, self-organizing value network, a commons-based peer-production network, focused on designing sensing and sensemaking technology.


Mission: SENSORICA value network is committed to the design and deployment of intelligent, open sensors and sensemaking systems, which allow our communities to optimize interactions with our physical environment and realize our full human potential.


There are two tracks of innovation within SENSORICA: sensing technology and the value network model. The first is about designing and manufacturing products (sensor devices) to be exchanged on the market (see products). The second is about designing and implementing a new organizational model (see value networks). [NOTE: This is about to change, a new value network is about to be formed to focus only on the development and deployment of the value network model. SENSORICA will remain a value network focused on sensing and sensemaking technology - note added on August 31, 2012]


As an organization, SENSORICA

  • is designed to facilitate the creation and the exchange of value.
    • facilitates cooperation and co-creation.
    • secures transactions and reduces transaction costs.
    • allows transactions of assets other than fiancial
  • is decentralized
    • the process of decision-making is distributed.
    • it is NOT based on power-relations, it is a value-based network.
    • resource allocation is bottom-up
  • has a very low barrier to entry; it is open in that sense.
  • allows free individual initiative.
  • has an adaptive structure, constantly changing with respect to internal and environmental conditions.


SENSORICA is partially a market economy and partially a gift economy. We find solutions to problems and exchange products and services on the market. But individuals and organizations are also allowed to initiate projects that are mostly passion-driven, without expecting a financial compensation. SENSORICA offers the right balance between passion and duty, between freedom and constraint.


  • An ethical and humane organization, by its nature.
  • A locus of practical knowledge about sensing.
  • An organization tuned for the know how economy
  • An organizations producing Commons.
  • We bet on speed to market and flexibility rather than protection.
  • We achieve speed by embracing open innovation through a network-to-teams structure.
  • We build capacity by network affiliation / association.
  • We are only limited by our ability to coordinate our global network.
  • We use a contribution-based compensation model."

(http://www.sensorica.co/home/about-us)

Governance Systems

"Our open, decentralized and self-organizing value network requires a sound value accounting system, a fair reputation system and an accurate role assigning system.

  • The Value Accounting System records and evaluates every member's input. Revenues are calculated in terms of member's contributions. This system outputs a map of value sources and of the value flow distribution.
  • The reputation system incentivizes good behavior within our community and helps to focus attention. It plays an important role in the creation and the flow of value within the network by filtering participants to adequate tasks. It also informs the service system. See more on our Reputation System document.
  • The role system incites voluntary subordination; it plays an important role in self-organization. It also informs the service system. See more on our Role System document.


These three sub-systems (in conjunction with others) are necessary to induce tight self-organization within an open and decentralized value network like SENSORICA, and to render the network creative and productive.

The Value, Reputation and Role systems interact with each other." (http://www.sensorica.co/home/working-space/value-reputation-roles)


The current value accounting systems logs the following data [1]:

  1. Time contributions
  2. Financial contributions
  3. Material contributions
  4. Space contributions (not implemented yet)
  5. Contributions with social capital (not implemented yet)

Discussion

Value Accounting in Sensorica

Tiberius Brastaviceanu:

"We need to make the distinction between co-creation of value and value exchange. These are two important processes but very distinct ones. Sensoricans are working hard to solve the value accounting problem, which is meant to support large scale co-creation of value. The value accounting is a way to capture individual contributions that blend into a unique product, to evaluate these contributions, and to compute equity in the end product, a % for every member.

NOTE the value accounting system is NOT a system that objectifies value and it is not a bean counting system! It is a contract, a method to which all contributors adhere to reassure every contributor about how the future revenue will be redistributed. That's it! It preserves the subjective nature of value, it can take, in theory, into consideration all types of value, tangible and intangible.

Once the product is made it is exchanged, and this is where you need currencies, or systems of value exchange.

Again, value accounting for co-creation of value and value exchange are two different things in my mind. These two systems must interact with each other, but we need to see them as separate. One is designed to manage the amalgamation of value from different agents into one product, the other one is designed to facilitate value exchange between different agents, with no value added in the process." (email November 2012)


1.

"We are taking an iterative approach to solve the value accounting problem and to design and implement a sound value system, which allows individuals and small organizations to collaboratively create and distribute value. The main role of the value accounting system is to track different types of contributions, like time, financial, material..., and to compute a revenue share for all contributors, based on individual contribution. This is the core of the value accounting system. This is what it takes to transition from the social web to the collaborative/value producing web. This is what it takes to transition to a new economy, a p2p economy.

In order to make value networks self-organize into creative and productive entities we need more than a sound value system. We are in fact developing the entire infrastructure of value networks, which includes communication, coordination and collaboration tools, a reputation system, a role system, an incentive system, a feedback system, a service system, a materials management system, a project/tasks management system, and many other modules. All these components interact with each other and form an empowering environment for contributing member to express their passions, exchange and collaborate to create value.

We are not just dreaming about this. SENSORICA is sustaining a continuous growth in value and in potential since its inception. It is the living proof of viability for the value network model." (http://www.sensorica.co/value-networks)


2.


"Our open, decentralized and self-organizing value network requires a sound value system (accounting and exchange), a fair reputation system, a role system, a feedback system, and an incentive system.


  • The value accounting system records and evaluates every member's contribution. Revenues are calculated in terms of member's contributions. This system outputs a map of value sources, points of consumption and transformation, as well as the value flow distribution.
  • The value exchange system insures exchange of value among SENSORICA members.
  • The reputation system incentivizes good behavior within our community and helps to focus attention. It plays an important role in the creation and the flow of value within the network by filtering participants for adequate tasks. It also informs the service system. Reputation can also affect revenue in a direct way, if taken into account in value equation.
  • The role system guides voluntary subordination; it plays an important role in self-organization. It also informs the service system.
  • The feedback system
  • The incentive system


All these systems are necessary to incentivize activity, to induce tight self-organization within SENSORICA value network, and to render the network creative and productive. These systems are also designed for network-to-network interface.

The architecture will be modified to fit with the diaspora paradigm, see Value Networks - moving forward.

Another important aspect of value networks is the commons." (https://docs.google.com/document/d/1fERNK99y_3aMx5XgGirRa_76WMz3WhEInWORJ7zfBqg/edit#)

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