Proceeding with technical and business cooperation to discover new market opportunities

Greetings from the ICON Team,

The ICON Foundation is proud to announce that on September 20th, 2018, we signed a Memorandum of Understanding (MOU) with SK Planet for ‘Blockchain Technology and Business Cooperation’. The ICON Foundation and SK Planet will work together to create new customer values and business opportunities by linking ICON’s blockchain technology with the Korea’s leading mobile services, such as OK Cashbag and Syrup provided by SK Planet. Through this process, we plan to transform the digital marketing framework for existing brands, and develop a mid-term and long-term roadmap to enhance the customer experience in both online and offline areas.

Additionally, the ICON team will work with SK Planet to support small and medium-sized enterprises (SMEs) to vitalize the local economy. To that end, we will foster a healthy blockchain industry through support of blockchain developers and cooperation with academia.

J.H. Kim, the council member of ICON Foundation said, “Through cooperation with SK Planet, which has OK Cashbag and Syrup services already being widely used by the public, ICON will keep up the hard work to popularize blockchain.”

“Blockchain appears to be one of the key technologies that will promote market transformation in existing industry for the medium and long term” said JM Park, the Head of Marketing Platform division at SK Planet. He added “SK Planet will work with ICON to derive synergies in various fields so that we can offer differentiated benefits to our customers.”

Through business collaboration with SK Planet, we hope to create a synergy effect between ICON’s technology and SK Planet’s large-scale users, which is an opportunity to create a real life blockchain use-case.

Thank you,

Hyperconnect the World

ICON Team

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