- A volunteering effort produces valuable data; where
- The data has a “calculated cost”; that is
- Compensated with Net Positive Value (NV+);
- When it is donated to designated recipients; such that
- NV+ in turn compensates the data donors*; who have
- Funded and/or carried out the research/exploration.
- Donors: Volunteers, philanthropists, investors, etc.
- NP+: Cash & equivalents ex. tax credits, coupons, etc.
Rewarding “Valued New Data” Creator-Donors
Compensating creators for Asset and their Labour?
1) The method proposes to reward ‘new data’ creators for donating hard-to-produce data that is deemed valuable.
2) The reward is restricted to data that is donated to charities, societies, and gov agencies (national, tribal, provincial/state, muni).
3) The method can be used in every country.
Using a line-item called Cost of Data Collected…where Labour Cost to collect Wild Data is arguably separate from Labour Expense to convert Raw Value to Utility Value:
Data Asset Value = Intrinsic Value + Cost of Data Collected
Where, for Tax Purposes :
Appraised Asset Value = Data Asset Value
Labour Expense to deliver Asset = Converting to Utility Value
Producing “Net Charitable Tax Credits”
for donors, re-allocators, guarantors and trade:
A. Data Developers (club and charity members, archaeologists, historians, ecological consultants, economic developers, etc.) obtain net value from Non-Profits and Agencies, so that the cost to gather raw data is recognized as the gross value of the data.
B. Non-profit recipients retain a percentage of net value to spend on society activities and equipment, with the balance going towards agreements where the accounting value is converted to a tax credit which comes back to Government. For example, caving clubs provide on-call rescue services to RCMP and SAR.
C. Government gets hard-to-replicate data and services at low cost.
D. Government also obtain value at net low cost by re-uptaking net tax credit value percentage to use in partnership with the non-profit entity.
How could this be used by Private Citizens &
Governments making “Opportunity Cost” choices?
How could Assigning Raw Value produce Net Worth & Value?
Example 1 = Protecting Aquifer Assets: Government wants to install remote data monitors to measure subsurface water flow. But finding, mapping, exploring, and gathering karst data is extraordinarily time-consuming. Caving clubs may want to protect sensitive karst areas from industrial activity. Government obtains extraordinarily valuable and hard-to-gather transferable financial value to protect this measurable asset. NB: Caves often form in Karst, which is a water-soluble geological formation.
Example 2 = Gathering Historical Population Data: Nova Scotia government may want to gather ethnological data. But it is costly to collect data from thousands of families in a way that protects privacy. Mi’kmaq and Acadian societies may want to gather the data for cultural heritage celebrations.
Example 3 = Measuring Rainfall in Hard-to-Reach Uplands: Local government may wish to gather precipitation data from upland valleys. Forestry licensees may want to obtain value for service from Government, and fisheries stakeholders desire to help protect rivers and waterways from contamination.
Inno-1) What, exactly, is newly-created data?
Re-thinking fundamental nature and value
Inno-2) Cost of Data Collected
A new Financial Statements line-item