ICONLOOP Partners with NEC and NIA for Blockchain Election System Project in Korea

ICONLoop Partners With NEC And NIA For The ‘Building The Next Generation Election System’ Project In Korea

Icon Foundation partners with the Korean government to ‘Build the Next generation Election System’ in Korea. This project will utilize ICON’s blockchain network as the ICON team teams up with the teams in charge of the electoral process in Korea. The intelligence services, NIA and the election commission, NEC will commence and manage the integration process of blockchain technology. The project aims to improve the transparency, confidence and efficiency of elections on a safe and secure platform.

ICON Foundation released an announcement this Tuesday on Medium on its partnership with the Korean government to act as a consultant on the ‘Building the Next Generation Election System based on Intelligence Information Technology’ project. The project explores the integration of blockchains to the electoral processes in the country. As part of this supervisory team ICON Foundation have the opportunity to increase adoption of the ICON blockchain to a real life use case.

IMCloud selected ICONLoop as a consultant with the supervision and management of the process of integration of blockchain left to the Korea National Election Commission (NEC). The electoral commission and ICONLoop will team up with Korea National Information Society Agency (NIA) who will start off the project.

The three teams, NEC, NIA and ICONLoop, will work closely together to investigate the overall application of blockchain in the electoral processes and systems. The integration of blockchain involves candidate registration, voting, and ballot counting. Blockchain technology ensures a safe and cryptographically secured system that cannot be tampered with or erased. This is in an aim to improve the overall voter confidence through transparent systems, fairness in elections, and a private network for the current remote election system for Korean nationals and voters residing abroad.

The ICON Foundation is proud and pleased to be included in the project that will see the application of blockchain technology in election systems to promote and develop democracy and freedom in the country. The project is a new step to the blockchain world as more governments looking at the possible application of the fourth industrial revolution in various sectors of the economy.