The New iBUILD Technology Provides a multi-faceted, One-stop Solution
The rapid growth of cities, particularly in developing economies is well proven. Mega-cities of more than 10 million inhabitants have more than doubled since 1990, when just 10 cities met that benchmark. As of 2014, there were a total of 28 such cities, collectively harboring 453 million inhabitants. This rapid change is due to multiple factors, precipitating a chronic, exponential growth in the shortfall of affordable housing.
“Extreme poverty is often concentrated in urban spaces, and national and city governments struggle to accommodate the rising population in these areas. Making cities safe and sustainable means ensuring access to safe and affordable housing, and upgrading slum settlements.”
“Managing urban areas has become one of the most important development challenges of the 21st century. Our success or failure in building sustainable cities will be a major factor in the success of the post-2015 UN development agenda”
-John Wilmoth, Director of UN DESA’s | Population Division
Over the past four years, a group of housing and technology experts have been building and testing a revolutionary mobile application to ignite housing construction. It is a model that utilizes disruptive technology to tackle the problems that are most intensifying the gap in production of affordable, residential housing. Most simply put, the new technology platform, aptly named, “iBUILD” is a C2C (citizen to citizen) mobile application that “Empowers the World to Build”.
The new iBUILD technology provides a multi-faceted, one-stop solution to a complex, dynamic set of issues that face not only consumers, but lenders, architects, government, contractors, workers and suppliers alike. The mobile platform was developed for USSD and SMS code to address the needs of developing economies. iBUILDTM creates open and fair access to meaningful work through a comprehensive housing construction marketplace inserted into a transparent ecosystem of support that includes a mobile wallet solution for all stakeholders in the housing construction process; iBUILDTM enables any individual to have the power to connect and transact in order to sustainably replace, repair and improve the adequacy and security of their own shelter based on individual need.
Transparency of funding disbursements through the virtual wallet is a key feature in attracting major partners to the platform. Diversion of housing-related funds in developing countries is a major detractor for banks and micro finance lenders in the housing industry. Further, diversion of appropriated capital is the primary hurdle in getting reconstruction funding and aid directly to individuals struggling to recover from natural disaster and war. iBUILDTM uniquely solves these problems for primary players in the microfinance construction loan and disaster recovery space.