The South Korean blockchain project ICON gains momentum with new projects involving the Seoul Metropolitan Government. This week at the Blockchain International Digital Festival, ICON demonstrated 3 new initiatives for their blockchain ecosystem to benefit the residents of Seoul.
The projects include 3 blockchain-based mobile applications:
- ICON Blockchain Identification Card
- ICON Blockchain Voting System
- ICON Blockchain S-Coin Payments
With these innovative projects, ICON aims to provide the people of Seoul with services that will streamline their everyday lives through the use of blockchain technology.
According to a post on Medium, these blockchain initiatives and their demonstration with the Seoul government was the result of number of partnerships between ICON LOOP and government agencies including the Korea National Information Society Agency, Korea National Election Commission, and the Seoul Metropolitan Government.
ICON Blockchain Identification Card
The first project showcased at the Blockchain International Digital Festival was the Blockchain Citizen ID Card. The demonstration showed attendees just how easy the ID Card is to set up.
The first step is to register by filling in some basic personal details. Next, the user must take a photo of themselves using the webcam on their laptop. Once the photo is successfully taken, the user must click their photo to generate a unique QR code.
Next, the user must scan the QR code with their phone to transfer their newly generated ICON ID Card to their mobile phone. The entire process is fast, simple, and seamless.
ICON Blockchain Voting System
After a user successfully sets up their ICON Blockchain ID Card, they can then access ICON’s blockchain voting system.
This project was created in light of the partnership between ICON LOOP and the Korea National Information Society Agency and the Korea National Election Commission.
This voting system is proclaimed to be the “next generation election system based on intelligence information technology” for real world use cases presented by the Korea National Information Society Agency and the Korea National Election Commission.
During the voting system demo, when a user registered a vote using the platform, they were rewarded with an “S-Coin” pegged to the Korean Won.
ICON Blockchain S-Coin Payments
The S-Coin Payments application by ICON will enable users to quickly transact cash-free.
The application works by having the user scan a QR code of the product, which then sends all of its relevant details directly to the app.The payment will then be automatically executed, cash-free, using S-coins.
You can take a look at the full demonstration at the Blockchain International Digital Festival in the video below.
The Future Looks Bright for ICON
In light of these new developments and initiatives by ICON, the South Korean cryptocurrency project continues to make headway in the blockchain industry. Since they launched their mainnet in April 2018, they have seen a host of developments.
For instance, ICON was selected by the Metropolitan Government of Seoul to be an operator of the “Seoul Blockchain Demonstration Project.” They have also partnered with TRIVE, a Singapore-based venture capital firm, to create an educational ecosystem focused on blockchain technology and innovation.
In terms of future developments, the ICON project has been discussing plans with the governor of the Jeju province to make Jeju the blockchain center of Korea. Also, the mayor of Seoul, Park Won-soon, recently announced a strategy to invest $108 million over 5 years to make the city of Jeju into a blockchain-based smart city. Park also proposed that the S-coin should be used within organizations of the Seoul Metropolitan Government.
Taking all of this into account, it appears that ICON shows no signs of slowing down and has a bright future ahead.
