Thursday 20 February 2020

BCU Business School joins forces with CCEG research hub

BCU’s Birmingham City Business School is to form an exciting partnership with the Centre for Citizenship, Enterprise and Governance (CCEG) in order to conduct research into emerging technologies such as 5G and Artificial Intelligence (AI).
The CCEG was established in 2013 as a university research hub for investigating the measurement and application of social value.
The initiative will be headed by BCU Visiting Professor of Blockchain Olinga Taeed, a former special adviser to former Prime Minister David Cameron.
Professor Taeed is Director of CCEG, the world’s leading not-for-profit think tank on the movement of value with 165,000 members, which has pioneered the internationally-recognised Social Earnings Ratio.
The partnership will see Professor Taeed collaborating with the Business School, within the Faculty of Business, Law and Social Sciences.
In addition to 5G and AI, areas of collaborative research will include the business application of Distributed Ledger Technology (often called blockchain) and the Internet of Things.  
Professor Taeed said: “I’m delighted to work alongside the BCU Business School. Fourth Industrial Revolution Technologies is in high demand, not just for digital businesses but for the new post-HS2 world that BCU has such a close proximity to, both physically and symbolically.”
Director of Birmingham City Business School Professor Nassim Belbaly said: “This is an innovative partnership that will not only enhance our academic excellence, but will also be beneficial to our students, our staff and our partners in the business community.”
Pictured: Professor Olinga Taeed and Professor Nassim Belbaly

[Published February 20, 2020, Created by BCU Marketing and Communications]

Tuesday 10 September 2019

Transition to Postcapitalism

Introduction one: “Transition to Postcapitalism”

As the time for postcapitalism has begun, several problems ask for a solution. How to stop companies and multinationals from becoming too powerful? Amsterdam has FairBnB and the FairPhone. Barcelona established the right to publish data as a public good. Rushkoff thinks a solution is to give every employee shares of the company she works for. Big data, gathered in China by the BAT trinity and in many other countries by Google, do not serve the citizens directly. Sassen shows a way for citizens to behave more according to their own values, with a personal valuation system. And by valuating products and services, companies and multinationals show up in search engines only when their behavior matches the citizens` social values. Ta’eed shows that such social values can be tokenized, establishing social value coins. A UBI (universal basic income) is, according to Sassen, a logical necessity. UBI-Vault has been made to distribute such a basic income automatically. Valuations, reputation, digital money and social value coins, can best be stored, according to Sassen, on what he calls Citizens` Islands, digital islands in the cloud, secured with blockchain technology. (R. S.)

Introduction two: “to a new way of Trading and Sharing”

Money traditionally was established as an easier way of exchanging goods. Over time it has become a goal in itself, which has made it vulnerable to abuse. With the arrival of the internet, money has changed appearance: bitcoins are being introduced, but there is no stability there, nor enough connection with the coins as we know it.

A new bridge can be made between real time money and virtual money and, with a view to the future in which people will be less needed for certain jobs since robots will take over and give people more time for themselves, a new way of distributing money: a universal basic income (UBI).

As a first, privacy and security must be secured. For this Citizen’s Islands are invented: digital secure islands in the cloud. Private information, digital money and social value coins can be stored there safely and shared according to your own rules and values. Next to this, a simple automatic UBI distribution system is introduced. (S. K.)

Part 1 is about social value coins and projects, validation and reputation, and a basic income.

Part 2 is about social value exchanges, a social value distribution system and UBI as a social value project.

Part 3 is about Citizen`s Islands and Company`s Islands, how coins and reputation can be decentralized stored.

Part 4 is about how to achieve this (some say utopian) vision: Possible Pathways.

Part 5 is showing some consequences.

 Transition to Postcapitalism 1

Social value coins and projects, procurement validation and reputation, basic income.

Democracies are losing more and more power to multinationals, away from the people.

Unfortunately multi-national legislation is rare. But we have the option to decentralize power.

Power to the people? How can we achieve this voluntarily?
One option is to found communities. Another one is to let every citizen vote about how multinationals deal with social values. Let citizens vote about their products and services. Make a decentralized publication platform with ratings.

So you want to establish a reputation network?
Yes. And at the same time you also make use of social value coins. Olinga Ta'eed  brought us the vision of a social value index and social value coins. In your wallet you can have US dollar and US dollar+, the latter meaning a social value US$. You can choose a restaurant where a pizza costs 10 US$, or another restaurant, with healthy ingredients, where staff is treated well, and where environmental issues are being taken care of; here the pizza costs 8 US$ and 2 US$+.

