Most of these projects are interested in ICONs Chain ID technology, which is an identification service based on blockchain technology. The service can be used by various ventures and companies, from universities to government agencies, hospitals, financial organizations and many more. Sogang University, Pohang University of Science and Technology and Korea University have already signed up for the service. Similarly, Korea Financial Investment Blockchain Consortium has taken notice of the technology and is looking to implement it, enabling its customers to use a single ID across 25 banks and securities that sit under KFIBC custody.
Just recently, a partnership with Trive, Singapore based VC has been announced. The partnership will leverage ICON’s expertise with Trive’s regional reach in Southeast Asia to develop ICON-based blockchain courses for educational purposes. Foundation Council Member of Icon, JH Kim said;
“The partnership with TRIVE will allow ICON to not only educate the public on blockchain technology, but also expand ICON’s ecosystem and community. Singapore and Vietnam are at the center of blockchain innovation in Southeast Asia, and we are excited to work with TRIVE to further realize the full potential of blockchain in this region.”
It’s partnerships with the government of South Korea might turn out to be its biggest asset, with several government organizations looking to use ICON technology in the future. Such close relationship might imply a favorable treatment from the otherwise crypto strict government agencies of this Asian country.
ICON is still a relatively unknown project in the West. It is currently enjoying the status of a regional giant and once its technology is perfected we should expect more and more investors to take notice. With solid fundamentals and an impressive network of partners to boot, ICON (ICX) has all the elements required to finish this Q2 and the year of 2018 in a strong manner.