While the World Bank reports that global poverty is declining, the COVID-19 pandemic continues to leave millions of people struggling to survive in a changing economy.
With a world in crisis, it’s more important than ever that we bolster humanitarian aid by any means available. According to the founder of Immediate Solutions Initiative, Ronald Khan, cryptocurrency and blockchain technology may play a large role in the support and improvement of humanitarian aid.
The Benefits of Blockchain
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.
How $Share Coin is Making an Impact
S.H.A.RE stands for Strategic Humanitarian Aid REsponse Coin. $Share Coin is an ETH Layer 2 and Binance Smart Chain token designed by the $Share Coin Foundation to combat poverty, corruption, and economic crisis.
The $Share Coin Foundation recently donated $2.5M in $Share Coin to the United Nations’ Sustainable Development Goals (SDG) Impact Fund, which the UN accepted. Founder Ronald Khan claims that the UN’s acceptance of their donation was one of the proudest moments of his career so far.
Building 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.
Experience the $Share Atomic Swap
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.
Immediate Solutions Initiative: Sharing Their Success
ISI is a cut above almost every other tech company on the market. While they are finding success, they don’t hoard their good fortune; they share it with those who need it most. The team hopes that other companies will follow their lead and invest in humanitarian aid.
Name: Immediate Solutions Initiative