Please describe your proposed solution.
Background
The Full Valuation Issue for Organisations
It is now reported that up to 80% of the value of an organisation does not show up on its balance sheet when it is sold. This ‘intangible value’ is based upon the people in an organisation, the capabilities they bring to it, and the people based (i.e. performance and relationship assets) they create. If this value remains intangible – then it is not measurable by current accounting methods which are by definition primarily Tangible - monetary based, meaning that most of the value of an organisation remains hidden.
This causes problems both in getting a fair valuation for a business (especially a purpose driven, impact focussed one) and also in leading and managing a business effectively. This is based on the proviso that if you don’t really know or have a full understanding of what the assets of your business are, then how can you manage and grow them effectively?
Our Solution - the ‘Full Value’ Audit tool
We have coached and mentored leaders from start-ups to large private and public organisations for over twenty years, and have developed a method of understanding how to measure and value the: full commercial wealth, cultural wellbeing, purpose, worth and impact, delivered by the companies and organisations.
Our approach allows them to measure and value both the current tangible – physical based, commercial funds and assets as well as the intangible – people based, capabilities and assets - that they have created, and now hold.
The Value Added by Our Solutuion
Our Full Value Audti Dashboard allows us to work with them to create a full value audit of their current operations, and it allows them to create a purpose-based business upon both a commercial vision and a cultural intent.
We provide this information as a dashboard that allows them to understand where they are today, in terms of their purpose and alignment and their full value, and also where they would like these to be in the future.
From here they can codify the current combined ‘worth’ of their organisation which can then be future-paced to provide an attainable purpose-led full value impact future.
Our dashboard can then be used as a measurement tool to be repeated regularly in order for them to stay on track to achieving their purpose.
There is then a consequential value created for the companies that use the tool as their effectiveness is improved and greater profitability is achieved.
Driving long term Business Sustainability
Our product is centred around helping organisations and their leadership teams build in long-term business sustainability by accounting for and leveraging both their tangible and intangible assets (whilst being aware of both the positive and negative impacts that their purpose and strategy will have). Our product supports organisations in delivering long term business sustainability by having the right resources in the right place at the right time to be able to make long-term sustainable profits. - Since 2012 our overall product set has been built to work in conjunction with the VRF’s Integrated reporting framework.
Environmental sustainability and impact
We adopt a 5 P model with the clients we work with, covering: people, planet, purpose, performance and profit. Our full value impact dashboard supports leadership teams in gaining a clear understanding of purpose and focus on their external Impact on their workers, team’s organisation, community, society and planet. This is done both internally by considering both commercial and cultural impact within their operations and leadership teams, and externally by identifying and running to delivering on the appropriate environmental sustainability goals. Our purpose is to support our clients in becoming Impact focussed organisations – that consider and include the UN’s sustainability goals in their own purpose, vision and intent and are aware of the concepts of impact monetisation.
However, although these programmes add fantastic value to our participants, the process is manual: they are at present provided primarily synchronously with live clients and coaches, with limited time slots, and restricted participant numbers available - with programmes maybe 80% live, 20% automated.
We would like to change that, now we would like to dramatically increase the number of leaders who can access our Full Value Valuation Dashboard enabling them to get access whenever they want, and work on auditing the full value of their businesses at their own pace and level of interaction.
Automating our existing business valuation tool to provide access at scale
We have an existing tool and educational material for measuring the ‘full value’ of current and future worth created by organizations and communities. However, this tool is currently based on MS Excel spreadsheets and therefore relies on a very manual and labour-intensive process to complete.
This proposition will automate our solution: allowing its delivery at scale - meaning any organization could have the ability to, define, record, validate grow and leverage both their Intangible and Tangible ‘full value’. Enabling them to appreciate, manage, show, and realize their ‘people and things’ asset value more effectively. And so grow and receive much more of the value that they create.
This solution
DCypher will build out the solution to migrate our Full Value Dashboard tool to an interactive blockchain-enabled, website-based solution.
