1 Level
6 Review
2 Karma
Review on ICON by Matthew Brown
From the investment perspective, the business idea of the team, which is based…
From the investment perspective, the business idea of the team, which is based in the Republic of Korea, is generally interesting. They state that they are creating an improved version of already operating equivalents, which improves performance and efficiency for potential users. In any event the project is worthy of the community's attention, despite the uncertainties we identified from the viewpoint of its success.
Pros
- ICON will use the advantages of a decentralized infrastructure, such as the high security of transactions and the low cost of connection of multiple information flows around the globe. For example, the team describes an algorithm of their future network enabling Korean investors to trade Apple shares online in American stock markets, maintaining a low transaction cost at the same time. Medical researchers in Korean university hospitals will be able to work with data from patients with diabetes residing for example in Sydney and London
Cons
- The main goal of the ICON project is to simplify the transfer of any information between any nodes, and make it as accessible as possible. The team reasons that, as the introduction of mail services and then the phone and internet triggered the explosive growth of the global economy in the past, the introduction of a cheap and efficient blockchain-based network may give a new impulse to the development of the global community.
