Metrics

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This document presents different metrics systems used within an open and decentralized value network. In order to quantify value for reference and accounting, it is necessary to make justifiable measurements about an item or event along one or more axes of mutually agreed and mathematically consistent meaning.


Tangibles

Time

Enters as duration of an activity, but also as a coordinate, i.e. how far in the past the activity was performed for example. The time coordinate is taken into consideration in many other metrics. It is related to seniority, regularity of contributions, amount of risk (if the contribution is made at the beginning of a project or towards the end)...

Evaluating Time

The contribution log contains descriptions of activities performed by members. The duration of time, type of activities involved (see back office catalog), importance, priority, project within for which these activities are performed, etc. are indicators of impact on a project.

We agree that time evaluation must also rely on the deliverable.


Space

Can be physical (the SENSORICA Montreal lab for example, a warehouse, a store), or virtual (a website, a forum, etc). Enters as place for activities and as contributions.

Evaluating contributions with space

There are two types of spaces: virtual and physical. Distinction between contributions to the pool of shareables or commons and merely giving temporary or conditional access.

more to come...


Quantity

Basic ideas of size, number of items, scale, magnitude, volume, number of tokens (monetary currency) ... In the NRP these translate into units.

Evaluating financial contributions

Distinction between temporary financial contributions - loans (the member asks for money back), and investment or permanent contributions.


Material

Is a tangible physical object used in activities, a tool, equipment, a part (something that goes into a product), a consumable...


Evaluating material contributions

We agree that material contributions are evaluated based on the use or utility (traditionally called use value) in a particular project. Also, distinction between contributions to the pool of shareables or commons and merely giving temporary or conditional access.

more to come...


Value

Value tells us how much affiliates are moved into action by something. The metrics is about evaluating contributions (how important they are for network affiliates in a specific context/project). See also the Value System.

Intangibles

Social Capital

Evaluating contributions involving social capital

Types of such contributions: access to a market, customer’s base, access to resources, access to other networks that have valuable resources to exchange, legal protection, ...


Stability

Probability of value retention over time - things like durability, reusability, fragility, reproducability, context-specificity, of a product or service.

Culture

An experimental area for defining positive impact in the sense of community and belonging as a result of peer production ventures.

Environment

Measurement of "external" input/output/impact in areas like raw materials, byproducts, ecosystem health,

Individual

An important and broad collection of measurements for the nature of personal contributions to a process or product. May include elements of skill/talent assessment (accreditation, qualification (role), personal reputation), intensity and focus of activities (a cofactor of the value of time invested), use of personal equipment or facilities, intellectual capital and much more. Reputation tells how value is created by individual members and can reference to commitment, ethics, etc.

Reputation

Reputation tells how activity is performed by individual members and can refer to commitment, ethics, etc. The metrics helps evaluate reputation, which is multidimensional!

See PieTrust on this.

See more on the Reputation system

Role

Role tells who does what within the value network. Roles are emergent patterns of activity extracted from the activity log, perhaps a project/task management tool integrated within the infrastructure. The metrics must help distinguish a role as a clear pattern.

See more on the Role System

Satisfaction

A kind of feedback system or collective reputation where recipients of value may respond with a subjective evaluation of their relative satisfaction based on comparison between expectations and actuality or other factors like integrity of communication, follow-up service/support relationship, community impacts, etc.

Social

Providing access to a market or customer base and other special privileges or network effects that add value to a business proposition. May include legal affordances and protections, or simple extension of trust/reputation to create new relationships and opportunities.

Activity

This tells how viable the value network is. The metrics helps quantify how motivated, energetic, committed, and genuine are members and lends to reputation of the whole.

Synergy

Measure of how projects influence each others. Work for one project can also advance another project. Resources created within one project are used in another project.