Immediate Solutions Initiative on Blockchain’s Unique Advantages in Humanitarian Aid
According to a report by the UN Office for the Coordination of Humanitarian Affairs (OCHA), humanitarian funding is currently on the rise, with a reported total of more than $27 billion in humanitarian aid in 2020 alone, but a considerable funding gap still prevents donors and organizers from aiding many of those in need. In the report, Under-Secretary-General of Humanitarian Affairs and Emergency Relief Coordinator Mark Lowcock explains that while more money would obviously help with the problem, aid distributors must find ways to use the money more efficiently. OCHA claims that new technologies will be instrumental in improving the process; Immediate Solutions Initiative founder Ronald Khan believes that blockchain technology is the key to reshaping humanitarian aid for the better.
What Can Be Done to Help
Aid organizers can reduce spending by simplifying, securing, and streamlining the costly and time-consuming stages of the transaction and distribution process. Blockchain can be used to coordinate the distribution of aid, grow humanitarian financing, and to track information, crowdfunding, and supply chains. The distributed database component allows organizations to use blockchain to securely gather data about vulnerable populations. It’s critical that organizations keep sensitive data from falling into the wrong hands; using a private blockchain, it is possible to limit access to data to only approved networks. ISI plans to utilize the full potential of blockchain technology to accomplish its goal of improving the quality of human life across the globe.
$Share Coin Promotes Positive Global Change
$Share Coin stands for Strategic Humanitarian Aid REsponse Coin, a name that proudly proclaims the token’s intended purpose. S.H.A.RE primarily refers to an Ethereum Layer 2 and Binance Smart Chain token. It was designed by the $Share Coin Foundation as an economic hedge against corruption and crisis. As a testament to its ability to make a real impact, $Share is now included in the United Nations’ Sustainable Development Goals (SDG) Impact Fund. The $Share Coin Foundation recently donated $2.5M in $Share Coin to the Fund. Upon the UN’s acceptance of the donation, founder Ronald Khan felt an enormous sense of satisfaction. With the United Nations already using $Share Coin to promote positive change around the world, Khan can’t wait to see what other benefits the token has in store for humanity.
Welcome to the ShareSuite
With $Share Coin and the ShareSuite dashboard, ISI is already providing innovative technical solutions to real-world problems. ShareSuite’s digital dashboard and wallet, decentralized vendor applications, QR/SMS-based token redemption function, and wealth of other services were designed to assist humanitarian agencies at every turn. The dashboard is an extremely useful tool that can be used to dispense relief tokens and to enlist local partners and vendors, but ISI is far from finished with its mission to improve humanitarian aid.
The forthcoming $Share platform will be home to a range of crucial and convenient features, including accessible online ID documents, crowdfunding, microfinancing, donor financing, non-profit fundraisers, digital development for businesses, and many others. The Immediate Solutions team is also building the $Share V1 SDK, a blockchain development kit for businesses and developers, which will allow users to build blockchain products with greater speed and power than when working from scratch. Khan believes that “Creating our own development kit will help us build a strong community of blockchain experts.” The team also hopes that the new SDK will attract the attention of noteworthy developers who can both spread the word about the $Share platform and help to improve it. They’re planning to implement bounty programs where developers can earn $Share if they develop or fix bugs in their SDK.
In addition, the team is working on several major developments relating to their platform and advanced algorithm protocols, such as their patent-pending ISI Blockchain Dev Lab Dynamic DLT Merkle Chain Sharding protocols, which will increase their network speed to at least 10,000 times faster than Bitcoin, 100 times faster than Uniswap/Pancake Swap, and faster than literally any exchange infrastructure in existence.
A Function Designed for Freedom and Simplicity
The new $Share Atomic Swap was designed with two things in mind: simplicity and freedom. Finally, users can trade tokens on a variety of different blockchains. You can swap Share Coin, Ethereum, BNB, and other tokens for Tesla, Alibaba, Netflix, AMD, S&P 500, Microsoft, Google, Apple, and over sixty other assets to be released in the coming days. These “mAssets,” or $ShareXchange Mirrored Assets, mimic the price behavior of real-world assets. In 2021, over $1B dollars in mirrored assets are being traded on different exchanges.
The Best of Both Worlds
ISI is not your average tech company. Their humanitarian mission sets them apart from the ocean of others that are only looking to make a profit. For those looking to find success on the cutting edge of technology while contributing to a good cause, ISI is the company to follow.
Name: Immediate Solutions Initiative