But the other restaurant will immediately adjust their prices to include US$+ or not?
No, they cannot do that. Only customers have the option to evaluate the meals, the staff and the environment. When the social value network (a blockchain computer programme, a.k.a. smart contract) allows the restaurant to use US$+, the paying app will accept social value money.

How do we get US$+?
You can buy them (for example 1 US$+ costs 2 US$), receive them as gift or as part of your salary. Companies can contribute to social values by buying social value coins (US$+, Women`s coin, Islamic coin, UN SDG coin,  City coin, Edu coin, Carers coin, Water coin: link) and give them to their employees.

And where can we buy these social value coins?
From a non-profit exchange: the Seratio Bank.

And where does the surplus go? The extra US$?
The extra US$ goes to social value projects. For example to volunteers: people can register to be a volunteer, their volunteer hours are automatically registered. Other examples of social value projects: libraries, art institutes, hospitals, schools or a Universal Basic Income (UBI).

That’s it?
When you give a tip at a restaurant, or make a donation, you can choose that tip or donation to be used for e.g. a universal basic income, volunteers, or a social value coin. A basic income can consist of €, €+  (or $ and $+) as well as other social value coins, to be distributed among citizens worldwide.

Transition to Postcapitalism part 2

Seratio Bank and UBI-Vault     

Social value exchanges, social value distribution system, UBI as a social value project.

In part one we have seen that there are tangible and intangible assets, there are coins for money and coins for social value projects. Money coins can be exchanged in social value coins and vice versa.

To distribute coins to citizens we make use of blockchain security technology. Transactions and coins are then stored in immutable blocks. Companies and citizens can digitally transfer coins from A to B without intermediaries like banks. Citizens can use their phone apps to pay with. In case of apps or shops demanding fiat money, an exchange can be used to change coins to fiat money. Also when companies, governments, organizations and citizens are going to make a donation in fiat money to social value projects, an exchange can be used.

To buy cryptocurrencies, like Ethereum or Bitcoin, several companies offer exchange services. 

Where can we buy social value coins?
You can buy social value coins from the Seratio Bank in London.

What kind of bank is that?

What would be a clever way to contribute to these goals?
By supporting a UBI: a Universal Basic Income (UBI) contributes to 11 of the 17 sustainable development goals of the United Nations: TEDx Hilde Latour

How do you distribute a basic income to all citizens on this globe in a simple and secure way?
UBI-Vault, from the Netherlands, does exactly that, it is a UBI distribution system.

Money contributed to the UBI-Vault is automatically distributed among registered citizens.

UBI-Vault uses the Ethereum blockchain network, with the cryptocurrency Ethereum.

A sponsor or contributor to a UBI can use any commercial exchange to convert fiat money in the crypto currency Ethereum and then send it to UBI-Vault, however, the exchange fees at the Seratio Bank will be the lowest.

As for now (Sept 3th 2019) UBI-Vault is in beta, you can download the UBI-Vault app from the website and register as a test Universal Basic Income Citizen. At launch there will be just one simple distribution rule: when the amount of money divided by the amount of citizens exceeds the basic income amount (starting at € 7) every citizen receives the basic income amount, automatically sent to their wallet.

Transition to Postcapitalism part 3

Citizen`s Islands and Company`s Islands

Preferences, choices, taste and personal social values can all be stored using secure blockchain technology. When you search for a restaurant, these preferences will be included in your search.

Where are my preferences and social values stored?
A Citizen`s Island is your personal storage place on the secure blockchain.

You found a restaurant, in accordance with your preferences and social values, enjoy a meal and afterwards your phone asks you to evaluate the restaurant. Your evaluation is stored on your Citizen`s Island, and on the Company`s Island of the restaurant as well.

Which restaurant is allowed to let customers pay with social value coins?
A blockchain computer programme (smart contract) measures automatically the restaurants` reputation, provided by the evaluations of its customers. Depending on a fix threshold, the restaurant is allowed to use and advertise with social value coins. Your search app and paying app reads from the restaurant`s Company Island`s record if it is eligible to support social value coins.

Can I use my Citizen`s Island to store my own reputation, for example driving behaviour?
On your Citizen`s Island, you can activate the option to be personally evaluated as well. Unlike your social values, your evaluations will be read-only for you. You can allow any parties to see your reputation. Some parties will reward you for your info.

