South Korea’s ICON Shares Blockchain Ecosystem Boosting Strategy with DApp Accelerator Program


One of the most significant projects running on the blockchain technology within South Korea, the ICON, has just announced their new accelerated strategy that will be able to expand their public blockchain ecosystem.

The first enhancement they got involved with is an enterprise blockchain alliance program that is part of the global accelerator program, together with a campaign that will be used to select the various network representatives. The company also went ahead to reveal plans they have for their decentralized exchange together with an identification system that will be based on their public network.

It Is The Reinforcement Of An Enterprise Blockchain Alliance That Is With The Global DApp Accelerator Program

The ICON has gone ahead to peruse the decentralized applications partners who are mainly focused with the B2B and the B2C products, all this been done through the newly established ICON LAP100, which has been referred to as the ICON Loopchain Alliance Program.

The company has formed strategic partnerships with over 30 companies that will help in carrying out the collaborated project. For this year the company has already secured about 13 new partners on board.

Within South Korea, ICON is the only company that has been able to run the global accelerator program; this is through the launch of the ICX Station that is located in the major cities, this is the like of Singapore, San Francisco, plus Seoul.

The Deblock has been established to serve as the Seoul Launchpad that will be for the ICX Station, one that will be able to play a pivotal role when it comes to the advancement of South Korea’s DApp projects being integrated into the global market.

But this is not all as ICON has plans of launching a Launchpad in Tokyo within the first half of this year. Additionally, with the efforts of the ICX Station, the ICON has been able to establish the ICON LAP100, a platform that has been designed as an enterprise blockchain alliance program that will be based on the company’s public blockchain, where the core engine of the blockchain is the loopchain.

The goal of the company is to ensure they have jointly developed an enterprise specialized in blockchain solutions with the help of 100 companies together with the various startups in different fields.

Moving Toward Decentralization With Election Network Representatives

The pre-registration of the ICON Public Representative started on 17th January of this year, and so far there are twenty-two reps who have been elected.

The pre-registration will be taking place off chain while the actual voting will take place on chain, this is where the ICON will be able to elect about twenty-two reps through the on chain election.

After the election has been successful the next step is pushing for mass adoption through the Ecosystem Expansion Project. Which has been developed in a manner that any of the ICONist will be able to propose for network growth, while the DApp Booster Programs will be able to allocate some block rewards to specific decentralized applications in the market?

In the first half of the year, the identification service and decentralized exchange will be released

ICON has gone ahead to announce plans of releasing there decentralize exchange, the DEX, together with the decentralized identification, the DID within the first half of the year. The company has already gone ahead to release the ICONex, which is a wallet that has been designed to support different transactions that are taking place across multiple crypto coins that has a user-friendly UX/UI together with an ICON tracker.

One that is a block exporter for the ICON that will be able to display all the transactions and the records that have taken place in the network, thus, it will be able to enhance data accessibility and transparency.

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