Everyone’s talking about $ICX after the price increase of 83% in a week and 177% from the beginning of 2020. Many questions are floating around on staking, and more importantly, what the ICON project is all about.
Simply put, ICON is a decentralized network governed by Public Representatives (‘P-Reps’) where anyone can build and deploy applications. In the future, applications on the ICON network will be interoperable with other blockchain networks like Ethereum. For example, one team has built a karaoke app called Somesing
while others built gaming apps, ICONbet
, the main company behind the ICON project, is bringing enterprise adoption to the ICON Network with Decentralized ID ('DID’) applications. This week, let’s take a look at 4 Decentralized ID ('DID’) related projects our team has built or is currently working on.
'My-ID’: Bank-grade Digital ID card approved by Korean financial regulators. Imagine being able to carry your Driver’s License or Passport on your mobile phone. The product is being developed with 47 enterprise partners. Uses include opening financial accounts, digital payment with improved verification, and checking into hotel rooms.
#broof: Digital certificate issuance and verification service that is complementary with 'My-ID’. The product is being used or live-tested by 15+ customers. Uses include authenticating employment, education degrees, and art pieces.
'VisitMe’: Digital guest pass management for enterprise. The product has just entered beta and began live-testing at our very own ICON HQ in Seoul, Korea.
Meeting Room: Room reservation system for enterprise. The product is being used internally by ICONLOOP. The system manages 14 meeting rooms for 150+ employees using ICON’s public blockchain.
We have the latest updates, photos, and videos of these DID applications and other news below. Scroll down to read more.
Min Kim, ICON Foundation Council