ICON Is Aggressively On The Fast Track For Global Blockchain Adoption And Now Is The Best Time For Investors To Jump On Board Krypto Maverick Follow Jan 17 · 2 min read

South Korean Blockchain Startup ICON is one of the blockchain startups that investors should consider keeping an eye out for especially if they want to invest in a winning card.

The dust is settling as far as the blockchain and cryptocurrency hype is concerned, and the segment is now at a defining stage where nature eliminates the weak ones and the strong ones remain. Notably, two of ICON’s flagship products are already gaining mainstream utilization.

Firstly, two prominent Korean institutions have committed to deploy BROOF, a product of ICONLOOP and powered by ICON blockchain, to facilitate the verification of documents.

ICON’s latest developments especially its public blockchain called BROOF. The latter targets various public sectors and one of them is the education sector.

ICON recently collaborated with Postech which is one of the best universities in South Korea for a real-world use case which demonstrates the mega benefits that blockchain has to offer. The partnership will allow Postech to use the BROOF public blockchain for the issuance of certification and their storage. This will provide easier access especially for employers while at the same time Blockchain’s immutability will help prevent falsification of certificates issued by the university.

The collaboration will also reduce the costs associated with the storage of documents in paper form. It will also allow certificate holders to prove the authenticity of their certificates with ease. This approach demonstrates just how useful blockchain technology can be and how it might be woven into the fabric of society. This type of use case will also help improve many industries and economic sectors. This is a strong indicator that the time is ripe to invest in blockchain-based projects and startups like ICON.

Secondly, My-ID alliance is gaining prominence with the onboarding of new institutions into the ecosystem. Powered by Chain ID, another product of ICON, My-ID enables organizations to ascertain the authenticity of the users of digital platforms. Above all, the solutions are a manifestation of ICON’s primary objective of leveraging blockchain to enhance security on digital platforms.

ICON do not stop there. The project is already implementing a program that enables Koreans to acquire tokenized gold on the go. Users only need an app downloadable over their smart devices. ICON launched CENgold with the singular objective of connecting users to the Korean Gold Exchange. From there, they can buy and sell tokenized gold as much as they want.

Indeed, ICON’s has contributed massively to the efforts to mainstream usage of blockchain. Amazingly, the relevance of the ICON project has gone transnational with the onboarding of organizations like World Vision into the ecosystem.

So far, the developments that ICON has achieved have not done much to raise ICO’s value. Its value has been bearish after the bubble popped on the inflated bull run of 2017. Any blockchain-based growth that will occur in 2020 is based on developments rather than speculation. This type of growth will likely fuel ICO’s genuine growth.

Thanks for the read.

Best,

HypoICON Team

(ICON P-Rep)

https://twitter.com/IconHypo