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ICONLOOP company logo
INTERNET | Internet Software & Services / Monitoring & Security
iconloop.com

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Founded Year

2016

Stage

Bridge | Alive

Total Raised

$13.4M

Last Raised

$5M | 1 yr ago

About ICONLOOP

ICONLOOP is a blockchain technology company specialized in the implementation and design of blockchain technology. ICONLOOP has developed my-ID, a blockchain-based digital ID (DID) service; loopchain, a blockchain core engine; and DPASS, a blockchain-based self-sovereign identity authentication service.

ICONLOOP Headquarter Location

100, Cheonggyecheon-ro 3F Signature Tower

Seoul, 04542,

South Korea

Latest ICONLOOP News

South Korea’s tourist hotspot launches DLT-based app tracing COVID-19

Jan 14, 2021

Jeju Island and blockchain company Iconloop are proceeding with a full rollout of their COVID-19 contact tracing app following successful pilots. 242 Total views News  Jeju Island, a major tourist destination in South Korea, is introducing a government-backed, system for tracking COVID-19 contacts based on blockchain technology. On Jan. 14, the Jeju Special Self-Governing Province and blockchain technology firm Iconloop announced that the blockchain-based contact tracing system is now fully operational. Called “Jeju Safety Code,” the project was initiated in August 2020 to enable COVID-19 contact tracing for Jeju Island’s 15 million annual visitors. The project has been developed jointly by Iconloop and Jeju Island through a public-private partnership agreement. Since August, the local government and Iconloop have been implementing the system at public institutions on the island as well as a number of businesses like restaurants in the Jeju Provincial Office area. Following successful pilots, Jeju Safety Code was featured as part of wider social programs like the “Safety Net Strengthening” and the “Jeju-type New Deal Comprehensive Plan” in October. At least 5,000 businesses on Jeju Island have applied to register for the system. The Jeju Safety Code allows visitors and tourists to securely check in at public places without risking the loss of personal data. To use the Jeju Safety Code app, visitors scan a QR code at a business or tourist destination. Business owners can place QR codes across their facilities, allowing people to check in without forming a line. According to the app’s creators, users do not need to sign up for an account to check in. When a visitor checks in, their location is authenticated, without the business needing to store any of their personal information. Visitor’s personal identifying information and visit records are stored in a private blockchain network. The app uses Iconloop’s decentralized identity, or DID, technology system to ensure that all data is kept private unless a COVID-19 case is discovered. According to Iconloop, the information is only used for the purpose of epidemiological investigation of confirmed cases. Iconloop has been actively collaborating with the South Korean government in blockchain development. In early January 2021, Iconloop secured approval from South Korea’s Ministry of Science and ICT to test its DID tech to manage driver’s license data in the country.

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Expert Collections containing ICONLOOP

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ICONLOOP is included in 3 Expert Collections, including Blockchain.

B

Blockchain

3,362 items

Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance (DeFi), NFTs, and more.

C

Cybersecurity

4,726 items

D

Digital ID In Fintech

268 items

For this analysis, we looked at digital ID companies working in or with near-term potential to work in fintech applications. Startups here are enabling fintech companies to verify government documents, authenticate with biometrics, and combat fraudulent logins.

ICONLOOP Web Traffic

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