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.

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.


Using Blockchain for sustainability certification for agricultural commodities

In June 2017, the sustainability label provider, UTZ announced a merger with the Rainforest Alliance to issue a single sustainability certification label by 2019. The news was welcomed by stakeholders across the supply chain, including farmers and retailers. For example, Roberto Vélez, CEO of the Colombian Coffee Growers Federation, noted that:

“It should bring great benefits to them, such as being audited against one standard instead of two, thereby making major savings on auditing costs…This should allow coffee growers to invest more efficiently in sustainability and increase their income, hence contributing to their economic sustainability.”

UTZ which had income of just over €19m in 2016, is a program and label for sustainable farming. It provides sustainability certification (for farmers, products and companies), impact measurement, traceability along the supply chain, and training. The Rainforest Alliance is a global nonprofit that works with a range of stakeholders (e.g. large multinational corporations, small, community-based cooperatives, and individuals), whose livelihoods depend on the land, helping them transform the way they grow food, harvest wood and host travelers. The two organisations reportedly certify around 180,000 cocoa, coffee and tea farmers globally. However, their efforts benefits millions.

This merger continues interesting trends and shifts in the sustainability certification field. For example,  Fairtrade International another global sustainability certification provider, has shifted from certification of the end product, to focus on developing partnerships along the supply chain. Similarly, another organisation, SusConnect is also seeking to deliver value along the supply chain.

These shifts and trends in the market are as a result of various factors. While there is a growing market for products certified by major sustainability initiatives (e.g. Fairtrade International, the Forest Stewardship Council, the International Federation of Organic Agriculture Movements and the Roundtable on Sustainable Palm Oil), much of the switch to standard-compliant and certified production is about risk management and brand protection, rather than consumer marketing.

Indeed, within recent years, price premiums have been declining across certified markets. I have written previously about the need for the double bottom line of environmental and economic sustainability. It is easier to do business where there are economies of scale (e.g. in larger, more export oriented economies) that can offer better infrastructure and governance. One of the few exceptions to this rule of economies of scale is cocoa, where certified production is concentrated in less-developed economies (e.g. the Ivory Coast and Ghana), mainly because Africa accounts for around 70 – 75% of global cocoa production.

Not withstanding these issues, there is growth potential in the market through for example, higher productivity, higher-quality products, secure trading relationships and technical support. However, it is likely that there will be further mergers and consolidation, as strategic partnerships are forged to most effectively realise this potential. Blockchain technology could play a key role in the facilitation of these partnerships, as well as in the transfer of the sustainability labels and certificates.

Don’t ask what we gain: ask what we lose.

The case of the digitally poor and how Blockchain can help

Our first Blockchain meeting took place on Friday May 5 at the Innovation Centre. It went well as we were buzzing with ideas and ways in which Blockchain can help across all aspects of human life. Of course a cursory look at the many twitter sites and the growing number of websites dedicated to Blockchain show that the main interest is still within the Fintech word.The legacy of the cryptocurrency is still strong and economically a great disruptive force. Yet, as I argued in the Blockchain Educational Passport: Decentralised Learning Ledger, the 4th Industrial Revolution is not about money, but about people, and about procuring knowledge.

Educational Passport: Decentralised Learning Ledger (DLL)

In this post I would like to draw the attention to and start a conversation about the ‘digitally poor’. In doing this, I will define poverty along the lines of the capability approach and the human development paradigm, as a deprivation of capabilities, that is, opportunities to lead a life each has reason to value. Within this definition of poverty, I argue that the ‘digitally poor’ are going to be those who have no means to show what they know, what they can do, and who they are. The digitally poor are the known unknowns and in a world that is becoming more and more connected and they are islands of disconnection, numbers in statistics at best, or invisible at worst. The post is a starting point and more, I hope, will follow.

Case 1: Ann’s story

Almost 20 years ago I was working as a Learning Teaching Assistant in a secondary school supporting the inclusion of young people with disabilities and learning difficulties. Ann was a 13 years old girl certified as having dispraxia, dislexia, discalculia and, fundamentally, ‘dis’-functional at many levels of basic skills. Yet, Ann could tell my state of mind as soon as I enter the room. She could tune in and empathise at a deep level with the people around her. She was, as far as the school was concerned, a ‘good girl, who tried hard’ but clearly had limited success. In Math, for example, she was still asked to add and subtract to 100. Divisions and multiplications were deemed too hard and nobody mentioned any of the other key mathematical skills a Year 9 should have had. All her school life, she was kept behind without a chance to move forward.

