‘MyID’, highly touted by companies and institutions alike
ICONLOOP Co., Ltd., founded in May 2016, provides innovative platforms and services as a leading Koreabased block chain company. As the technological value of blockchain enhances, ICONLOOPis fully committed to concerted efforts to make a positive impact on daily life.
Based on our self-developed ‘MyID’, which is a type of DID (decentralized identifier) identity authentication platform, ICONLOOP is piquing the keen interest from users in line with the development of DID identity authentication service, such as integrated visit management service, and electronic access logbook (KI-Pass). In particular, as one of the pillars of the ‘MyID Alliance’, in South Korea, where the concept of selfsovereign identity verification was in the nascent stage, we attained a major performance milestone of being the first to commercialize DID in the domestic financial sector. Currently, ICONLOOP has attained the title of pioneerin various industries and stands at the forefront of the domestic DID ecosystem with several cases of commercialization.
Some representative successes include cases where DID was applied to real-name authentication for Shinhan Bank and NH Nonghyup Bank in the financial sector and the COVID-19 vaccination information service. ICONLOOP Co., Ltd. plans to support internal management and control of online personal data in various fields such as identity, access, and credentials authentications through ongoing cooperation with various municipalities such as Seoul Metropolitan, Jejudo, Gangwon-do, and Pohang City governments.
Unrivaled technology highly touted by 85 companies
The services implemented by ICONLOOP Co., Ltd. are garnering rave reviews in the domestic blockchain platform market. Our technological prowess has been highly touted mainly in the financial sector, health care, and local governments by providing stable and reliable operations.
In addition, as a leader in the blockchain platform industry, we maintain partnerships with 85 various institutions and companies, including various banks, securities companies, e-commerce companies, and manufacturers. Starting with the financial sector, we are fully committed to our mission to establish pioneering cases of blockchain utilization by expanding our cooperative partnerships with the sharing economy that embodies social value and healthcare providers increasing people's wellbeing index in the future.
As DID is commercialized in South Korea, MyIDbased ‘zzeung’ is also garnering rave reviews. Owing to the advantage of being able to authenticate with ease by simply recognizing a fingerprint or QR code, the DID identity authentication wallet service ‘zzeung’ was accredited for its potential for success by ranking 2nd place in the Apple App Store's financial category popularity chart and 5th place in all fields within a month of service.
Besides the financial sector, ICONLOOP's services has also played a leading role as a platform to prevent the spread of COVID-19. 'Jeju Safety Code', operated in collaboration with Jeju Special SelfGoverning Province and ICONLOOP, was used by 2 million people on Jeju Island at about 50,000 multiuse facilities for social-distancing measures, owing to its advantage of providing vaccination info. issued at the time of QR check-in for convenience when the COVID-19 vaccination info. service was applied.
In addition, we launched 'VisitMe' a visitor credentials authentication service that enables contact-free check-in onsite after verifying the identity of a visitor in advance using DID technology, and our technological prowess and reliability have been touted by customers once again with 'Broop,' our blockchain-based digital certificate issuance system designed to issue public documents without building a separate internal database.
Making the World a Better Place through Blockchain
Blockchain technology has garnered the media spotlight since the advent of Bitcoin. It’s true that security (encryption) software technology, including NFT, has been developed and released from a while ago, but as the high-speed internet culture gains fullfledged traction in the 4G era, the public's interest in cutting-edge security (encryption) technology has increased dramatically. In line with this current trend ICONLOOP Co., Ltd. has achieved various milestones and results by realizing our corporate philosophy in practice to benefit the public through blockchain technology.
In 2018, we wonthe Minister of Science and ICT Award for our contribution to the development of blockchain, and the following year, we received 1st Grade in GS Certification, and received the Grand Prize at the ‘Korea SW Product Quality Awards’. In addition, through ongoing research and development, we have registered 11 patents (4 applications), and strive in earnest to develop exclusive technology internally.
General Status
Implementing Agency Korea Internet & Security Agency
Business Details Laying the foundation for blockchain utilization
