ICON Newsletter #30 - This is MASS Adoption, But It's Only The Beginning

Greetings ICONists,

Wow, what a start for the MyID product. Since our last newsletter, the ICONLOOP team announced two major MyID integrations. The first was a partnership with the Jeju Island government, Korea’s #1 tourist destination, to track and monitor COVID-19 cases. Jeju Island welcomes over 15 million tourists annually and every visitor will be required download the Zzeung app for certification and verification purposes. And last week, the team announced the first commercialized blockchain based KYC credential with Shinhan Bank, one of the largest banks in Korea. This digital ID will allow users to seamlessly open accounts across financial institutions with one MyID login.

These are monumental achievements not only for our ecosystem (because they both use our public network $ICX) and the blockchain industry, but also the identity market in Korea as a whole. This is mass adoption. But it’s really just the start.

Thanks,

Min Kim

ICON Foundation Council Member

The ICONLOOP + Shinhan’s Digital ID is now the most CREDIBLE digital ID in Korea. And with two other banks (NH and IBK) launching soon very soon, Zzeung will gain traction as the country’s leading digital ID aggregator platform.

Below is a high-level summary of how the application will work. Check it out:

For more information on MyID check out Newsletter #9 below.

ICONLOOP officially launced the MyID decentralized identity solution by partnering with Jeju Island for private, secure COVID-19 contact tracing.

This new contact tracing is the result of a collaboration between ICONLOOP and the Jeju Special Self-Governing Province.

When visitors arrive on Jeju Island, they will download a mobile app (Zzeung) to checkin into tourist destinations using a QR code. The data will be secured on blockchain and only accessed in the case of a COVID-19 contact.

In July, we approved 9 grants. This month, we approved 6 ranging from DApps to design. See the full list below and check out the Monthly Grant Recap for more details!

We love seeing more and more interesting use cases for the #ICONProject, so if you have a good idea, please submit your grant request here. We look forward to growing our network alongside talented teams!

It was a busy month of preparation for a MAJOR announcement in the coming weeks. Besides that, we had some urgent development work in passing the Revision #10 to combat an attacker and fix a vulnerability. In addition, we have selected the contributor for the Contribution Proposal System. We are happy to announce that iBriz will lead these efforts!

Please check out our monthly technology roadmap update for more details below: