- ICON has entered a number of strategic partnerships
- The firm aims to promote global blockchain adoption
- The future looks bright
Busy Year for the ICON Foundation
The ICON Foundation (ICX) hopes its blockchain ecosystem will grow globally as it enters strategic partnerships in 2019. The firm has reported expanding its footprint in seeking real-world adoption of blockchain and its use cases.
According to the company’s Q4 2018 report in its official blog post on December 31, 2018, the company achieved many milestones for blockchain mass adoption with an eye single towards “strengthening the technology and capacity of the ICON project.”
The Q4 2018 report lists several projects they completed during this time which they believe are an important step towards achieving its 4th quarter motto what was ‘Mature for a Greater Leap.’
Specifically, the team mentioned the token swap that ended on October 25, 2018, that was supported by leading cryptocurrency exchanges including Binance, Upbit, OKEx, DragonEx, Bithumb, Huobi, Bitrue, Gate.io, and WazirX. The ERC20 ICX Tokens stored in these nine exchanges were automatically swapped to Mainnet ICX.
The report also lists ICONLOOP, the company’s blockchain-based project whose aim is to use automation to enhance the convenience that is online qualification process that’s required during the selection of recipients for welfare and public service. The concept which was commissioned by the Seoul Metropolitan Government, was exclusively selected to become the solo operator of the “Seoul blockchain-based ISP project” on November 30, 2018. ICONLOOP will also be used to streamline the environment for part-time workers using the immutable labor contracts, insurance and better oversight in cases of potential mistreatment.
ICX also achieved an important milestone by inking a strategic partnership with the Japanese blockchain consulting firm LayerX. The Japanese company will help ICON expand its influence in the Japanese market to vitalize ICON’s local developer community. The two partners agreed to co-host conference, hackathons and demo days to enhance the adoption and implementation of ICON’s smart contract ecosystem SCORE. The report adds:
“We are continuing our efforts to expand the ICON public ecosystem and global partnerships in the public sector with newly recruited team members; including Former Programme Lead of UN Specialized Agency, ITU, and Platform Experts from Korean tech giants, Kakao and SK Planet.”
Besides sponsoring and participating in several blockchain events like the Korea Blockchain Expo and the Blockchain Grand Week, besides introducing a blockchain-based identification, voting, payment at the Seoul International Digital Festival (SIDiF) allowing citizens to feel the practicality of a blockchain use case. The firm concluded:
“We are excited about what the future holds and are preparing to take a big leap forward based on the foundation we laid out in the fourth quarter. We truly appreciate your interest in the ICON project and are looking forward to working with you in the New Year!”
