Review on ICON by Demi Baxter

Name: ICON
Item: ICON
Rating: 4

September 19, 2018

If all goes as planned, ICON could be integral to the real-world adoption of…

If all goes as planned, ICON could be integral to the real-world adoption of cryptocurrencies and formal integration of the blockchain into legacy businesses, enterprise, and markets. The project’s whitepaper hashes out how ICON would fit into established industries, including healthcare, education, business, insurance, capital markets, and so on.  Individuals and entities could not only use ICON for data transfers and monetary transactions, but they could also use blockchain I.D. on the ICON platform for identity verification and enhanced security measures.
Due to its scalability and accessibility it makes a clear choice for those who support decentralization. We can expect that ICON will continue to grow and become useable to the more industries than it already serves.
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Pros

ICON envisions a decentralized world consisting of free communities. ICON is a decentralized network where communities with different governance structures can connect and interact. ICON allows anyone to join the ICON Network by creating a new DAPP with independent governance.

Cons

The second Developers meet-up will happen in the first quarter of 2018. In the same time, it is expected that ICON will expand partnerships with blockchain networks. It is also planned to expand DEX reserve pool to most of major cryptocurrencies. The third Developers meet-up will be held in the third quarter of 2018. Expansion of U-coin pilot service is expected on 10 universities. Second service launch for Financial Investment Consortium will be held at the same period.