ICON’s tasks to connect South Korea in its Blockchain-based ecosystem are gaining popularity. Recently, at the Blockchain International Digital Festival held by the Seoul Metropolitan Government, ICON showcased its participants what a Seoul citizen will experience with Blockchain Seoul project in partnership with the Seoul Government.
The Demonstration was the outcome of multiple partnerships between ICON LOOP and many government organizations including the Korea National Information Society Agency, Korea National Election Commission, and the Seoul Metropolitan Government.
The company intends to create a more democratic, reliable and prosperous society built with ICON’s blockchain technology.
The Three Main Components
ICON showcased three main components of its blockchain ecosystem: the ICON Blockchain Identification Card, ICON Blockchain S-Coin Payments and ICON Blockchain Vote.
ICON Blockchain Identification Card
The ICON’s Blockchain Identification card is very easy to set up. Initially, the users have to register and fill up the basic details. Later they should click their photo with a webcam on their laptop. Next, as soon as the user scans the QR code generated, the ICON ID card is transferred to the users mobile phone.
ICON Blockchain S-Coin Payments
This ICON Blockchain product will permit the users to transact temporarily and cash-free. The user’s first need is to scan a QR code of the product which will then transfer all the details of the product directly to the app. The payment for the desirable scanned product can be done automatically, cash-free, using S-coins.
ICON Blockchain vote
The creation of the Blockchain ID Card lets the user vote by using the ICON’s Voting system. The voting device has been created as part of the partnership with the Korea Nationwide Election Fee and the Korea Nationwide Data Society firm.
The ICON released its first mainnet in April this year and came off the Ethereum network to get on their own blockchain network. Since then, ICON has experienced a series of developments that include getting on as an operator of Seoul’s blockchain platform for ‘Seoul Blockchain Demonstration Challenge’.
ICON teamed up with TRIVE in May this year, to develop an educational ecosystem with a focus on the blockchain era. Later in June, a cryptocurrency exchange, Binance, announced that it will be swapping ICONs ICX ERC-20 tokens for mainnet ICX, five months post the release of the mainnet.
ICON additionally, has been planning to make Jeju the blockchain center of Korea with Jeju Governor. The Mayor of Seoul, Park Won-soon recommended that the use of S-Coin should be done within the entities of the Seoul Metropolitan Government. He recently announced a five-year strategy to invest over 108 million dollars and make the city into a blockchain-based smart city.