Future Plans
Following this project, our roadmap includes building out the web3 framework, so that those findings can be publicly available to the audience that needs them. Stacking data on-chain enables scaling the metrics and gaining insight from big data. Transitioning this into a fully interactive community, managed by a governance model, and a tokenomics model for our business model.
About Edify Business
The Edify Business Ecosystem (Edify) - an impact, innovation, investment-focused consultancy, coaching practice, and partner Ecosystem that specialises in supporting organisations as they scale. The Edify team were founding partners of 50th Generation – one of the UK's first Social Business Generational Accelerators – 2014-2018. They were also credited for supporting the development of the UK NHS's first Sustainable Development Vision and Strategy programme. They have coached Fellows on the Cambridge University, Programme for Sustainable Development. And currenly coach the Education Department at Imperial College London. Edify have also worked with Investment and Commerical bank leadership teams, several Mid Tier enterprises and many Tech businesses.
About Edify Collabs
Edify Collabs is the onchain expression of the Edify Colabs was formed to work within the Catalyst community - and have been a proactive members for over 18 months.
https://linktr.ee/edify_collabs .
About DCypher
DCypher, an innovative Blockchain Member Based Organization (MBO), plays a crucial role in building the tech stack for Edify. DCypher is a collective of professionals that drive to reshape community building, collaboration, education, development, sustainability, and governance.
The full vision can be found at: d.Cypher_Lite_Paper
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
Our proposed solution addresses the challenge of scaling and automating the business valuation process by transitioning from a manual, Excel-based tool to a more accessible and automated blockchain-based platform. This digitization not only allows for scaling but also adds transparency, credibility, and security to the process due to the inherent properties of blockchain technology.
Driving Adoption of Cardano: By building a solution on Cardano, we are contributing to the growth and adoption of the Cardano blockchain. As our tool scales and more businesses use it, the Cardano ecosystem will expand as well.
Showcasing the Utility of Cardano: Our project serves as a use-case demonstrating the utility of the Cardano blockchain for building complex and scalable solutions. This could inspire other businesses and developers to leverage Cardano for their own projects.
Enhancing Transparency and Credibility: By using the Cardano blockchain for business valuation, we ensure that the process is transparent and immutable. This enhances the credibility of the valuation process, and by extension, it enhances the credibility of Cardano as a reliable platform for business processes.
Stimulating Economic Activity: The tokenomics model we plan to implement will create an economy within the Cardano ecosystem. This will stimulate economic activity, potentially increasing the value of the native ADA token.
Building Community: By transitioning into a fully interactive community, we're not just building a tool but also a community within the Cardano ecosystem. This could lead to higher user engagement and increased interest in the Cardano platform.
Promoting Decentralization: Our project aligns with Cardano's core principle of promoting decentralization. By democratizing access to business valuation, we're taking a step towards the wider vision of decentralized and equal access to resources and opportunities.
By addressing the challenges and bringing these benefits to the Cardano ecosystem, our project aims to be a valuable addition to the Cardano community.
How do you intend to measure the success of your project?
Success for this project is a functioning automated online tool that provides feedback to users as described in the scope of work.
Valuable experience feedback we gather that cannot be measured with tangible metrics, is not lost, but in fact is just as valuable to us. We will be using tools like pol.is to discover insight into user experience and how the tool is adding value to their toolbelt. We also have a list of application behavioral requirements that we will use as a measurement of successful completion throughout the project.
Once developed the Full Value Audit Dashboard will be available for use by external clients on a global basis - which will be achieved through marketing of the tool by Edify.
Of course, the Full Value Audit Tool will also be available for use by the Catalyst Community for their own teams performance measurement and valuation estimation
Please describe your plans to share the outputs and results of your project?
Making Findings Publicly Available via Web3 Framework
Once the web3 framework is implemented. User surveys can also help gather feedback on the usefulness of the publicly available findings.
Both Edify and DCypher are working with the mindset of Open source. However In some cases for business, legal, or privacy reasons some information will not be available.