Press Release

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Press Release

ICONLOOP showcases practical and interactive blockchain services

작성자
ICONLOOP
Date
2018-11-02 16:25
조회
113
ICONLOOP demonstrated the ‘Blockchain Seoul’ application at the ‘Seoul International Digital Festival 2018’ held at Dongdaemun Design Plaza (DDP) on October 29th and 30th.

ICONLOOP, when introducing Seoul’s blockchain standard platform, demonstrated the blockchain service exclusively for event participants to experience the future of the city of Seoul. During the event, the site was packed with over 250 people, including ordinary citizens, blockchain professionals and investors from the blockchain industry. The service was carried out via ICON’s TestNet IRC2 (ICON platform-based token) and the demo application.

The ‘Blockchain Seoul’ application demonstrated 3-steps of services, which consist of ‘Blockchain ID’, ‘Blockchain Voting’, and ‘Blockchain Payment’. ‘Blockchain ID’ is generated with an input of basic personal information. The next step, ‘Blockchain Voting’, was linked to Blockchain ID, followed by voter identification, and the results of the ballot count were relayed in real time via electronic boards. The ‘Blockchain Payment’ service allowed users to spend cryptocurrency, offered as a reward for participation in blockchain voting to pay for the product, and is configured to scan the product QR code in an offline venue to purchase the product immediately.

“We have prepared this promotion for citizens to feel more confident about the practicality of blockchain technology,” said JH Kim, the CEO of ICONLOOP and Council Member of the ICON Foundation. He added, “Blockchain technology will ensure privacy rights, realize direct democracy, and further promote the revitalization of local commercial and non-profit sectors in the form of local currency”.

In August, ICONLOOP was selected as an operator of Seoul’s standard blockchain platform for the ‘Seoul Blockchain Demonstration Project’, which is commissioned by the Seoul Metropolitan Government. This project is a follow-up project of Seoul Metropolitan Government’s ‘Information Strategy Planning for Building Blockchain Based Municipal Innovation (ISP)’ conducted last year. It includes the introduction of the Seoul standard blockchain platform, two leading blockchain businesses, and three verification businesses for the provision of blockchain-based administration services.

ICONLOOP has been applying loopchain, ICONLOOP’s self-developed blockchain engine, to Seoul Blockchain Standard Platform, a used car trading system, and mobile-voting system. Also, verification business is planned for services closely related to citizens’ lives, such as citizen card, mileage integration, subcontract payment, and others.