Yet, one morning at one of our weekly meetings we found out that during the previous few weeks Ann had been looking after her mother who had been lying in a dark room and living with depression. Of course, she had also been looking after her younger sister, and the house. She cooked, cleaned, did the shopping, paid the bills, and still came to school to be our ‘good girl’. When I pointed out that in order to do all such things she needed to be able to use math, at least at an intuitive level, and that we could have done something to take this into account, I was told that … well, no, it was not what schools do. Schools are bound to label our children for how well they pass the academic testing. For how well they fit artificially drawn boundaries in our curriculum. Because there was no other way to show what Ann could do, we could not measure her real value as a human being. We were happy to label her as dis-functional, morally inclined to admit that she was kind and caring, but otherwise unwilling to testify her abilities.

Ann is by no means the only child or adult with learning difficulties or disabilities who suffers the injustice of being ‘poor’.

Case 2: Islands in the desert

We have left Beirut and we are steadily climbing the Mount Lebanon Ridge heading toward Hermel at the farthest North point of the Bekaa Valley and less than 30 minutes drive to the Syrian border on the road to Homs. The furthest North you drive the least luscious and fertile the valley becomes until the land between Mount Lebanon and the Anti-Lebanon mountain range is a semi-arid stone landscape.

Stone walls, Hermel

The North Bekaa Valley from Hermel

Yet, among the stones, there is life. I do not refer to plants, insects and other animals. I refer here to human life. Scattered across the Bekaa all the way from Baalbek to the Northern borders, along the main route to Syria, or tucked away on the limits of the horizons are the settlements of Syrian refugees.

Syrian refugees settlement, Bekaa Valley, Lebanon

Syrian refugees settlement, Bekaa Valley, Lebanon

Syrian refugees settlement, Bekaa Valley, Lebanon

Syrian refugees settlement, Bekaa Valley, Lebanon

Syrian refugees settlement, Bekaa Valley, Lebanon

Lebanon has more than 1 million Syrian refugees and by no means are they all settled in the Bekaa Valley. Those who are might not be the best educated, or the ones who had the means to start a new life. They are those who live out of UNHCR’s support mechanisms and who compete for work with the Lebanese in this harsh and unforgiving land. Some might have left with papers showing who they are and what they can do. Others might have left their homes with nothing but the bare necessities. Each one of them has something to give, but they are doubly poor. They are deprived of their homes, money, family, old connections, dignity and above all identity. Uncharted and unknown, they, like many others across the world, inhabit an alternative map of human geography. By all means, they are islands in the desert.

Case 3: More than schooling

Amidst such gloom, there is also hope and education is the key to bringing about change and human development. An example of this is the work carried out by the Ana-Aqra Association. A ‘non-profit, non-sectarian, non-political association founded in 1994 and officially established in 1998’ Ana-Aqra (I  read) runs a number of programmes to enable disadvantaged children to thrive and flourish.

Ana-Aqra school in Baalbek, Lebanon

Ana-Aqra school in Baalbek, Lebanon

One of such programmes is the one I visited in Baalbek, ‘The Children’s Learning Center (CLC) – Al-Madad Foundation‘ which is one of the many initiatives supporting Syrian refugee children. Hosted in old traditional Lebanese house, the Association and the teachers working for them create an environment in which the child is at the centre of learning. For a few hours a day, each child is a person. Not a statistic, not an island, but a human being whose rights to play, to be safe, to be able to read, and to be healthy are enshrined and signed with the colourful prints of the children’s hands.

The children’s rights – Ana-Aqra School, Baalbek

Yet, because they are refugees, they exist only within the safe boundaries of the school. They are known to the few and ignored by the many. Most importantly, they will be the next digitally poor. In years to come, if we do not develop a system to show what they have learned, they will not exist, unable to prove what they have learned to be and deprived of the opportunities to become.

