IDCC is Founded and Officially Commissioned by SIE Fund to Develop Innovative Impact Management…
(7th August, 2020) We proudly announce that IDCC Hong Kong is launched and it is officially commissioned by Social Innovation and Entrepreneurship Fund (SIE Fund), a Hong Kong Government fund to enhance social innovation and fight against poverty and social exclusion, to develop innovative impact management methodology for 11 impact intermediaries and their 500+ subsidiaries programs in Hong Kong empowered by digital capacity building program and decentralized data technological tools. The goal of this commission is to explore the paradigm shift of social service implementation and social finance deployment to respond to the rapidly changing global decentralization trend and the timely and specific community needs.
IDCC, or Impact Data Consortium Chain Limited, is a non-profit organization, founded by James Leung (Chairman of the Board), Michael Au, Terence Yuen, Johnson Kong, Tat Lam, and Jessica Cheung, Sandra Tai, Chris Gee and other fellows from initial 10 impact intermediaries, and fully supported by professional organizations including Shanzhai City, Hong Kong Institute of Social Impact Analyst (HKI-SIA), Good Impact Assessment Institute (GIA) and HKSEC, Hong Kong Social Enterprise Challenge. Supported by the team of Shanzhai City, IDCC has developed Impact Capacity Building (ICB) programs to empower agencies of 10 impact intermediaries, including Social Enterprise Business Centre of Hong Kong Council of Social Service (HKCSS SEBC); Good Seed of Jockey Club Design Institute for Social Innovation, The Hong Kong Polytechnic University; Be Hub of The Society of Rehabilitation and Crime Prevention, Hong Kong; The Chinese University of Hong Kong Alumni Charity Foundation (ACF); The University of Hong Kong Center for Civil Society and Governance (HKU CCSG); The Chinese University of Hong Kong Office of Research and Knowledge Transfer Services (ORKTS); Dream Impact; General Chamber of Social Enterprise (GCSE); Gravity Capital Partners Ltd.; Social Enterprise Startup Scheme, CUHK. ICB programs consist of a series of workshops and seminars (webinars) to build impact management capacity at both the intermediary level and project level.
IDCC interface for social service projects in Hong Kong
ICB aims at redefining the workflow of impact measurement and management and offers basic change management for all stakeholders to adapt to the new digitized working environment. Besides that, IDCC will offer a customized decentralized data platform based on ixo blockchain protocol to all intermediaries and project task forces to audit impact, share data, cross reference impact while maintaining data sovereignty of individuals or organizations. The combination of ICB program and IDCC technology offers a totally new framework of impact management, with more decentralized organization at the frontline for impact validation micro-services and more trackable impact data flow. This first step will dramatically improve the resolution, accuracy and accountability of impact measurement and prepare for the further connection between digitized impact metrics with social finance.
ixo Blockchain Protocol for IDCC system
IDCC Chairman of the Board Mr. James Leung states, ‘I do believe crowd economy and crowdsourcing is a paradigm shift of doing businesses, affecting all sectors and industries but would occur at different pace across the world.’
IDCC Chairman James Leung and Tat Lam signed IDCC contracts with SIEF
After the ICB program, IDCC will launch a series of programs to further push the limit of crowd social service and social finance. From the bottom up, IDCC will develop the next generation of time voucher programs for a digitized community economy. And from the top down, IDCC will develop more automated social finance tools for pay-for-success conditional finance and smart crowdfunding platforms. For a longer term, IDCC would like to collaborate with mainstream financial institutes to develop more inclusive finance and social service products for the grassroots community in Hong Kong.
Originally published at https://medium.com on August 7, 2020.
