PLATFORM
LOOPCHAIN: Blockchain Core Engine
TECH
LOOPCHAIN: Blockchain Core Engine
As a proprietary blockchain core engine with its structure based on blockchain fundamentals,loopchain offers optimized features for business in real world.
SCORE
High performance smart contract platform
PBFT Consensus Algorithm
High performance consensus algorithm based on message passing between parties without an intermediary
Multi Channel
Independent virtual networks among selective participants within the same blockchain network
SOLUTION
LOOPCHAIN Enterprise
High performance blockchain engine βloopchainβ is an enterprise blockchain solution. LOOPCHAIN supports various functions such as on-prem, public cloud, corporate private cloud, distributed ledger management, automatic deployment, integrated configuration, network and data monitoring, and fault viewing.
USE-CASE
- Public
- Finance
- Insurance
Seoul Metropolitan City
Seoul Blockchain Administrative Service
ICONLOOP provides blockchain technology to various public institutions and plans to expand to the whole e-government system.
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BACKGROUND
- ICONLOOP has been selected as an operator of Seoulβs standard blockchain platform for βSeoul Blockchain Pilot Projectβ commissioned by the Seoul Metropolitan Government
SOLUTION
Blockchain technology implemented in civil administration field
- Implemented as Seoul Cityβs standard blockchain platform
- Executed leading blockchain business in used car trading and mobile-voting system
- Executed pilot implementation and verification of citizenship card integrated authentication, mileage integration, and sub-contract payment
Korea Customs Service
'Blockchain-based Customs Clearance Platformβ Pilot Project
2018, loopchain has been adopted to build βBlockchain-based Customs Clearance Platform, a pilot project commissioned by the Korea Internet Security Agency (KISA) and Korea Customs Service.
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BACKGROUND
- In May 2018, loopchain has been adopted to build βBlockchain-based Customs Clearance Platform, a pilot project commissioned by the Korea Internet Security Agency (KISA) and Korea Customs Service
- Only case for indigenous solution implementation out of 6 pilot projects
SOLUTION
Blockchain-based Customs Clearance Platform
- Besides Korea Customs Service, express couriers and cross-border shopping sites participated as nodes
- Improved transparency and efficiency in customs and shipping when personal cross-border shopping
National Election Commission
Informatization Plan for Korea National Election Commission
2018, loopchain has been adopted to build βBlockchain-based Customs Clearance Platform, a pilot project commissioned by the Korea Internet Security Agency (KISA) and Korea Customs Service.
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BACKGROUND
- In July 2018, ICONLOOP was selected as the blockchain technology consultant for βBuilding the Next Generation Election System based on Intelligence Information Technologyβ commenced by the Korea National Information Society Agency (NIA)
SOLUTION
Election / Voting Blockchain Technology Implementation Review
- Improved transparency, confidentiality, convenience with blockchain implementation in election system
- Planned measures to implement blockchain in election administration tasks for efficient support in legal election
- Blockchain-based credential verification for institutions and electoral college
- Enabling to continuously participate in online elections with one-time authentication without repeated authentication for each voting
- Ensuring confidentiality of voting information
KOFIA
Blockchain Consortium of the Financial Investment Firms
ICONLOOP led transition and commercialization of blockchain-based authentication, trading and post-trading systems for financial investment consortium partners.
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BACKGROUND
- Launched a consortium with 26 securities firms in Korea Financial Investment Association and aimed to establish joint blockchain network for the financial industry in December 2016
- Carried out step-by-step R&D and projects including joint authentication platform establishment, automated clearing & settlement system, and on over-the-counter(OTC) trading
SOLUTION
Post-trading
- Automation and simplification of clearing and settlement process in financial investment industry
- Reduced liquidity risk with reduced post-trading time length
Authentication
- Launched blockchain-based joint authentication service (Fast ID Online and biometric authentication)
- Authentication cost saving and improved convenience by simplifying duplicate registration processes with integrated authentication
Trading
- Implemented blockchain in trading system for financial investment products such as OTC derivatives
- Implemented Alternative Trading System(ATS) enabling real-time trade matching and immediate sign-off
- Counterparty risk eliminated with real-time ownership confirmation
KOREA POST, KYOBO
Insurance and Healthcare Consortium
ICONLOOP provides blockchain technology in diverse fields including finance, education, healthcare, and medical industries and plans to expand into medical and public sectors.
BACKGROUND
- In April 2017, Kyobo Life insurance consortium was selected to pursue βInternet of things (IoT) vitalization foundation establishing project (blockchain sector)β, a pilot project commissioned by Ministry of Science and ICT (MSIT)
- Formed a consortium with Kyobo Life Insurance, top-tier life insurer, d.LEMON, a CRM provider and Won Corp, a medical IT provider
- Korea Post joins with postal insurance in 2018
SOLUTION
Smart Insurance Claims Service
- One-stop insurance claims by automating fill-in, submission and payment when a client sends medical document automatically at a hospital with simple authentication process
- Realizing automatic insurance blockchain technology implementation
- Establishing insurance claim authentication system utilizing smart contract
PARTNERS
