Signal from ICON (ICX)

“Seoul Metropolitan Government testing out the ICON Public Blockchain. See the actual transactions on main net and read more below:” — Min Kim, Foundation Council Member

Summary

Government of Seoul using ICON, sees value in blockchain

Prevents falsification and fake issuance by recording history on blockchain

Seen as first step in adoption of public blockchain by government

Significance

The government of Seoul is using ICON, the largest blockchain project in South Korea by valuation, to process information, issue documents, and conduct a wide range of administrative tasks. The project supports issuance and browsing through mobile phones, preventing falsification and fake issuance by recording history on the blockchain. Authenticity of the record can be verified in the ICON Tracker.

J.H. Kim, a council member of the ICON Foundation and CEO of ICONLOOP, explained:

“We see this project as the first step in the adoption of ‘public blockchain’ extending from the current private blockchain usage by public agencies in South Korea. ICONLOOP will work closely with the city’s administrative services to realize the future where disruptive blockchain technology to underpin many aspects of our daily lives.”

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