Examples of forward-looking benefit distribution algorithm - Revision history

TiberiusB at 18:05, 26 August 2026

2026-08-26T18:05:06Z

TiberiusB at 16:56, 1 May 2024

2024-05-01T16:56:18Z

TiberiusB: /* SENSORICA's PV Characterization project */

2024-05-01T16:45:34Z

SENSORICA's PV Characterization project

TiberiusB: TiberiusB moved page Examples of Forward looking value equation to Examples of forward-looking benefit distribution algorithm: languag has changed, replace value equation with benefit distribution algorithm

2024-05-01T16:43:32Z

TiberiusB moved page Examples of Forward looking value equation to Examples of forward-looking benefit distribution algorithm: languag has changed, replace value equation with benefit distribution algorithm

imported>TiberiusB at 06:54, 12 July 2015

2015-07-12T06:54:27Z

New page

This page presents examples of Forward looking [[value equations]] implemented by different OVNs.

: '''Forward looking''' applies best to economic processes (ventures) for which the [[revenue]] is already known beforehand or at least approximated, for which the deliverable is known or at least predictable, have a budget and a planning for their execution. One example is a service requested by another entity. Another example is a donation or a grant to realize something. In this case, the % of total revenue for every contributor is calculated based on a projection of [[contributions]], evaluated against a plan.

In these cases, the entity that issues the service request needs to be reassured that the resources it commits to it will be properly allocated, that the work is going to be done according to requirements and in time. The way [[SENSORICA]] sought to mitigate the risk perceived by the external entity was first, to separate the project into different Milestones, for example: design considerations, design, prototyping and production. The external entity will release resources (funds or others) one milestone at the time, and can revoke the service request after each milestone, if it is not satisfied with the work done. Second, a budget and a plan of activities for every milestone are created. The entire budget was split into milestones and further split into different types of activities, like Outreach, Coordination and Facilitation, Technical activities (mechanical and electronic design and software development, ...).

=SENSORICA's PV Characterization project=
[http://www.queensu.ca/ Queen's University] commissioned [[SENSORICA]] to develop an open source scientific instrument ''with the highest social impact'', for $20,000. [http://www.sensorica.co/home/what-we-do/projects/pv-characterization Open project page]. This is an example of a service request, with a price tag attached to it. Open the [https://docs.google.com/spreadsheets/d/1WtMcgn96mZZbb8nZ14ywIjrIZ6MPW5pc8zmueae0IqY/edit#gid=0 budget]. You can see the value equation [https://docs.google.com/document/d/1X5hDWzrneU-Nw95UTeHhydJKHfAROx2-_A2Sr9n9vMI/edit HERE].

'''About the relation between Queen's University and [[SENSORICA]]''': One can model this relation as a client - service provider. It is in some sense, but the classical understanding of this relation doesn't hold properly in this case. It is in fact a 4 parties relation:
* the University, entity requesting a service
* the [[SENSORICA OVN]], through which the service is provides
* a [[Custodian]], the interface between the SENSORICA OVN and the University
* the world, the global society, which will be the beneficiary of the service, along with the University
The goal of this project is to create an open source scientific instrument ''with the highest social impact''.

'''About the flow of funds''': The funds go from Queen's University to [https://sites.google.com/site/acescakecanada/home CAKE], the [[Custodian]] of [[SENSORICA]] Montreal. The arrangement here is to create a device that Queen's University will use, but also to create social value, by making it open source and by building a community around it. CAKE plays the role of [https://en.wikipedia.org/wiki/Fiscal_sponsorship fiscal sponsor], transferring the $20,000 fund to a network (SENSORICA affiliates) that executes the task.

=SENSORICA's Barda project=
Ateliers Barda commissioned SENSORICA to design an electronic imaging system. See more on [http://www.sensorica.co/home/what-we-do/products/offered-services/barda-periscope-project Barda periscope project]. Open the [https://docs.google.com/document/d/10pWHBKaQ7Kp8UihaOlLKIEXe-9CafcdPgZ_VSaPmfCE/edit# Value Equation agreement].

'''About the relation between Queen's University and SENSORICA''': This relation is of a type client - service provider, but it is in fact a 3 parties relation:
* Barda, a client requesting a service
* an [[Exchange firm]] to interface with the client
* The SENSORICA OVN, through which the service is provides

'''About the flow of funds''': The funds go from an [[Exchange firm]], in this particular case [http://www.xblix.ca/ XBLIX], which transfers the funds to a network (SENSORICA affiliates) that executes the task.

.

