Hundreds of blockchain projects are cropping up around the world but the technology’s true potential to seamlessly share information is still largely untapped. Generally, the majority of blockchain projects place emphasis on their decentralization methodology and lack evidence of adoption in the real world due to their business limitations and technological limitations in terms of performance, ease of use, and service quality.

The ICON Project aims to overcome such challenges and help advance our society towards true hyperconnectivity. ICON  is collaboration between theloop and Dayli Financial Group, a house of Korean fintech startups to allow government departments, universities, hospitals, securities, banks and any private company to interact without third-party networks that charge transaction fees or delay the process.

Theloop is a specialist in the domestic blockchain technology that has been providing blockchain based solutions in Korea for well over 2 years.  The loop have developed an open source enterprise blockchain engine called loopchain.  This is a customized blockchain solution that can be optimized for various environments from financial services such as authentication, liquidation, and trading to non-financial business such as IoT environment based on its own modular structure.