1 Level
6 Review
1 Karma
Review on ICON by Alicia Morrison
ICON currently works with a full range of partners spanning the security…
ICON currently works with a full range of partners spanning the security, hospital and higher education verticals. Its ability to partner with these different groups has brought wide adoption of blockchain and ICON. The company was also chosen by the Korean Ministry of Science and Technology to develop a payment system for student services around universities system called U-Coin.
Pros
- The ICON team includes over 50 members with vast experience in the areas of blockchain, artificial intelligence, financial services and business is from South Korea. The head of the AI department is Sunghwan Kim, who has over 10 years of experience in data analysis and development, including experience in embedded systems, IoT, autonomous vehicles, simulation software, and big data processing systems. Distinguished advisors on the team include Yiseul Cho, a former Facebook employee with experience running her own blockchain lab, and Don Tapscott, a Canadian businessman who runs the world’ leading thinktank dedicated to understanding blockchain opportunities, The Blockchain Research Institute
Cons
- The ICON Network allows anyone to create a new blockchain project and to link the new project to other existing projects to form a greater community through the ICON Republic. Community representatives, (C-Reps) connect communities to the Republic through the Nexus, a loopchain-based blockchain that provides the foundation for the Republic. Loopchain is a blockchain with smart contract features that allows individual communities to function independently yet as part of the greater blockchain ecosystem.
