Social encounters

Interview with ICONLOOP’s CEO JH Kim

Korean-language business news outlet Money Today ran an interview with ICONLOOP’s CEO JH Kim on January 21st. Kim spoke about Korea’s blockchain industry and the direction in which it is moving. He pointed out that in Korea blockchain suddenly came under intense regulatory scrutiny in 2017 and 2018 as the technology became connected to cryptocurrency. However, the country is now taking steps to develop blockchain technology with several R&D projects and public initiatives under way. He regretted that the blockchain scene was now too focused on system integration projects for major corporations. He felt the government should cultivate the blockchain industry in a way that encourages the acquisition of source technology.

He introduced ICONLOOP’s decentralized identification solution “my-ID.” In particular, he contrasts it with the certified certificates commonly used in Korea. Unlike the certificates, which only prove that you are you, “my-ID” proves you are you and includes personal information such as your age, where you live or bank account info. And all that info is protected by blockchain’s decentralization.

Kim also introduced the MyID Alliance, the ecosystem that links ICONLOOP, my-ID users and my-ID acceptors. There are currently 44 entities in the alliance, including financial companies, internet service providers and major corporations.

Moreover, he gave a detailed explanation of the blockchain-based self-sovereign identity authentication service DPASS and certification service Broof. ICONLOOP uses DPASS — which runs on the public blockchain — internally for getting into the office and logging into the corporate intranet, and that he expects the service to synergize and eventually merge with my-ID. DPASS uses the same technology as my-ID, and its decentralized structure ensures the security of your data.

As the era of decentralization is inevitable, he wants ICONLOOP to become a blockchain company that leads that era with the goal of returning data sovereignty to the individual.

Read the whole interview with ICONLOOP’s CEO JH Kim

Meet-up with MakerDAO, Chainlink and ICON

On February 11th at 7pm (KST), ICON will host a joint meet-up alongside leading blockchain projects, MakerDAO and Chainlink. The ICON Foundation are happy to host Kim Jin-woo, General Manager of Korean Community of MakerDao and Yeongin Lee, Korea lead for Chainlink. Bongan Ha, Cryptoeconomic architect of ICON, will also participate in the meet-up by discussing interchain and ICON’s roadmap.

During the discussions, they’ll help visualize the finance, oracle, and interchain focus areas in more detail and hopefully give a clearer picture of how they can be developed to bring blockchain adoption to the masses.

Participating projects:

MakerDAO

Maker is a smart contract platform on Ethereum that backs and stabilizes the value of Dai through a dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and appropriately incentivized external actors. Maker enables anyone to leverage their Ethereum assets to generate Dai on the Maker Platform. The Dai Stablecoin is a collateral-backed cryptocurrency whose value is stable relative to the US Dollar. Unlike other Stablecoins, Dai is completely decentralized.

Chainlink

Chainlink is a decentralized oracle solution that allows smart contracts to connect off-chain data used by data feeds, Web APIs and traditional banking systems. Chainlink is known to provide reliable and reliable Oracle for many projects (Web3 / Polkadot, Synthetix, Loopring, Kaleido, OpenLaw, Reserve, etc.), as well as many large companies such as Google, Oracle, and Swift.

ICON Network

ICON Network is a public blockchain network that builds a real life environment of blockchain technology through the connection of various blockchain communities based on the “loopchain”, a high-performance blockchain engine. Based on smart contract technology and interchain technology, we provide interoperability with heterogeneous blockchains in major industries such as banks, securities, insurance, hospitals, universities, and governments. ICON Network aims to move towards a truly hyperconnected society by removing barriers in the exchange of values ​​between blockchains.