The WealthView™ platform consists of high-quality data about the environment, people, businesses, social organizations and governments. The platform captures or infers both real and financial data at a local, regional, national and global level. It has built-in compass-like metrics that point in the direction of real human and environmental well-being in addition to financial performance. Aggregations occur along both political dimensions (e.g., cities, states, countries) and environmental dimensions (e.g., watershed HUC levels). The platform uses AI, machine learning and old-fashioned statistics to validate, enrich and analyze the data. All the indicators are grounded in an upper level ontology that makes it easy to create highly customized solutions based on the WealthView™ platform.
Standard financial accounting frameworks (e.g., FASB) do not value people as living breathing human beings; nor do they value water, land, air or ecosystems. Standard financial accounting only values people and the environment as factors of economic production. They have no value in themselves.
Numerous initiatives exist (e.g., SASB) to value the environmental and human impacts of economic production. We support most of them, and while they are all useful and well intentioned, they stop short of valuing the environment or people as stakeholders that engage with but exist independently of economic production. So they do not track human or environmental well-being.
To create a sustainable form of capitalism, the environment and people (with organizations) must be represented as independent stakeholders whose changes in health and well-being should be accounted for by economic production.
That’s what WealthView™ does. WealthView™ makes it easy to account for people, the environment and other non-economic stakeholders. WellView lets you look at them independently and as they relate to one another; in real terms and/or in financial terms.
See, for example, how global warming impacts stream flow which then impacts fish health which then impacts tourism which then impacts state tax revenues.
What can WealthView™ do for your Organization?
The WealthView™ platform is comprised of a well-ordered stack of state-of-the-art technical capabilities that can be efficiently customized to meet your specific needs.
WealthView’s base layer is a hybrid Graph-Relational database that can run on our elastic cloud-hosted environment or on your own.
WealthView’s C.O.R.E. layer, which is implemented on top of the database, is a new kind of semantic-AI technology called a composable ontological representation engine or C.O.R.E. Developed by our partners at BlenderLogic, C.O.R.E. unifies traditional symbolic computing and neural networks in a hybrid neuro-symbolic computing architecture. You can read more about C.O.R.E. here. C.O.R.E. provides a computing basis for all root semantic notions including time, space, objects, processes, attributes, relations and so forth in a combinatorial grammar that makes it possible to define anything in a traceable fashion, no matter how complex. And it allows for machines to reason with whatever has been created. This is absolutely critical for properly representing and reasoning with the complexities of sustainable economics. C.O.R.E. is the product of over $5M in government funding to solve the problem of reasoning and learning across multiple domains based on any kind of sense data or natural language.
WealthView’s Sustainable Economics Base layer is a formal and extensible set of data, definitions and algorithms about the environment, people, businesses, NGOs and governments that comprise our world. It is computationally meaningful foundation upon which customers’ additional data, definitions and/or algorithms might be brought to solve their specific problem. It reflects decades of research and international experience in the specifics of integrating and co-computing with real and financial values. Because of its upper ontological grounding, you can add any relevant data to the platform – data about water or about land use or about demographics or migration, skilled wages, unemployment rates or about state budgets; anything – literally anything, and WealthView can absorb it and relate it, meaningfully to everything else in the platform.
Our sustainable economics layer also has a built-in ontologically grounded notion of a reporting entity and of both financial and non-financial reports. The reports capture stocks and flows, real and financial indicators, quantities and qualities of things and their prices. The WealthView reporting model captures the semantics of both US-based P&L as well as Euro-based Value-Add notions of flow. It also tracks assets that are used but not owned by a company such as the people who work for it or are its customers. In short, the WealthView reporting model captures the essential semantics of standard financial reports in a systematic fashion that makes it easy to track in a principled fashion the impact relations that exist between a business, the environment, people, organizations and governments.
WealthView’s customizable Domain layer includes a growing collection of single and multi-domain data, definitions and algorithms. We currently have platform-enhancing domain-specific data for water rights, land use, municipal assets and at-risk populations. We are continually adding to this collection.
The WealthView platform lets you add any mix of domain-specific information and will always result in a single queryable store of information – never any isolated silos.
Whatever your specific problem, whether you need to integrate water budgets with land use and water rights; or whether you need to project funding needs to take care of persons at risk; or adjust your own financial projections in light of the negative impact your business or your portfolio is having on the environment; you can add your specific data to WealthView, define who the stakeholders are in your world and start solving problems.
WealthView’s customizable User Interface (UI) layer is comprised of dashboard, messaging and Natural Language Processing (NLP) frameworks that can be customized to meet your specific UI needs. Whether you need a pure Slack-like messaging UI or a stand-alone dashboard, or a combination of the two, the back-end communications between the WealthView platform and its users is automatically taken care of.
WealthView’s customizable Stakeholder layer is comprised of UI templates with embeddable logic that capture the relations that exist and the processes that get realized between stakeholders. For example, when stakeholders span different organizations, data sharing may be restricted. When stakeholders span a chain-of-command, the actions of some stakeholders may create obligations for others. When some stakeholders (e.g., the Earth) are not users of the solution, WealthView can generate a stakeholder view that includes estimates of well-being that all users can see.