Where is my wallet stored?
When you pay in the restaurant, you use your phone, which shows your Citizen`s Island wallet. Your whole Citizen`s Island, your wallet included, is stored on the secure blockchain. The same wallet is used to receive money coins, social value coins, possibly your salary and/or your UBI (universal basic income). Your wallet on your Citizen`s Island is provided with an automatic exchange and allows you to pay with apps on your phone seamlessly. Your wallet can contain fiat money stored as digital money, social value coins or cryptocurrencies.

How can a company influence its reputation?          
When a company contributes to, for example, the UBI-Vault, this contribution will automatically be distributed among citizens as a Universal Basic Income, and thus contributes to 11 of the 17 sustainable development goals of the United Nations. On the Company`s Island reputation site, the reputation is adjusted accordingly. Also any other contribution of the company will be added. Your search app will label the company`s products and services in line with their reputation. Your search-results will be a match between your social values and preferences, and the companies` reputation.

Possible Pathways

To Social Value Coins and Reputation, and their Storage on a Blockchain

1 UBI 
2 China
3 Facebook
4 Arabia
5 UN /IMF /Worldbank

  1. UBI-Vault is a simple basic income distribution system: money goes in and is distributed among citizens. Money can come from voluntarily contributions by multinationals, from sponsors, and from companies without owner (AI DAOs). As many people will want to register for free money, there will be a large market for third parties. They can add extra services to the registered citizens, like for example a Citizen`s Island.

  1. From the Chinese government's Plan for Implementation, the social credit system, SCS, is due to be fully implemented by 2020. Once implemented the system will manage the rewards, or punishments, of citizens on the basis of their economic and personal behaviour. A Citizen`s Island and Company`s Island technology will be easier to implement, maintain and extend, for the collection of information. Now the Chinese Government uses big data from the BAT trinity, and monitoring people`s offline behaviour with cameras. Not all is as bad as we think, according to the article How the West Got China's Social Credit System Wrong. With Citizen`s Islands and Company`s Islands it is easy to reward citizens and companies with social value coins. The provisioning of a basic income, paid by companies (5% UBI contribution), is easy to implement by the Chinese government. See also Can Technology Help China Rebuild Social Trust?

  1. Facebook is launching two “cryptocurrencies” (link) and “it’s the investment token holders who are reaping the returns, not the Libra currency holders” (Billion-Dollar Returns: The Upside of Facebook’s Libra Cryptocurrency). Adaption of Libra will be much faster when the Libra foundation decides to contribute let`s say 50% of the returns to UBI-Vault (25%) and to social value coins (25%). It is possible for a “Social impact partnerto become a founding member of the Libra Association. The Libra association can ask its members to contribute 5% of their revenue to UBI-Vault and social value coins.

  1. Arabia. In the whitepaper of the Seratio Bank we can read on page 35:
a.       “Arab values will be defined by financial instruments for good”. The Arab countries can not only develop such instruments but also make them available to the world.

  1. UN /IMF /Worldbank. Such international organizations can immediately support social value coins, a UBI, and privacy with Citizens` Islands.


A transparent valuation system for companies and citizens will allow the shift in importance from the availability of money to social values. As earthly resources are being transformed by citizens and machines in a basic income and basic services, available as money coins and social value coins, citizens will be freed from the slavery of “bullshit jobs”.

Citizens` Islands will be a trigger for alternative search engines, social media platforms and retailer organizations. Citizens will be able to control their own data, and to use decentralized social media. They will be able to buy goods from retailers corresponding to their social values.

R. Sassen 

Sunday 2 June 2019

Blockchain as Non-Financial Currency: Reengineering our Data Consumption - #HaveMyData

Professor Olinga Taeed PhD FIoD *

Director, Centre of Citizenship, Enterprise and GovernanceCouncil Member and Expert Advisor, Chinese Ministry of Commerce ‘China E-Commerce Blockchain Committee’

This personal data thing, it’s just not working. Some claim that corporates want our data so they can sell stuff to us and governments want our data to control us. But companies retort that if you expect your commercial product to be free, and help create their jobs, economy and services to society, they must be allowed to get to know you to help (others) target you better. Like Google and their gmail, Facebook and their WhatsApp, bankers will tell you that free banking forced them to develop other more convoluted instruments that eventually ruined the world in 2008. Similarly, Sovereign States have a responsibility to protect their population and encourage positive social structures – so they see no problem with tracking our movements, rewarding good behaviours and identifying bad actors. Faced with 1.4 billion population, China openly uses a social credit system and defies ‘Land of the Free’ western ideology that hails individual rights preferring to protect the corpus not the few.

