Iconloop secures gov backing to test blockchain driver's license project
South Korean blockchain firm Iconloop is set to test a blockchain-based mobile driver’s license system in the country. Enterprise blockchain firm Iconloop has secured approval from South Korea’s Ministry of Science and ICT to test its decentralized identity, or DID, technology system to manage driver’s license data in the country.According to an announcement from the company, the trial run aims to showcase the DID’s capabilities in offering secure data storage while preventing data forgery.Commenting on the project, Iconloop CEO Jonghyup Kim remarked that the company’s DID platform allows....
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The South Korean tax authority is trying to track the movement of ICO funds raised in foreign countries into its domestic markets. The ICON Foundation, creator of the ICON (ICX) project, has issued an official response to the news that South Korean tax authorities are investigating its technical partner, ICONLOOP. In a statement published on Monday, the chairman of the ICON Foundation, Min Kim, said that the ICON Foundation would not be affected by the investigation, noting that ICONLOOP is operated as a separate entity.The ICON Foundation is a non-profit organization based in Switzerland.....
Jeju Island and blockchain company Iconloop are proceeding with a full rollout of their COVID-19 contact tracing app following successful pilots. Jeju Island, a major tourist destination in South Korea, is introducing a government-backed, system for tracking COVID-19 contacts based on blockchain technology.On Jan. 14, the Jeju Special Self-Governing Province and blockchain technology firm Iconloop announced that the blockchain-based contact tracing system is now fully operational.Called “Jeju Safety Code,” the project was initiated in August 2020 to enable COVID-19 contact tracing for....
It's perhaps best explained by a car crash. As veteran entrepreneur Armin Ebrahimi tells it in interview, his car was hit by a truck two nights ago. The driver had no insurance, and he had little reason to trust him because of the poor quality of his government-issued driver's license. "The picture didn't really match him. It was difficult to know it's him, the picture was a little more clean cut. It's got a PO box address on it, so I took the information I could," Ebrahimi explained. Ebrahimi isn't just any driver. He's also the CEO of ShoCard, a blockchain technology startup that's....
One of the world’s largest crypto firms, Binance, is aggressively making its presence felt across several nations. Before now, the crypto company has launched its operations in Europe. This event followed its launch in Italy and France. Furthermore, the blockchain service provider established its roots in Spain after obtaining another operating license from the Bank […]
Wings is different in scope from the troubled Ethereum’s DAO. The new platform is seeking to achieve a different result by test driving its crowdfunding and DAO platform for the launch of new projects. After the completion of its backing campaign, Wings released the alpha version of its platform. The alpha version gives everyone a basic idea of how their systems will work and provides a way to receive feedback. This demonstrates its difference on the market. Some examples of this are enabling projects to be independent in tokens, smart contracts, backing campaign and governance structure.....