ICON 1Q Achievements
Greetings from the ICON Team,
The first quarter of 2019 has passed and April is here. The ICON team strengthened governance, technology and capabilities of the ICON project in the 4th quarter of last year, and in 2019 we will be building upon such achievements.
In this quarterly report we will be looking back at our achievements in the first quarter of 2019.
Key performances in the First Quarter of 2019
<ICONSENSUS>, the journey toward mass adoption of blockchain, has started. Pre-registration for ICON P-Rep candidacy, the first milestone of ICONSENSUS, started in January. As of March 22nd, ten candidates from all over the world have already submitted their applications.
The ICON team is developing features for the election of P-Reps. Particularly, features related to IISS (ICON Incentives Scoring System) are being developed for ICX holders to be able to receive I-Score as an incentive by staking their ICX and voting for registered P-Rep candidates.
The ‘ICONSENSUS: P-Rep Election Q&A’ video was recently released for those curious about the election campaign. It contains information about the election process, candidacy qualifications, and rewards for elected P-Reps. More information about the P-Rep election is available in other ICON community channels. You can submit your application, look at the list of existing candidates, and learn more about ICONSENSUS at the icon.community website. For up to date news, you can also join our telegram or follow us on twitter.
ICON public blockchain has been used to issue mobile letters of appointment to the Blockchain Governance Team of the Seoul Metropolitan Government as the first step in leveraging public blockchain system for administration services in government and institutions. Seoul Metropolitan Government has organized the ‘Seoul Blockchain Governance Team,’ aiming to provide blockchain administration services across several industries. The issuance records of the letter of appointment, developed by ICONLOOP, are stored on the ICON public blockchain, making falsification and fake issuance impossible. The ICON team will continue to explore use-cases of blockchain technology with partners in a wide range of fields, aiming to increase use-cases of public blockchain led by city governments.
The ICON team has taken initiatives to apply blockchain to the concept of a Smart Sustainable City as an avenue to mass adoption of blockchain technology. As the first step, ICONLOOP participated in the ‘2019 World Smart Sustainable Cities Organization (WeGO) Business Information Session’ as a partner of WeGO. ICONLOOP has sponsored and participated in ‘Blockchain Innovations in Public Services’ led by Hankyung.com and was the only private entity to participate. In this event, Hangjin Kim, the Director of Business Development at ICONLOOP, introduced how to utilize blockchain as an infrastructure technology for leading a fourth industrial revolution and building smart cities. Like the use-cases of loopchain, the core blockchain technology behind the ICON Network powered by ICONLOOP, there are numerous areas where blockchain technology could contribute to smart cities. Some examples are: Citizen ID, voting systems, disease prediction services, customs clearance, and used car trading. Our plan is to link public blockchain and private blockchain through Smart City initiatives.
ICON has been accelerating the expansion of the public blockchain ecosystem. In addition to ICX Station, a global accelerator program sponsored by ICON, ICON has recently established ‘ICON LAP100’, which is an enterprise blockchain alliance program focused on ICON public blockchain uses-cases for corporates. Through ‘ICON LAP 100’, ICON pursues DApp partners focused on both B2C and B2B products. ICON has also hosted <Dive into ICON>, a developer workshop teaching developers how to build a DApp on ICON. <Dive into ICON> was held three times in Q1 2019 and will continue into Q2.
MOU / Partnership
ICON has sponsored Deblock Japan in order to grow ICON’s presence in Japan. ICON is the only blockchain project in Korea with a global accelerator program, ICX Station, with locations in Seoul, San Francisco, Singapore, and Tokyo. Deblock Japan will operate the Tokyo Launchpad of ICX Station to source, fund and incubate diverse blockchain projects in Japan.
The ICON team has expanded the ICON ecosystem to Singapore as well. Last December, ICON partnered with “Tribe Accelerator” which is the first blockchain accelerator blessed by Enterprise Singapore, a Singapore government agency focused on the development of small and medium enterprises. Additionally, ICON participated in ‘Seoul Immersive Blockchain’ led by official educational institutions of the Singaporean government as a featured host in January. TRIBE has recently announced its partnership with BMW Group Asia, Intel, and Nielsen. Accordingly, ICON expects TRIBE to have a growing influence on expanding the ICON ecosystem in Singapore as an ICX Station Launchpad.
The ICON team has been updating the development roadmap on the last day of every month since January. (Jan / Feb / Mar) In the first quarter, ICON released IRC16, a newly added token standard based on ICON’s public blockchain network for 3rd-party entrepreneurs interested in developing and commercializing blockchain-based assets and securities. The ICON development team has moved to develop more service-level projects for end users. DEX (Decentralized Exchange) and DID (Decentralized Identifier) called ‘DPASS’ will be released in the upcoming quarter.
Additionally, ICON has opened ICON-HackerOne Bounty Program, the private bounty program operated from the last November, to the public to accelerate the stability and security of the ICON Network. The ICON team is working on establishing a safe blockchain network. Moreover, we continue to reflect the opinion of the community in order to improve the ICON project. In an effort to better know our community, we have released this survey and would certainly appreciate your participation!
The ICON team has sponsored and participated in several blockchain seminars, briefing sessions, and programs. ICON had an opportunity to position itself in Singapore through participating in ‘Seoul Immersive Blockchain’, led by official educational institutions of the Singaporean government such as SkillsFuture Singapore, as a featured host. ICON sponsored ‘Blockchain Innovations in Public Services’ led by Korea Economic Daily. Moreover, ICON sponsored a briefing session for constructing the ‘Jeju Blockchain Regulatory Sandbox’ observed by the Jeju Special Self-Governing Province of South Korea. Through this event, ICON took a role in making a great first step toward the creation of regulatory special zones and bridging the gap between government and private companies.
The ICON team is excited to share our achievements in the first quarter of 2019. We are always grateful for your support.
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