Why an Economy Needs a Steward

SASENI, and the difference between running a platform and governing an economy.

Explainer2 min readEditorial draft

In brief

  • A platform answers to its owners; an economy needs a body whose mandate is the health of the whole.
  • SASENI is both a network (it connects participants) and an institution (it carries rules and continuity).
  • Three systems of equal weight sit beneath it.

A platform can be run by a company. An economy has to be governed.

The difference is accountability. A platform answers to its owners and optimises for its own growth. An economy has many participants — creators, platforms, partners, institutions — whose interests do not always align, and it needs a body whose mandate is the health of the whole.

Running a platform

A company’s job
  • Answers to its owners
  • Optimises for its own growth
  • Can change terms for its own reasons

Governing an economy

An institution’s job
  • Answers to the whole set of participants
  • Optimises for the health of the whole
  • Changes rules in public, under a mandate

That body is SASENI, the Sanaa Sanifu Economic Network & Institution. Established by the Sanaa Sanifu Charter, SASENI governs and stewards the Sanaa Sanifu Economy. Its name describes two duties. As a network, it connects participating platforms, partners and creators into one coherent economy rather than a collection of separate schemes. As an institution, it carries the rules, standards and continuity that let that network be trusted over time.

Beneath SASENI sit three systems of equal weight: S₵, the monetary system; S4, the financial platform; and SSI™, the economic intelligence system. None ranks above the others. Money without settlement cannot move; settlement without measurement cannot be understood; measurement without money has nothing to count.

Fig. — SASENI and the three systems
SASENIGoverns and stewards
S₵Defines value
S4Moves money
SSI™Measures the result

Stewardship is the word that matters most. A steward holds something on behalf of others and is expected to hand it on in better condition than it was received.