The Blockchain Educational Passport: adding value to our learning

The ones above are just three cases in which a Blockchain Educational Passport can help. I do not go into the details of how Blockchain can work as part of the more comprehensive CCEG Blockchain UN Lab portfolio. This can be found in the Whitepaper 5.0. The point here is to put forward a draft framework for capturing the ‘combined value creation’ as evidence of impact of learning within a knowledge procurement framework.

The figure below shows an initial blueprint combining both the DLL framework and a more traditional procurement cycle framework. While the former focuses on capturing and making visible the intangible nature of both learning and its impact, the latter makes use of available accountability systems related to the procurement of tangible assets. The key innovative approach is to use Blockchhain to map, track and account for all transactions and produce personalised impact ledgers, or Educational Passports, for both the individuals and the organisations involved in the process.

Integrated decentralised learning ledger

One of the key features of the iDLL (Integrated Decentralised Learning Ledger) is its flexibility, adaptability and connectivity across different contexts and domains so as to build a more representative eco-systemic view of value creation and impact.

For example, in the case of Ann, it could be possible to make use of a number of already existing documents assessing her academic value (grades, tests, progress reports, Individual Educational Plan) but also devise indicators for measuring social value (in her case her caring responsibilities). In this way, Ann will not be assessed only in terms of academic value (AV) but also in terms of social value (SV). While AV and SV will be a unique measure of personal value (PV) belonging to Ann alone in the form of a personal wallet, part of either AV or PV can be shared with teachers or the school as they contributed to, or not, to Ann’s PV or part of. The same process can be applied to all students and teachers in the school to arrive to a combined organisational value (OV) measure not dissimilar from the already existing S/E ratio. Blockchain will provide the evidence of transactions (both belonging to individuals and to the school) to be kept in the public ledger.

The same approach can be used not only for schools, but also for any organisation (public or private), universities, businesses, NGOs or other associations. This approach allows for both a permanent record of value creation and for a record of its fluctuation over an individual’s or organisation’s lifetime. In the case of schools, the iDLL can make use of current accountability system (such as Ofsted evaluations), but, most importantly, add to them new criteria and indicators which are currently not applied since they do not fall within the tangible assets framework.

There are of course challenges. First of all is the challenge of identifying and agreeing on indicators of social value and of redefining accepted measures of tangible value. Second is the challenge of building the complex technological infrastructure able to support the increased number of transactions, and in some cases to bridge and combine different accountability systems. Third is the challenge of changing users’ mindset with regard to the usefulness of broadening the information base required to make the final evaluation.

All the above are points for future blogs and discussions. Yet, i believe that we need to start now to think about how we can ensure that there are not digitally poor individuals in generations to come. Devising a new system such as the DLL or iDLL is not just a technical challenge, but a moral priority which has the potential to address current inequity and unfairness.


Tracking progress on sustainability certification


Driven in large measure by the ground breaking outcomes of the United Nation’s (UN) Rio Summit of 1992, on environment and development, and the more recent UN Sustainable Development Goals (SDGs) (which replaced the Millennium Development Goals – MDGs), there has in recent decades, been a growing move towards the development of a number of sustainability/environmental certification schemes. Indeed, the number of such schemes (e.g. for commodities trading), is endless and is somewhat of a mine field, without effective guidance and support.

For example, there are well known designations such as Fairtrade and the Forest Stewardship Council (FSC). However, depending on the commodity, there are others that might provide a ‘better fit’, for example, The Better Cotton Initiative for cotton producers, Bonsucro for sugar cane producers, or the Pro Terra Standard that is primarily focused on soy-derived products. For example, ProTerra is the first certification program in the food and feed commodities sector to respond to the demand for both non-GMO soy and improved sustainability. 

As I have written about in previous articles (e.g. on frugal innovation and shifts towards the developent of market equity portfolios that take account of the future impacts of climate change), there is an increasing drive towards organisations taking account of their social impact. Thus there are a growing number of ‘double bottom line’ companies being developed. For example, the B-labs of which there are more than 1,800 so called B-Corps’ that are committed to producing a measurable social impact.

Without doubt, this increasing move over the past decades towards increased socio-environmental impacts-based initiatives and certification is a good one. However, one question that does arise is how might progress towards these goals best be measured? And how might it be done in a manner that is transparent and with results that are widely available? Could Blockchain serve as possible option?