← Older revision		Revision as of 18:05, 26 August 2026
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	: '''Forward looking''' applies best to economic processes or [[ventures]] for which the [[revenue]] is already known beforehand or at least approximated, for which the [[deliverable]] is known or at least predictable, have a [[budget]] and a [[planning]] for their execution. One example is a service requested by another entity. Another example is a donation or a grant to realize something. In this case, the % of total [[revenue]] for every contributor is calculated based on a projection of [[contributions]], evaluated against a plan.		: '''Forward looking''' applies best to economic processes or [[ventures]] for which the [[revenue]] is already known beforehand or at least approximated, for which the [[deliverable]] is known or at least predictable, have a [[budget]] and a [[planning]] for their execution. One example is a service requested by another entity. Another example is a donation or a grant to realize something. In this case, the % of total [[revenue]] for every contributor is calculated based on a projection of [[contributions]], evaluated against a plan.

		+
		+	The ''past-looking'' scheme requires ledgers to record economic activity and relies on validation as truth: what has been recorded has happened. See [[Examples of past-looking benefit distribution algorithm]].

	In these cases, the entity that issues the service request needs to be reassured that the [[resources]] it commits to it will be properly allocated, that the work is going to be done according to requirements and in time. The way [[Sensorica]] sought to mitigate the risk perceived by the external entity was first, to separate the [[project]] into different Milestones, for example: ''design considerations'', ''design'', ''prototyping and production''. The external entity will release resources (funds or others) one milestone at the time, and can revoke the service request after each milestone, if it is not satisfied with the work done. Second, a [[budget]] and a [[plan]] of activities for every milestone are created. The entire [[budget]] was split into milestones and further split into different types of activities, like ''Outreach'', ''Coordination and Facilitation'', ''Technical activities'' (mechanical and electronic design and software development, ...).		In these cases, the entity that issues the service request needs to be reassured that the [[resources]] it commits to it will be properly allocated, that the work is going to be done according to requirements and in time. The way [[Sensorica]] sought to mitigate the risk perceived by the external entity was first, to separate the [[project]] into different Milestones, for example: ''design considerations'', ''design'', ''prototyping and production''. The external entity will release resources (funds or others) one milestone at the time, and can revoke the service request after each milestone, if it is not satisfied with the work done. Second, a [[budget]] and a [[plan]] of activities for every milestone are created. The entire [[budget]] was split into milestones and further split into different types of activities, like ''Outreach'', ''Coordination and Facilitation'', ''Technical activities'' (mechanical and electronic design and software development, ...).

