| Notes |
It All Began One Day...
The movement to create a place to share how social services make impact was first set into motion over a half-decade ago through countless conversations between Hong Kong’s social impact ecosystem leaders, academics, impact investors, and grassroots communities, to identify systemic industry-wide and society-wide problems for which a better flow of information and communication could help to provide immediate relief and unlock long term value for Hong Kong communities.
The swirl of these energies began to take focus and shape within the last two years, with the leadership of the fellows of Shanzhai City, CUHK ACF and HK-SIA guiding a collaboration between industry leaders and community stakeholders, in conjunction with the support of public-private-partnership, to become a registered Hong Kong non profit organization limited by guarantee in 2020, as a city-wide open-source technology initiative called the Impact Data Consortium Chain, upon which the future of how digital information will change society can be discussed, exchanged, and enacted as collective actions for good.
IDCC’s consortium members collectively acknowledge the need for establishing a city-wide data platform as the organization’s first step, that allows them to more conveniently manage impact data for the sake of transparency, accountability, and making information become actionable, informing better policies, and creating more value for an ecosystem that often is lacking in crucially needed resources. With this impact data infrastructure to become the new cornerstone for Hong Kong’s social impact community to become empowered with better insights and data-driven collective action in the midrun, in the not-so-distant future, IDCC has its sights set on working with its consortium members and community stakeholders to build data-driven tools to unlock social finance – bringing much needed investment into the social impact markets, and moreover to provide last-mile financial inclusion tools for grassroots communities to boost liquidity where it can make immediate and direct impact. |