Open-sourced accounting innovation called Data Value Accounting
SDG’s of application
Offers from OrbMB Technologies Corp.
Our platform packs distributed ledgers onto mobile devices using the cryptographic Protocol of Exchange©, delivering glossy rich streaming digital media content.
Rethinking the Intrinsic Nature, Value & Worth of Data in the Accounting Ledger
Open-sourced with global Creative Commons licensing. This is part of OrbMB's community impact activities.
Whitepaper #01 at https://orbmb.com/hearth : Using newly-generated (wild/raw) data to finance volunteers and data volunteering (donations) for activities that produce a social good. The method converts Labour Expense to Real Assets. This shocked accountants. It is not supposed to be possible; and creates revenue, cost-reorganization, and net earning opportunities for charitable activities and IoT data donations. It is useful in every country because it flows from re-thinking the intrinsic nature of data entered in a ledger, not the laws of a specific country. The practical applications are to use data loggers to earn net compensation from old/new data spreads. See: (a) 1-page calculation with tax credits note and [(w+x)-y=z] sum arithmetic: https://orbmb.com/wp-content/uploads/2018/12/dhuer-data-for-tax-credits-2017-2018.pdf, (b) Implications for Financial Statements: https://orbmb.com/hearth/whitepaper-01-summary/re-think-summary/ & (c) Executive Summary: https://orbmb.com/hearth/whitepaper-01-summary/