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Review on ICON by Georgia Birch
ICON network’s bank community is currently developing a pre-paid digital…
ICON network’s bank community is currently developing a pre-paid digital payment system. It aims to implement digital account management, recharging/transfers, withdrawals, and digital-currency(DC) management system.
Pros
- Insurance A consortium of top-tier insurance companies have launched an automated insurance claiming service using loopchain. This service allows the customer to easily claim their insurance without complicated procedures.
Cons
- Securities 26 Korean securities firms launched the ‘Korea Financial Investment Blockchain Consortium’ in 2016, the largest blockchain organization for a single industry. In Q4 2017, we have successfully launched the world’s first enterprise blockchain service ‘CHAIN ID’, and a shared security system for ID theft. Application of our technology to the clearing and settlements is due for 2018.