Blockchain as a Solution for Connected Health Services

The emergence of smart phones, cloud computing, and networking on the Internet has created a type of consumer increasingly accustomed to doing everything using smartphones to check bank balances, purchases, watching movies on mobile devices, etc. From here these consumers wonder why health systems can not provide appropriate applications for similar service using the Blockchain technology. Which led to the emergence of information technology companies working in the field of health that attract investment capital with the flexibility to design applications that meet the needs directly to groups of patients at the same time emerged obstacles for IT companies, notably lack of access to health data with no agreement on how to distribute the resulting economic benefits For smartphone applications and at the same time IT officials in search of the potential of Blockchain technology in health care to answer the following basic questions:
  • Who should pay for applications and electronic services in the field of health?
  • What is the evidence of the effectiveness of the services provided by the application and which are the reason for paying the wages? 
  • What conditions should be available to be the starting point for developing health applications with a business model?
We believe that the Blockchain solution is to strengthen cooperation between health providers and technical companies by enabling the exchange of health data to enable more efficient and adaptive health care delivery. The national health system must take into account that the framework in the area of health care data must be updated from the demand for standardised standards of patient health record to providing data access through application interfaces using Blockchain . The framework of the health electronic services system will be operated by accredited third parties and can be directed by the health system as well.
Blockchain technology can revolutionise the provision of health services, as well as help health systems to boot to reduce the cost of this development, the stakeholders to determine how to distribute benefits and take into account five basic principles:
  • Potential effects of technology on health care systems
  • Organizational changes
  • Secure the correct data
  • Financing electronic health systems
  • Security and privacy of patient data

I have discussed the Connected Health Services in my book, published in 26th March 2017, and for more information please access the ebook through the following link: 

Al-Zoiny, S. and Al-Sherbaz, A. (2017) Connected Health Services in Smart Technologies. UK: Kobo Publisher. 1230001603163.

Blockchain and Procurement

Blockchain is a revolutionary computing concept that has taken the computing community by storm, but in every new technology, there are questions about its security. This one is no different. In the paper to come, potential security threats will of Blockchain be analysed from a technical point of view and examined in a way to find solutions. The security of the cryptocurrency will also play a part in the analysis of Blockchain and the author may contribute to bitcoin’s security in the cryptographic nature. The writtens below are an overview of Procurement, blockchain from the understanding of the author. There may be edited versions to follow.


The acquisition of services, goods and work is the cornerstone of any business. These goods and services have to come from external sources. External to the organisation, institution or charity. The challenge is to find a source appropriate to provide the organisation with the product/ services which meet its needs. Following, the cost need to be agreeable and depending on the value of the purchase, time and contract negotiations need to be considered. “Large public and corporate organisations like to promote choice and greater competition with procurement and acquisition programs. Choice and quality go a long way in business.” (Anon., 2017)

The act of procurement is more than just organisations purchasing goods, or services, it is the building and maintaining of relationships with all sources of the services. Negotiating contracts and transaction prices are all a vital element of procurement. The concept of procurement is “maintaining fruitful long term relationship with suitable supplies”.

Business transactions have been reformed by this concept and are ever growing.

(Problems with procurement)

Procurement offers a plethora of advantages in comparison to a purchase only transaction, but it too has a few problems:

  • Accidental Orders – Sometimes an organisation can mistakenly order items they didn’t want, even though with a good relationship with the supplier this is easily rectified these problems are still very common.
  • Inflexible suppliers – Most suppliers will accommodate a purchasing company’s needs but some may not offer discounts or may even include surcharges.
  • Exceeding Budget – If they budgetary updates are not communicated properly throughout the company and especially to the purchasing department.
  • Damaged Goods – The company may only know that the item is damaged when it reaches its destination, then there’s a long process of returning, negotiating and reordering which has already caused a unnecessary delay.


Blockchain provides a new way for organisations to engage with technology to reduce cost, improve speed and transparency and integrate social value across the procurement function. It is known as the new ‘revolutionary computing’.

In brief, Blockchain allows competitors to share a digitally distributed ledger across a network of competitors without need for central authority. Thus no single party has the power to tamper with the records (Ledger). Every member of the transactional process will have a shared ledger consisting of all records of transaction costs, times, and even the quality of the goods. Essentially every member of the transactional process will be able to view the movement of the goods purchased, from supplier through all the middle-men to the purchasing organisation.


