ICON 2017 Business Achievements

ICON Foundation
Dec 29, 2017 · 3 min read

Greetings from the ICON Team,

As we near the end of 2017, we wanted to look back into this year and share our achievements with the community. Although we have a bit more to go with our technical roadmap, we’ve successfully completed everything we set out to do in our business roadmap. In the world of blockchain, sometimes business side can be overlooked. So big round of applause forour team!


2017 Business Roadmap

The business roadmap the ICON team has set for 2017 is as follows:

<2017 Business Roadmap>

ICON team has worked tirelessly to realize the vision of hyperconnecting the world in 2017. After a successful token sale within just 6 hours, we have focused our efforts in actual service implementation and business expansion. ICON achieved all the goals on the roadmap for the year 2017 and more.

Successful achievement includes launching of Chain ID service, the world’s first blockchain authorized service; running a trial of blockchain platform services such as U-Coin for university communities, listing on top global exchanges, and forming a Blockchain Interoperability Alliance. We were able to achieve incredible results in various sectors of the blockchain ecosystem.


2017 Achievements

<2017 Achievements>

LOOP-ONE: loopchain, the core engine of the ICON network, is distributed as open source software. We also had a “Blockchain Demo Day” with software developers and financial experts.

Chain ID: 25 Institutions collaborated in the Financial Investment Consortium at the launching event of the Blockchain ID, a blockchain shared certification service. The opening event gained media attention with Don Tapscott’s attendance, who serves as an advisor on the advisory board.

U-Coin: U-Coin is a blockchain platform that makes it possible to pay, charge and transfer money using a smart vending machine. The U-Coin was well-received at the pilot service run atSogang University and Postech University.

Insurance auto-claiming service: In December 2017, Kyobo Life Insurance launched a consortium for insurance auto-claiming system. The response was hot in the Global IoT exhibition 2017 which took place in COEX.

Weebee Coin: We partnered with Woori Bank, one of the top-tier bank in South Korea, to build a service where digital currency is used as cash or card in franchises. Weebee Coin is expected to expand to university communities and regional societies.

Blockchain-based Document management platform: theloop, the blockchain technology team behind ICON, signed a MOU with ChainToB, a blockchain startup company, to collaborate on developing blockchain-based document management platform.

Blockchain Interoperability Alliance: ICON, AION, and Wachain formed the first Blockchain Interoperability Alliance in the industry. The Alliance’s main priority is to collaborate on developing a global standard for interchain communication and transactions. This will be achieved by conducting Interchange Transaction research, developing common industry standards, sharing research, and collaborating on protocol architecture.


2017 ICON Network

<ICON Network>

Our current ICON Network is as the above. In 2018, the ICON team will focus our efforts to connect more Communities to expand our ICON Network and come closer to ‘Hyperconnect the World’.

Thank you for your interest and support that you have showed us this year. We wish everyone a joyful holidays and Happy New Year.

Hyperconnect the World
ICON Team

______

[ICON official community]

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ICON Foundation

Written by

Founded in August 2017, the ICON Foundation oversees the ICON project's core activities which includes the promotion and development of the ICON protocol.

Hello ICON World

ICON is one of the largest blockchain networks in the world. ICON boasts independent blockchains comprised of reputable institutions in major industries.

ICON Foundation

Written by

Founded in August 2017, the ICON Foundation oversees the ICON project's core activities which includes the promotion and development of the ICON protocol.

Hello ICON World

ICON is one of the largest blockchain networks in the world. ICON boasts independent blockchains comprised of reputable institutions in major industries.

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