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The Internet of Impact (OECD)
Transcript of The Internet of Impact (OECD)
Social Impact Investing
Markup language (html...xml)
A structured framework for exchanging data
Readable by people and machines
data not yet
Karl H Richter
Standards for the Internet/ html are set by:
World Wide Web Consortium
W3C standards library
Do we want
a centralised standards body
for Social Impact investing?
B-Corp, BSC Outcomes Matrix, EVPA, EXIST, GIIRS, IRIS,
Open Bank Project, Social Stock Exchange, SODA, SPI, SROI ...etc
What lessons can SII learn?
Data standards community
Learning lessons from WC3, html and API paradigms
1. Common industry data standards
An international community where Member organizations, a full-time staff, and the public work together to develop Web standards.
Led by Web inventor Tim Berners-Lee and CEO Jeffrey Jaffe, W3C's mission is to lead the Web to its full potential.
Centralised standards body
Yes, No, Maybe
...can we learn more from the modern web?
What could a data sharing community for SII look like?
Multiple definitional interpretations of SII
SII data originators & data aggregators
publish data protocols
for accessing, interpreting and sharing data
Industry authorities, funders and regulators,
publish their reporting requirements
as data protocols
In a format
readable by machines and people
Easier for data processors and software vendors to structure and share data
Directory of industry data protocols
(modular, distributed - similar to API directory)
Single library (similar to W3C library)
A data framework
Not full consensus:
Coordinated multilateral agreements
Quality - Comparability - Intelligibility
(Collaborative/ industry led)
(Author to reader, not bi-directional)
Interoperability - opening up of data structures
Balance collaborative & commercial interests
Voluntary regime of content sharing
(to enable content sharing)
(control over privacy)
(P2P & distributed network)
A 'lingua franca' for sharing data
Protocols for structuring data
with matching keys
Inclusive - defined by anyone
Adaptable... able to evolve
data not yet
How would this improve the status quo?
What would we need to create
an Internet of Impact
Make it easier to (voluntarily) share data
Common standards and protocols to structure data
What key functions and roles are required?
Is it desirable to create a global framework for structuring SII data?
incorporating lessons from relevant precedents e.g.ISDA, FpML, <IR>, GRI etc... (Screenshots) & and alignment with existing social sector initatives e.g. GIIN, OECD, GVE etc.
How could we shape this framework?