Marrying the Blockchain concept with the procurement process could be wonderfully beneficial as the advantages of Blockchain simplify the process of procurement, and the process of procurement joins well the concept of Blockchain.

As the ledger is shared between all those involved in the procurement process there must be a protocol in place for the verification of payment amounts and amount of goods agreed between supplier and purchaser. Blockchain has successfully dealt with this issue. When a record on the ledger is updated, it awaits the verification of all those involved that the update is correct before the update is approved. The ledger then, proves secure and the act of procurement can flourish with this new partnership.

Blockchain uses bitcoin currency. Bitcoin is a cryptocurrency, a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. A bitcoin is programmable and can represent money, goods or services, at the discretion of the trading parties. A bitcoin can even be programmed to represent the funds for a particular need, it can be used to represent a departmental budget, ensuring that coin is solely used for that department, thus sticking to their budget.

Using Blockchain for procurement is an exciting partnership, whose lifespan will change the way of business in our future.

The Foundation For “Women’s Coin”


You know I sort of thought that as the millennium dawned we had reached the age of enlightenment and tolerance.  That the 21st Century was a brave new world promoting values of compassion, tolerance,  human rights and support for the eco system in which we live.

But in 2016 the world seemed to go into reverse   A vortex of narcissistic leadership emerged fuelling individual’s base fear, hate and distrust of others who are different in race, colour, creed and sexuality.   Pinning economic failures on others rather than promoting a reliance on self-empowerment. 

Gutted! Where are we, as a human race – if we do not have compassion?

The murder of MP Jo Cox sadly reflected the emergent vortex of hate. She should not have died in vane her words shine as a beacon for us …

We are far more valued and have more in common with each other than things that divide us

Women as creators of life have a strong desire for the world to be better – for our children, and their children’s children.  It is in our DNA ….  The role of women as protector nurturing the next generation is part of the fabric of society.

The Trump inauguration triggered a reaction unprecedented in modern times.   Our ancestors paved the way for women to march and make their voices heard.  And march they did.  The women’s march made history – in a show of global solidarity over 4 million women marched in cities around the world.  Not just women but men and their children showing support for basic human and family rights.

The march was a line in the sand. 

Listen to our voices. Ah but do not just listen to our voices – listen to the power of our money

In the US women have decision-making power over $11.2 trillion, or 39 percent of the nation’s estimated £28.6 trillion in investable assets.  According to Salie Krawcheck, former president of the global wealth management division of Bank of America …

Women are on their way to be the majority of US millionaires in the not too distant future

Her advice is to “offer values-based investing services”.   She used to think that social impact investing was “not real investing” but she says she has changed her mind – women really want to “have a fair return and have an impact”

It is the power that women will have over investment and spending that will bring about societal and political change.  The Foundation for Women’s Coin will be at the forefront of the change.


The intent is ambitious, but easily within grasp.

The Foundation for Women’s Coin creates a platform “The Coin Collaboration” of Philanthropic Organisations, Foundations, Women’s networks, aligned organisations and individual women to join forces and use their fiscal power to deliver social and political change.

The Coin Collaboration has a set of values and guiding principles that members are asked to sign up to.  Trust between members is paramount.  The power of many can be used to focus on one key women’s goal.   Members can decide if they wish to collaborate and focus their energy to maximise impact – or whether small, local changes work for them.  The Coin Collaborative is democratic member driven Foundation.   Once part of the Collaboration members can use their purchasing power through Women’s Coin to affect the change they want. 

The Foundation will seek to be an exemplar in the world of alternative currency – setting standards and a charter mark (endorsement by the United Nations).    Women’s Coin will set a new value base for financial organisations that is driven by women to bring a new realism to the current profit/bonus driven financial institutions.


Our mission is to bring about change, in collaboration with others. that will improve the lives of women and children, ensure social progression and foster self-reliance and self-esteem.  Purchasing power by women for women.

Women’s Coin is not just another Fintech offering alternative means of finance – it has a soul and intent to deliver solutions and hope

Women’s Coin promotes the core values of integrity and respect for diversity and the 17 underpinning principles of the United Nations’s Sustainable Development Goals (SDG). 