@@ Line 1: / Line 1: @@
-This page presents examples of Forward looking [[value equations]] implemented by different OVNs.
+This page presents examples of forward-looking [[benefit distribution algorithm]] implemented by different OVNs.
-: '''Forward looking''' applies best to economic processes (ventures) for which the [[revenue]] is already known beforehand or at least approximated, for which the deliverable is known or at least predictable, have a budget and a planning for their execution. One example is a service requested by another entity. Another example is a donation or a grant to realize something. In this case, the % of total revenue for every contributor is calculated based on a projection of [[contributions]], evaluated against a plan.
+: '''Forward looking''' applies best to economic processes or [[ventures]] for which the [[revenue]] is already known beforehand or at least approximated, for which the [[deliverable]] is known or at least predictable, have a [[budget]] and a [[planning]] for their execution. One example is a service requested by another entity. Another example is a donation or a grant to realize something. In this case, the % of total [[revenue]] for every contributor is calculated based on a projection of [[contributions]], evaluated against a plan.
-In these cases, the entity that issues the service request needs to be reassured that the resources it commits to it will be properly allocated, that the work is going to be done according to requirements and in time. The way [[SENSORICA]] sought to mitigate the risk perceived by the external entity was first, to separate the project into different Milestones, for example: design considerations, design, prototyping and production. The external entity will release resources (funds or others) one milestone at the time, and can revoke the service request after each milestone, if it is not satisfied with the work done. Second, a budget and a plan of activities for every milestone are created. The entire budget was split into milestones and further split into different types of activities, like Outreach, Coordination and Facilitation, Technical activities (mechanical and electronic design and software development, ...).
+In these cases, the entity that issues the service request needs to be reassured that the [[resources]] it commits to it will be properly allocated, that the work is going to be done according to requirements and in time. The way [[Sensorica]] sought to mitigate the risk perceived by the external entity was first, to separate the [[project]] into different Milestones, for example: ''design considerations'', ''design'', ''prototyping and production''. The external entity will release resources (funds or others) one milestone at the time, and can revoke the service request after each milestone, if it is not satisfied with the work done. Second, a [[budget]] and a [[plan]] of activities for every milestone are created. The entire [[budget]] was split into milestones and further split into different types of activities, like ''Outreach'', ''Coordination and Facilitation'', ''Technical activities'' (mechanical and electronic design and software development, ...).
 =Sensorica's PV Characterization project=
-[http://www.queensu.ca/ Queen's University] commissioned [[Sensorica]] to develop an open source scientific instrument ''with the highest social impact'', for $20,000. [http://www.sensorica.co/home/what-we-do/projects/pv-characterization Open project page]. This is an example of a service request, with a price tag attached to it. Open the [https://docs.google.com/spreadsheets/d/1WtMcgn96mZZbb8nZ14ywIjrIZ6MPW5pc8zmueae0IqY/edit#gid=0 budget].  You can see the value equation [https://docs.google.com/document/d/1X5hDWzrneU-Nw95UTeHhydJKHfAROx2-_A2Sr9n9vMI/edit HERE].
+[http://www.queensu.ca/ Queen's University] commissioned [[Sensorica]] to develop an [[open source]] scientific instrument ''with the highest social impact'', for $20,000. [https://www.sensorica.co/ventures/scientific-instruments/pv-chatacterization Open project page]. This is an example of a service request, with a price tag attached to it. Open the [https://docs.google.com/spreadsheets/d/1WtMcgn96mZZbb8nZ14ywIjrIZ6MPW5pc8zmueae0IqY/edit#gid=0 budget].  You can see the benefit redistribution algorithm [https://docs.google.com/document/d/1X5hDWzrneU-Nw95UTeHhydJKHfAROx2-_A2Sr9n9vMI/edit HERE].
-'''About the relation between Queen's University and [[Sensorica]]''': One can model this relation as a client - service provider. It is in some sense, but the classical understanding of this relation doesn't hold properly in this case. It is in fact a 4 parties relation:
+'''About the relation between Queen's University and [[Sensorica]]''': One can model this relation as a client - service provider. It is, in some sense, but the traditional understanding of this relation doesn't hold properly in this case. It is in fact a 4 parties relation:
 * the University, entity requesting a service
 * the [[Sensorica]] OVN, through which the service is provides
-* a [[Custodian]], the interface between the Sensorica OVN and the University
+* a [[Custodian]], the interface between the [[Sensorica]] OVN and the University
-* the world, the global society, which will be the beneficiary of the service, along with the University
+* the world, the global society, which will be the beneficiary of the valuable artifact that is created and released under an [[open source]] license, along with the University
-The goal of this project is to create an open source scientific instrument ''with the highest social impact''.
+After all, the goal of this [[project]] is to create an [[open source]] scientific instrument ''with the highest social impact''.
-'''About the flow of funds''': The funds go from Queen's University to [https://sites.google.com/site/acescakecanada/home CAKE], the [[Custodian]] of [[Sensorica]] Montreal. The arrangement here is to create a device that Queen's University will use, but also to create social value, by making it open source and by building a community around it. CAKE plays the role of [https://en.wikipedia.org/wiki/Fiscal_sponsorship fiscal sponsor], transferring the $20,000 fund to a network (Sensorica affiliates) that executes the task.
+'''About the flow of funds''': The funds go from Queen's University to [[CAKE]], the [[Custodian]] of [[Sensorica]] Montreal. The arrangement here is to create a device that Queen's University will use, but also to create ''social value'', by making it [[open source]] and by building a community around it. [[CAKE]] plays the role of [https://en.wikipedia.org/wiki/Fiscal_sponsorship fiscal sponsor], transferring the $20,000 fund to a network (i.e. to Sensorica [[affiliates]]) that executes the task.
-=SENSORICA's Barda project=
+=Sensorica's Barda project=
-Ateliers Barda commissioned SENSORICA to design an electronic imaging system. See more on [http://www.sensorica.co/home/what-we-do/products/offered-services/barda-periscope-project Barda periscope project]. Open the [https://docs.google.com/document/d/10pWHBKaQ7Kp8UihaOlLKIEXe-9CafcdPgZ_VSaPmfCE/edit# Value Equation agreement].
+Ateliers Barda commissioned Sensorica to design an electronic imaging system. See more on [https://drive.google.com/drive/folders/0BzrQyEif2HIteHAzRjNvXzVIV2M?resourcekey=0-NGqgvGwjG9YS2D34vJuhtg&usp=drive_link Barda periscope project]. Open the [https://docs.google.com/document/d/10pWHBKaQ7Kp8UihaOlLKIEXe-9CafcdPgZ_VSaPmfCE/edit# Benefit distribution agreement].
-'''About the relation between Queen's University and SENSORICA''': This relation is of a type client - service provider, but it is in fact a 3 parties relation:
+'''About the relation between Barda and Sensorica''': This relation is of a type client - service provider, but it is in fact a 3 parties relation:
 * Barda, a client requesting a service
 * an [[Exchange firm]] to interface with the client
-* The SENSORICA OVN, through which the service is provides
+* The [[Sensorica]] OVN, through which the service is provides
-'''About the flow of funds''': The funds go from an [[Exchange firm]], in this particular case [http://www.xblix.ca/ XBLIX], which transfers the funds to a network (SENSORICA affiliates) that executes the task.
+'''About the flow of funds''': The funds go from an [[Exchange firm]], in this particular case [http://www.xblix.ca/ XBLIX], which transfers the funds to a network (Sensorica affiliates) that executes the task.