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CCEG SOCIAL VALUE & INTANGIBLES REVIEW

Measuring and Transacting Social Impact and Value:

Introducing CCEG Blockchain UN Lab and Sustainable Development Goals by Dr Rebecca Fakoussa Senior Lecturer, University of Northampton CEG Blockchain UN Lab makes enterprise level tools and capability available to a broader audience by measuring impact, translating impact, transacting impact and reporting impact. This idea and its meaning are discussed in this article based on their third Whitepaper Proof-of-Impact Transactions (github. com/seratio/whitepaper).

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If, 20 years ago, anyone had predicted that in 2017 you would be able to turn on a smart phone and see as well as hear your friends, family or colleagues in any part of the world by simply swiping your hand-held device – you might have considered it impossible. Yet, now at a time of rapid technological change, the next revolution is already happening. One of the organisations leading the way is the Centre for Citizenship, Enterprise and Governance (CCEG). This prominent international Think Tank focusses on the Movement of Value and is a not-for-profit organization, that is a spin-out from a UK university. Since its conceptual beginning in 2011, CCEG has been trying to measure the impact value (social value and supply chain transparency) across the scale by being able to offer a connection between good local and good world. They successfully demonstrated the path from the individual, to the collective and its impact linking to ever larger scales. Using this, they have successfully influenced laws internationally, such as Corporate Social Responsibility, Procurement to name a few.

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Now, CCEG has continued to develop at exciting speed. They have built a complex theoretical framework to build on the idea of capturing value to transacting value. CCEG Blockchain UN Lab further developed this idea by measuring impact, translating impact, transacting impact and reporting impact to a broader audience. Using a Social Earnings Ratio® and Blockchain, they are able to measure beyond the individual key performance indicators that a standard intervention would expect, and deliver the full value impact of a program. This means both the targeted goals and each of the Sustainable Development Goals (SDG) can be measured, evaluated and traded.

Is it really that hard to measure ‘value’? The systematic issues in the social value and impact sphere have been due to the lack of consensus concerning how to measure, what to measure and on which scale – this has led to many measures being created which overall appeared slow or resource-intense and were rarely sustainable leading to arguably ineffective measures which were hard to compare. CCEG looked at the movement of value influencing parameters, and how they are measured and defined a currency of intangible non-financial value. Having a value for intangible measures, CCEG proposed that this can now be used similarly to the system for tangible financial value. Using a combination of two rapidly increasing industries; Social Innovation and Fintech Innovation, they have innovated to understand how economic resources achieve non-financial goals. Developments in Blockchain Technology which is revolutionary in the transmission of value (currently

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Profile for CCEG

Social Value and Intangibles Review February 2017  

CCEG Social Value & Intangibles Review (SVIR) – February 2017 Centre for Citizenship, Enterprise and Governance journal on Social Impact and...

Social Value and Intangibles Review February 2017  

CCEG Social Value & Intangibles Review (SVIR) – February 2017 Centre for Citizenship, Enterprise and Governance journal on Social Impact and...

Profile for seratio