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 *   Code / Simulator
 *   Whitepaper

Semi-Finalists at MIT Solve 2023 Financial Inclusion Challenge

 * Overview
 * User App
 * Backend Tech & Science

Watch the High-Level Overview
6 Minute Video
About the Truly Networked Economy
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See the UX of the Payments & Retail Network
8 Minute Video
About money-less payments & clearing of debt through network patterns
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See the UX of the Funding, Impact & Wealth Network
5 Minute Video
Funding new products and growth without debt or equity loss, and not limited by
money. Co-creating wealth with impact supporters.
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See the System from the User Perspective
    The following videos present how users experience the 3 core solutions:
 1. The Payments & Retail Network
    Money-less payments & clearing of debt through network patterns.
 2. The Funding, Impact & Wealth Network
    Funding new products and growth without debt or equity loss, and not limited
    by money; co-creating wealth with impact supporters.
 3. Direct Access to Systemic Perspectives
    Unlike the two solutions above which are being deployed, this one is still
    in R&D. It will expose users directly to network-wide views and many-to-many
    conversations and relationships.

Who We Are
We are a new Canadian non-profit developing this fintech with a global
collective that includes: Technical and executive experience in banking and
finance, including risk management, loan origination, and finance law. Acedemic
& industry expertiese in artificial intelligence, machine learning, and network
theory. Post-graduate researchers in systems thinking, strategic foresight and
innovation. Entrepreneurs and management executives.
What We Do
We develop an open-source platform that communities, municipal or national
governments can use to overcome monetary, inequality, & debt limitations in
economic development. Our capabilities work by surfacing deep interconnections
in markets and value flows that simultaneously affect many economic
participants, unlike current markets that see transactions as a direct line
between only 2 participants. This approach does not require creating new
currencies or replacing existing systems.
Evolution of Value Representation
Our technology also reveals a much richer and multi-relational perspective on
economic value, compared to a one-dimensional price or profit. It can also
surface valuation for volunteering, family care, non-profits, and other
appreciated activity that today falls outside of economic models.
Financial Inclusion & Collaboration
All of this creates more inclusive markets, because the ability to start a new
economic activity depends less on previous wealth, financial history, debt, or
collateral. The conventionally separated roles of investors and consumers
acquire more information symmetry and mutual power under a combined information
space of "supporters". This can lead to more collaborative economic growth and
better tools for impact shaping.
The Self-Empowerment
Because our deep economic networks are a representation of community
relationships, they uniquely self-empower communities to shape their economic
development. Individuals and organizations see how better to develop products or
skills to fit in the best network patterns. Such networks expose how one can
plug themselves deeper into their economy.
Our Vision & Mission
Our vision is for every viable idea and economic potential to be free from
inherited or undeserved constraints like wealth inequality, lack of financial
history, or privileges in access and information. Our mission is to evolve
economic models so that they catch up to the full productivity & creative
awesomeness of humanity, and unleash the economic potential imagined by every
community.
The Challenge
Economic problems too often happen in absurd conditions where enough skilled
people want to find jobs, enough businesses want to create jobs, and enough
people want to become sellers or buyers; yet the economy still fails to connect
all of this into a working network. Only 0.5% of successful entrepreneurs in the
US receive venture capital (Kauffman Foundation, 2019). Most small businesses
seek loans under $100,000 while banks are increasingly avoiding requests below
that level (Forbes, 2014). The money created by central banks at unprecedented
rates ends up more into asset bubbles and less into powering smaller businesses
and community economic needs. (The Economist, 2020)(Summers, 2016)(Roubini, WEF,
2015).
Open-Source Platform & Simulator
The beta network code and simulator is open-sourced at
https://gitlab.com/socialcogs/ions-liquidity-networks. A step-by-step guide
shows that the IONs algorithms working technically end-to-end.
Whitepaper
For formal and visual explanations of the model and algorithms see our
whitepaper.
From Not Seeing the Network and Domino Effects
One key issue is that today's economic systems are not considering the domino
effects of all our economic relationships. There are a small number of
exceptions such as niche accounting systems used between banks. The mainstream
economy looks at transactions as affecting only two parties in isolation. Recent
science is beginning to see economies as such information flow networks.. What
is still lacking are 21st-century financial instruments based on the new science
and tech.
To Seeing Economies as Information Flow Networks
Our work borrows inspiration from Internet routing algorithms to solve credit
problems in an economic network similar to how the Internet solves connectivity
problems. This is combined with inspiration from futures contracts, as used in
commodity markets for centuries, or Liquidity-Saving Mechanisms (LSMs), as used
between banks for decades, to create credit or purchasing power without
increasing debt. As a result, our algorithms can drive debt-less economic
activity based on how supply-demand relationships could unfold in the future,
i.e. not limited by previous wealth distribution, the lack of credit history, or
monetary conditions. Check out our Medium publication channel.
First Pass-Through Instrument
Today's financial instruments are of a transfer-and-keep type, where the payee
needs to keep the instrument in order to get its value. This is a limiting
legacy in a highly real-time networked age. All the potential of IONs comes from
the simple property that a payee can get its financial benefit simply by having
the ION pass through them as it flows through the network.
First Instrument Not Limited by the Past
At a quick glance, IONs can appear similar to future contracts, IOUs,
crowd-funding, or multi-party credit clearing. However, all these still require
at least one party to have access to money or previous invoices/debt. IONs are
the first economic growth instruments that are theoretically not limited by the
past, i.e. by how previous money or invoices are distributed, while at the same
time not requiring the issuance of new currency.
Non-Disruptive & Symbiotic
IONs do not require the creation of new currencies nor the replacement of
existing monetary systems and capital flows. Wherever existing money has the
needed liquidity, there is no need for IONs. Wherever liquidity is lacking, IONs
only open up new opportunities that were otherwise inaccessible.
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