We have become obsessed with our personal data which is in the middle of this battleground but let’s face it, GDPR has failed – nothing has changed except we inanely press more cookie policy buttons and new T&C’s daily. We are happy to be in a selfless open and more sharing society, believe in open data, open source, open banking, but don’t see the incongruency with the rather self centred #MyDataMyWay. Things are set to become even more selfcentric - in blockchain we want to track your data to reward ourselves and to withhold our data if we’re not. Last month I sat in Shanghai whilst an entrepreneur pitched me with a system to token reward contributors of their medical data to resolve long term illness. STOP – what? So you would rather people die than share your data which is of no value to you whatsoever? Even if no remedy was found, your data would have helped create jobs and bring income to their families. So why have we become so possessive with our data and isn’t it misaligned to the open sharing world we are trying to create?

I think the issue is that we mistakenly think of data as a tangible hard asset like money, gold, land … things we can lose and others gain. Actually it’s not – data shows all the hallmarks of an intangible asset, a subject which I have studied for over a decade. Like all intangible non-financial assets, data value is dependent on the holder; you can’t spend it at Starbucks but it can be invaluable in the hands of others. Data transactions are directional – I love you doesn’t mean you love me. Indeed like love, happiness and hope, it is infinitesimally replenishable - you create more data tomorrow – you haven’t lost the asset by giving it.  Afterall we don’t stop smiling at a beggar because we think they’ve taken something from us? By smiling we have given them information about ouirselves – we have told them something about how we feel, the Holy Grail of personal data. We are happy to share with others on social media all about us, our inner beliefs, our core values, and then we’re upset that companies, governments, and others use it to understand or manipulate more efficiently? Doesn’t that happen every day with colleagues, friends, family when we share ourselves with them? What is it that we have lost?

If the dollar is the currency of financial value, I have wanted to know what is the currency of non-financial value. For years I promoted sentiment as the new currency of the millennium but in reality it has become impossible with current technology to come to a consensus on how to measure it. And if you can’t measure, you can’t bill it so all attempts to improve the world based on impact have hitherto failed. In the UK Social Value 2012, UK Slavery Act 2015, 2% CSR Laws in India, Indonesia and Mauritius, most United Nations MDG (and now SDG) initiatives, etc … the world is no better place; data is manipulated to be compliant, with honesty, integrity and compassion the ultimate loser. Data, however, is indeed universally measurable and thus a much better proxy to our intentions. What if we dispense with the misnomer that we can hold back the personal data ocean, and focus on the data transaction. I would be happy for my data to be used by governments, by corporates, by anyone if in exchange they agree to donate their upside (profits, tax, revenues, whatever) to civil society and undertake not to harm anyone in the process, including myself. To do this we would need an immutable ledger to track the use of our data – to tokenise not for personal gain but for societal gain. If you don’t want to surrender your information (which you cannot use in any case) then that is also fine … but don’t expect to receive the upside from the public and private interventions. Only blockchain can do this and provide the transparency for challenges. 

A key differentiator of non-financial transaction is the basis on a social contract – eg in a relationship “you can have my love IF you make me happy, do not harm me or my children” – what we would call a smart contract with social dependencies. Intellectual Property, another intangible, has developed systems like Creative Commons which depend on simple attributes to safeguard the use; something very similar could be developed for our data. Permission to use our data, like a donor card, can be tokenized and withdrawn retrospectively demonstrating our alignment to corporate policy or government strategy, something we define as a Microshare Token. Making data consumption measurable, whether by corporates, governments  or NGO’s makes the impact actionable. 


So in straight forward terms, what am I saying? Here is my data, please use it to get to know me. Try not to harm me ...  and if you promise to use it for good, then I trust you with my data, my thoughts, my life, my hopes and my ambitions. I don’t wish to build a Mexican Wall of my life to repel all those seeking to know me whether for good or not.  It's not my data, I will share it with you freely as I share my love, my happiness and my thoughts. Because I share it doesn't mean I've lost it – I have new data tomorrow representing the new me. It is ever lasting, tomorrow I will generate more love, more happiness and more data. It does not belong to me, I give my IP to you freely to make the world better. Yes you made money by knowing me, or knowing me will make me more vulnerable to political influence. I'm happy for you. I hope it makes the world a better place. So don't pay me, pay society... give them the money you would have given me for my data to others who need it. That is why data and blockchain are a perfect mixture. It's a trustless system where we can share our data, transparently track it, contributing to a decentralized collective responsibility to be distributed to whoever needs it.

