‘Blockchain Governance Team’ In South Korea Uses Iconloop To Appoint Members


‘Blockchain Governance Team’ In South Korea Uses Iconloop To Appoint Members

One of the biggest blockchain enterprises in South Korea, Iconloop recently announced that the Seoul Metropolitan Government issued mobile letters of appointment to its Blockchain Governance Team using its public blockchain.

https://twitter.com/helloiconworld/status/1093686437675905024

The entire ICON project was created to meet the demand and natural movement of the market from private ICONLOOP projects to the ICON public blockchain. The ICON Council Members consider interoperability between private ICONLOOP networks and the public ICON network to be the next critical step for the ICON public chain.

Through this new project, a member of the Blockchain Governance Team of the Seoul government can assign and observe the letters on their smartphones. To build such a letter and include their name and ID number, a member of this team has to accept terms and conditions. The records of issuing such letters will be kept on the public ICON ledger, so misrepresenting them or circulating a fake one will be unlikely.

The team consists of 100 citizens who are from different walks of life such as students, developers, corporate representatives, and more. They will provide feedback and recommendations from Jan 2019 to December 2020.

“We expect the increase in public blockchain use-cases led by government, and this appointment letter issuance is a starting point to show a clear example of how blockchain can be used in government. ICONLOOP will focus on improving development capability to provide transparent and efficient blockchain-based administration services, cooperating with Seoul Metropolitan Government,” said J.H. Kim, council member of the ICON Foundation and CEO of ICONLOOP.

Notably, in September 2018, Iconloop was selected as an operator of Seoul’s standard blockchain platform for ‘Seoul Blockchain Demonstration Project.’ It was of great significance as a starting point to verify and construct a Seoul-based blockchain technology which will be extended to all aspects of the administrative services of Seoul in the future.

https://bitcoinexchangeguide.com/bitcoin-btc-ethereum-eth-and-litecoin-ltc-price-analysis-watch-feb-8th/

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