Finance:  It makes fiscal sense

  • Maximise every transaction – no deduction of fees or overhead charges
  • Build financial resilience
  • Ensures those who need funds – get funds

Global Connectivity

Women’s coin creates a women’s social movement of connected individuals, and aligned profit and not for profit organisations.  The power of social media and the internet of value ensure mass connectivity and profile across the world

Social Value

  • Promotes social value investment
  • Reinforces the purchasing power of women to influence policy makers, public bodies, employers, and services

Adoption and Engagement

The creation of a global social movement has appeal and benefit for individuals and organisations.  Connectivity Is a click away.  The documented journey will be the vehicle for promoting vision and the hurdles to be overcome and the joy “Women’s Coin” brings to the lives of ordinary women. The profile provides momentum and adoption.


The Foundation for Women’s Coin will use latest blockchain cyrptocurrency technology.  The aim is to bring about change, in collaboration with others. that will improve the lives of women, ensure social progression whilst fostering self-reliance. 

The journey from concept to “Coin Collaboration” will be the subject of a film documentary. The documentary will capture the highs and lows of delivering societal change through blockchain technology and people power.  Excepts will be posted on YouTube – going viral with the message of the power of women to support other women.

The concept that … if women use the currency they can make informed decisions of where to make investment (eg ethically sourced investment), procure services founded by women, use the coin to help developing countries help themselves and avoid corruption (especially those with closed currency). They create a new climate in banking where the disproportionment of salaries between the top and bottom of organisations are not rewarded through women’s investment. Stop unpalatable bonuses in banking where behaviours and targets are not rewarded. Be a new ‘paypal’ for women … womenpal

Visiting Professor Christine Bamford

Supply chain provenance from cradle to grave

Leather Industry with Ethical Issues

In the new era of sustainable markets, like all industries buying a leather bag carries with it ethical connotations. In reality, consumers are offered little provenance information about pieces of clothing, footwear or fashion accessories. With greater recognition surrounding animal protection, human right, sustainable development and chemical processing the leather industry is facing a growing demand for transparency in their supply chains.

Each year, the leather industry slaughters more than a billion animals and tans their skins and hides. Not only the skins of cattle or calves, with the diversity demanded by customers, suppliers need to meet discerning consumer demands for sustainable practices. Although, for example, the typically alligators can reach up to 60 years, in farms, the animal is slaughtered before the age of 2 due to length considerations. Animal husbandry during those brief years plays an important part.  

Worker, Moroccan Tannery

The scandal of child worker in leather tanneries in Bangladesh in 2012 highlights that leather products are sometimes produced by underpaid workers in unacceptable conditions. Modern Slavery is not by any means an issue unique to the industry but needs to be tackled when found.

Apart from the impact on humans and animals, leather manufacturing can have environmental considerations. The older more traditional tanneries use by necessity toxic chemicals which then necessitates extensive waste processing. There is a drive in the industry towards much greater responsible practices.

To combat growing consumer awareness of such issues, the transparency of product provenance, trace-ability and effective control of suppliers are key to the growth of the sector. The question arises as to how this can be achieved most efficiently, with least cost, and maximum impact.

Potential of Block-chain Technology

One essentially need to prove to customers that they are buying a ‘good’ product, rather than one with questionable provenance. With the development of international trade and global value chains, making any product is complex intertwining a large number of suppliers with multi-step  processes. Each step involves the creation of  data, storage and centralized access. Technically, having detailed information of products from birth to death is impossible. These complexities make supply chain provenance a significant non-trivial exercise.

Block-chain technology can potentially improve the transparency and trace-ability issues within the manufacturing supply chain through the use of immutable record of data, distributed storage, and controlled user access. All data in each step of the supply chain will update directly and securely in block-chain. All stakeholders could trace and access information of the product with every detail of the animal husbandry, labour conditions, chemical processes and other intangible KPI’s that directly effect the tangible price of the product at each stage.

The Proposed Framework

The proposed approach comprises of a decentralized distributed system that uses blockchain(s) to collect, store and manage key product information throughout its life cycle. This creates a secure, shared record of exchange for each product along with specific product information.

We propose three main stage.