So let us put our data on the blockchain, not always insist on payment or recognition, but whomsoever uses the big data agrees by the principles of honesty, integrity, and respect of all those who put it there. And on our behalf, they agree to pay a percentage of the value they create from it to others ... a social tax, a CSR, ... and this we can track ... through the blockchain, and permissioned through a token. Then it is a matter of compliance and not of ownership of our data. Companies decide which charities they pay, say 19% of their profits, and governments can give us 19% tax relief for using our data. Will this work and does anyone care? A straw poll of my children has swayed from my daughter Tigris’s condemnation of what I’m proposing, to my son Vien and spouse Elizabeth who use data to make their life seamless so find data intrusion of benefit in specific situations, to my partner’s daughter Alayna ambivalence “I don’t really care”. A blockchain data system could accommodate these broad spectrum of views.

* Opinions in this article are strictly my own. Art work by Tigris Ta’eed

Monday 25 June 2018

Unprecedented 4 new #altcoins launched 1st July on @theSERatio #SER #blockchain platform resolving #women #student #cryptotrading #housing challenges

Unprecedented 4 new #altcoins launched 1st July on @theSERatio #SER #blockchain platform resolving #women #student #cryptotrading #housing challenges using #token #investment to enable structures for #good #cryptocurrencies with #values #goodistrending

Sunday 29 October 2017



We are excited to announce that the Centre for Citizenship, Enterprise and Governance (CCEG) will be hosting a Token Holders Meeting on Livestream at 1pm GMT, 8th November. This event will come one day after the verified results of the Initial Coin Offering (ICO) are announced on 7th November. All investors are encouraged to attend.

CCEG is a not-for-profit British think tank that has been measuring values since 2011. We firmly believe in accountability, good governance and transparency, and that all Seratio Token holders should have their say. Unlike many ICOs, we have a clear and accessible structure, advisory board, and system of checks and balances that prevents challenges such as those increasingly being reported. This Token Holders Meeting is a chance for us to thank our investors and community for their support during our ICO and to present our vision for the future.

CCEG Directors Barbara Mellish and Prof Dr Olinga Ta’eed will chair the meeting and look forward to speaking directly with members of the Seratio community.

This event will present plans for future development, a progress update on the Seratio alt-coin pipeline and, crucially, to answer questions from the community. As the Seratio community is at the centre of the Seratio Token and the world of Cryptocurrencies with Values, the community will therefore be at the heart of our 8th November Token Holders Meeting.

We are inviting our investors and Bounty community members to submit their questions and ideas about the Seratio Token, the Seratio Platform, future development, Seratio-based alt-coins, and – most importantly – questions about accountability, transparency, and good governance of the Seratio project.

Please submit your questions by the 7th November. We will then collect and prepare your submissions so we can respond to and discuss them at the Seratio Token Holders Meeting the following day.

To encourage as many supporters as possible to submit questions, we are holding a contest for the most interesting, innovative and intriguing questions and ideas about the Seratio Platform and Token project.

There will be six prizes, for the following categories:

1 - The most interesting FUTURE DEVELOPMENT idea or question                 - SER 250
2 - The most interesting TRANSPARENCY idea or question                               - SER 250
3 - The most interesting GOOD GOVERNANCE idea or question                       - SER 250
4 - The most interesting TECHNICAL idea or question                                        - SER 250
5 - The most interesting ALT-COIN idea or question                                            - SER 250
6 - OTHER, the most interesting ideas or questions about anything else!           - SER 250

When submitting your questions or ideas, you will be asked to pick one of the above categories.

We will announce the winners at the Seratio Token Holders Meeting on the 8th November. We look forward to hearing all your interesting and innovative ideas, and most challenging questions!


Go for it! See on the 8th November at 1pm GMT!


The CCEG Seratio Team

Friday 27 October 2017

Seratio ICO at 90% with 5 days to go!

Seratio #ICO at 90% with 5 days to go! Help us achieve last 10% at | + Our Latest News >

Sunday 15 October 2017