2017 Achievements

<2017 Achievements>

LOOP-ONE: loopchain, the core engine of the ICON network, is distributed as open source software. We also had a “Blockchain Demo Day” with software developers and financial experts.

Chain ID: 25 Institutions collaborated in the Financial Investment Consortium at the launching event of the Blockchain ID, a blockchain shared certification service. The opening event gained media attention with Don Tapscott’s attendance, who serves as an advisor on the advisory board.

U-Coin: U-Coin is a blockchain platform that makes it possible to pay, charge and transfer money using a smart vending machine. The U-Coin was well-received at the pilot service run atSogang University and Postech University.

Insurance auto-claiming service: In December 2017, Kyobo Life Insurance launched a consortium for insurance auto-claiming system. The response was hot in the Global IoT exhibition 2017 which took place in COEX.

Weebee Coin: We partnered with Woori Bank, one of the top-tier bank in South Korea, to build a service where digital currency is used as cash or card in franchises. Weebee Coin is expected to expand to university communities and regional societies.

Blockchain-based Document management platform: theloop, the blockchain technology team behind ICON, signed a MOU with ChainToB, a blockchain startup company, to collaborate on developing blockchain-based document management platform.

Blockchain Interoperability Alliance: ICON, AION, and Wachain formed the first Blockchain Interoperability Alliance in the industry. The Alliance’s main priority is to collaborate on developing a global standard for interchain communication and transactions. This will be achieved by conducting Interchange Transaction research, developing common industry standards, sharing research, and collaborating on protocol architecture.