LegalKey Concepts
Key ConceptsKey Concepts
Start here: the main ideas across every legal document, in plain language.
All legal documents
Welcome to Sourcery Connect. This Key Concepts overview explains, in plain language, the main ideas behind your membership of Sourcery and your use of the Connect Platform.
This overview is not a legal document and is not enforceable. The full documents always apply: the Membership and User Agreement, Privacy Policy, Data Stewardship Policy, Equity Credit Programme and Partner Governance Framework, all available at thesourcery.io/legal.
7 sectionsSelect a section to open it
1Your Membership
- Who you contract with. Your agreement is with Sourcery Partners, LLC, an Oregon limited liability company that operates Connect. It is the operating subsidiary of Sourcery Group, Inc., which owns the platform’s technology.
- Free to join. Membership and core trading on Connect are free on the Trade plan. The paid plans, Transform, Transform Plus and Transform Pro, add advanced tools and arrive with Connect 2.0.
- Who can join. Businesses and individual producers aged 18 or over. You may be asked to verify your company and its key people (Know Your Partner) before you trade.
- Membership is not shares. Being a Member gives you no shares or voting rights in either company. Ownership is earned only through the Equity Credit Programme (Section 5).
2Your Identity and Data
- Your Sourcery ID. When you register you receive a 20-character Sourcery ID, a Self-Sovereign Identity (SSID) that links your mobile number to your location to verify who you are. It is your membership number, and other users see it to identify your Account. Keep your credentials safe and report any misuse straight away.
- You own your data. Everything you create or upload, including documents, photos and trade records, stays yours. Sourcery claims no ownership of it. The method used to collect it belongs to Sourcery Group, Inc.
- Your Partner Data Vault (PDV). Your data is kept in secure storage in your PDV, linked to your Sourcery ID. Sourcery staff view it only with your permission, for example to help resolve a trade dispute.
- Who else can see it. Your data is not shared outside Connect without written consent from you and Sourcery. You can give approved Impact Partners temporary access to verify specific data, and connected apps may use your data only for the service you have authorised.
- Blockchain records are permanent. A digital fingerprint of your data is recorded on a blockchain to prove its history. It cannot be changed or deleted. If you leave, its link to your identity is removed.
3Earning from Your Data
- Your choice. You decide whether to license your data through the Sourcery Exchange. It is combined with other data and anonymised into digital assets called BlueBox.
- Royalties. When a BlueBox is sold, royalties are paid to your wallet as BluePoints, which can be converted to your local currency. Sourcery Partners, LLC processes these sales, collects the payments and passes them to you.
- Your personal details. We do not sell your personal information.
4Trading on Connect
- Your trade contract. Each trade is a contract directly between buyer and seller, under the Transparent Trade Agreement and the in-app Agreement Summary (Annex A) that records price, volume, delivery and Incoterms®.
- Sourcery is neutral. We facilitate trade but are not a party to it. We do not guarantee outcomes or verify product claims.
- Trade honestly. Record all material terms on Connect, upload authentic documents, keep prices in line with fair market value and perform in good faith.
- Disputes. Disputes between buyer and seller go first to the Sourcery Trust Line for mediation, then to binding arbitration as set out in your Transparent Trade Agreement.
- Standards. Partners must respect human rights, including ILO conventions. Manufacturers, Traders and Producers may need a recognised social compliance audit for each Verified Place. Use Sourcery logos and sustainability claims only as authorised.
- Good standing. Trade defaults, taking platform trades off Connect, sanctions breaches, false documents or fees more than 90 days overdue can lead to suspension and the loss of any Equity Credits.
5Ownership and Governance
- Equity Credits. Active Partners can earn Equity Credits that convert one-for-one into non-voting shares of Sourcery Group, Inc. after five continuous years of membership. The Programme starts once 500 verified Commercial Partners are active and the Board approves it. Plans earn 1 (Trade), 25 (Transform), 50 (Transform Plus) or 100 (Transform Pro) credits, with an Early Adopter bonus for the first Partners.
- To qualify. Stay in good standing for five years, complete at least two verified trades a year and 15 in total, and refer ten qualifying new businesses. Credits are not shares or securities until issued, cannot be transferred, and are lost if membership ends early.
- Your voice. The Membership Council has five elected seats, for Producers, Manufacturers, Traders, Brands and Impact Partners. Every active, verified user can vote. The Council recommends policies and appoints one member of the Board of Sourcery Group, Inc., which makes the final decisions. The framework takes full effect at 2,500 active, verified users.
6Privacy, Liability and Leaving
- Your privacy. We collect your contact details, Sourcery ID and usage data, and your location and camera only with your permission. You have rights under the GDPR and CCPA/CPRA to access, correct, delete and move your personal data.
- Leaving. You can deactivate your Account at any time and request a one-time export of your data. In the app, go to More › Legal › Delete Account, or email legal@thesourcery.io. Personal data is deleted from our primary servers within 30 days, except where the law requires us to keep it.
- Liability. Connect is provided “as is”. Sourcery is not liable for indirect losses such as outages or lost data. Its total liability is limited to the lower of the fees you paid in the last 12 months or US$10,000, and claims can be brought only against Sourcery Partners, LLC.
- Law and changes. Oregon law applies. Disputes with Sourcery go first to good-faith talks for 90 days, then to arbitration. We will tell you about material changes to the documents.
7Key Terms
| Term | What it means |
|---|---|
| Agreement Summary (Annex A) | The in-app record of the terms a buyer and seller agree for one trade. |
| BlueBox | An anonymised digital asset made from verified data, licensed through the Sourcery Exchange. |
| BluePoints | The reward units royalties are paid in, convertible to local currency. |
| Equity Credit | A conditional credit that can convert into one non-voting share of Sourcery Group, Inc. |
| Impact Partner | An approved auditor, verifier or scorer who can be given access to verify your data. |
| Membership Council | The five elected Member representatives who recommend policy to the Board. |
| Partner Data Vault (PDV) | Your secure storage on Connect for data, documents and media. |
| Sourcery ID | Your 20-character Self-Sovereign Identity (SSID) and membership number. |
| Transparent Trade Agreement | The standard purchase and sale contract that governs trades on Connect. |
| Trust Line | Sourcery’s mediation service for disputes between buyers and sellers. |
| Verified Place | A site, such as a farm or factory, verified to trade from on Connect. |
Questions? Email connect@thesourcery.io, or legal@thesourcery.io for legal matters.
Trust in Trade Is Everything.
Download Connect to become a member and start trading for free.
Available on