  • The first stage is collecting data. As a product moves through its life cycle, it is defined by a variety of actors – eg producers, suppliers, manufacturers, distributors, retailers and finally the end consumer. Each of these actors play an important part in this system, logging in key information about the product and its current status on to the block-chain network. Each product would have a unique digital profile containing all related information, populated during various life cycle stages.


  • The second stage is verifying data. In this stage, all data collected from input stage will be gathered and compared with the block-chain. This is double verification process to ensure that all data input is identical and acceptable.
  • The third stage is calculating data. All data, both tangible financial data as well as intangible non-financial data must be represented in a consistent way to allow comparisons. In this stages, data also will be encrypted and added to block-chain.

Overall, the movement of total value will be parallel processed from farm to land-fill.

In each step, the financial value and non-financial value will be tracked –  evaluated, added or subtracted from the product provenance. Through all stage of the production cycle, the total value of product will be illustrated and articulated in simple metrics including at the end to the consumer to allow decisions to be made.

A Collective Vision

When you can measure it, you can influence the sustainable development of the cycle.  It allows for both upstream and downstream controls to be enabled and embedded, from farms to land-fill. In effect a product can carry a digital passport that contains all the information you need to make and direct decision making at each stage.

The AI Wallet

This project aims to develop an Artificial Intelligence Wallet that would help one make personalised informed business decisions and transactions within the Seratio blockchain. The AI Bot inspired digital wallet would recommend products, processes, suppliers to individuals and organisations based on personal preferences. Personal preference here refers to each individual or organisations’s desired total transaction value that incorporates both the tangible asset value and the intangible value. Each individual or organisation’s total value is calculated and represented using the Social Earnings Ratio metrics. For example, consider the process of buying a product by logging into Amazon’s website: A customer can search for a product by specifying various criteria such as price range, customer ratings, delivery time, etc. The website would then display relevant products matching your specified criteria. The customer can then make a selection and purchase a product. Now, Amazon stores your browsing and purchase history. The next time the same customer looks to purchase such an item, Amazon makes suitable recommendations based on his/her history, on what other customers with similar choices purchased and so on. The AI wallet would do something similar within a Seratio blockchain by making suitable recommendations based on criteria including both financial and non-financial values. The AI wallet could also go one step further and complete the blockchain transaction. The service could also be ultimately offered in the form of mobile apps.

For further information, please contact Dr Suraj Ajit at

Social value: doing good and doing well

This, my first blog, aims to invite discussion and, in good time, offer fresh insights into Social Value: its contribution to ‘good’ in society and, here’s the challenge, the creation of competitive advantage for business and mission fulfilment for public and third sector organisations. A modest ambition? It’s doable.

We know what business can do to enhance social value; things like giving employment opportunities to marginalised groups, supporting communities and carers and interventions to protect the environment. They can also help to eradicate modern slavery and ensure that they only contract with other organisations who themselves seek to develop social as well as financial value.

But how can the social impact of these contributions be measured and made to create competitive advantage? How can business and public/third sector organisations ‘do good’ and ‘do well’ financially?

Here’s the news. Social value, the impact it has on target populations, can be measured and by the application of existing tools and methodologies which are not costly to apply. If you can measure it you can put a value to it. You can then enhance that value (doing more good) and you can leverage that value (doing well or better financially).

Applying the Public Services (Social Value) Act 2012 public bodies can and do apply a weighting to ‘contribution to social value’ in awarding tenders. That weighting might be decisive in determining outcomes but is too often given scant consideration. Public bodies often content themselves with reviewing tendering company’s mission statements and, frankly, often spurious claims regarding their contribution to social value let alone its real social impact.

It does not have to be that way. We can measure social impact, well meaning public bodies can award tenders accordingly (often there is so little to choose between tenders), companies can learn how to measure and thus enhance social value and, consequently, improve their chances of success. They then gain competitive advantage, public bodies fulfil their mission, social impact s enhanced. As a meerkat might say: simple!

Colleagues and I are hoping to develop a robust, on line, course, externally recognised, which takes interested parties through the process of understand, measuring and utilising social value an social impact for competitive advantage. I keep telling myself that it’s a wholly worthwhile pursuit for this newly ‘retired’ business school Dean.

Going further, if we can measure social value, we can transact it using Blockchain. This will take social value out of the soft Social Innovation space and into the hard transactional space of Financial Innovation – allowing social value to be mainstreamed and not a bolt on.