23 Ways ICON is Hyper-Connecting the World

Too Long; Didn't Read

In Q32017, the Korean conglomerate, <strong>Dayli Financial Group</strong>, started a blockchain project, <strong>ICON,</strong> that would be soon coined as the <strong>“Korean Ethereum”</strong>. Dayli Financial Group also <strong>owns Yello Mobile</strong>, which is the <strong>largest mobile startup</strong> in Korea worth $4 billion, <strong>Kakao</strong>, which is the <strong>MOST popular application</strong> in Korea (equivalent to WhatsApp or WeChat in China), and <strong>The Loop</strong>, which is the <strong>company behind ICON’s blockchain technology</strong>. In essence, ICON has <strong>one of the largest Korean Conglomerates</strong> backing this project, this is as real as it gets. ICON’s central technology is called LoopChain, which is described as “a high-performance blockchain that can provide real-time transaction.” LoopChain is built for enterprises and provides smart contract functionality that can be customized, but most importantly, can be linked to other distributed ledger networks. Today, <strong>ICON trades at $8 a coin</strong>, however, since ICON is framing itself to become the master key that unlocks blockchain interoperability and connects requested services to every business and government sector, ICON can be trading at <strong>$70 per coin within the next 2 years</strong>.