{"id":2638,"date":"2019-11-05T15:05:58","date_gmt":"2019-11-05T06:05:58","guid":{"rendered":"http:\/\/iconloopen.cafe24.com\/?p=2638"},"modified":"2019-11-05T15:05:58","modified_gmt":"2019-11-05T06:05:58","slug":"myid-alliance-launched-on-nov-5-2019","status":"publish","type":"post","link":"https:\/\/www.parametacorp.com\/en\/2019\/11\/05\/myid-alliance-launched-on-nov-5-2019\/","title":{"rendered":"\u201cMyID Alliance\u201d launched on Nov, 5, 2019"},"content":{"rendered":"<p id=\"2034\" class=\"gi gj cn ar gk b gl gm gn go gp gq gr gs gt gu gv\" data-selectable-paragraph=\"\">Source: THE ICONIST \/ theicon.ist (<a class=\"bo dd gw gx gy gz\" href=\"https:\/\/theicon.ist\/2019\/11\/05\/a-comprehensive-look-at-iconloops-myid-alliance-its-partners-advisors-and-upcoming-roadmap\/\" target=\"_blank\" rel=\"noopener nofollow noreferrer\">View Original<\/a>)<\/p>\n<p data-selectable-paragraph=\"\">\n<div class=\"et_pb_extra_column_main\">\n<article id=\"post-7054\" class=\"module single-post-module post-7054 post type-post status-publish format-standard has-post-thumbnail hentry category-insider tag-blockchain tag-blockchain-adoption tag-blockchain-in-korea tag-blockchain-news tag-icon tag-iconloop tag-iconloop-blockchain-news tag-iconloop-ceo tag-iconloop-news tag-iconloop-partnership tag-iconloop-updates tag-icx tag-identity tag-myid tag-myid-alliance et-has-post-format-content et_post_format-et-post-format-standard\">\n<div class=\"post-thumbnail header\"><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/myidalliance.png?resize=1280%2C640&amp;ssl=1\" alt=\"A Comprehensive Look at ICONLOOP\u2019s MyID Alliance: Its Partners, Advisors and Upcoming Roadmap\" \/><\/div>\n<div class=\"post-wrap\">\n<div class=\"post-content entry-content\">\n<div id=\"et-boc\" class=\"et-boc\">\n<div class=\"et_builder_inner_content et_pb_gutters3\">\n<div class=\"et_pb_section et_pb_section_0 et_section_regular\">\n<div class=\"et_pb_row et_pb_row_0\">\n<div class=\"et_pb_column et_pb_column_4_4 et_pb_column_0    et_pb_css_mix_blend_mode_passthrough et-last-child\">\n<div class=\"et_pb_module et_pb_text et_pb_text_0 et_pb_bg_layout_light  et_pb_text_align_left\">\n<div class=\"et_pb_text_inner\">\n<p>ICONLOOP\u2019s MyID Alliance has officially launched with 39 partners in the sectors of finance, securities, e-commerce and manufacturing.<\/p>\n<p>Their vision? Implement a trusted decentralized ID (DID) ecosystem through ICONLOOP\u2019s proprietary solution, MyID. Their mission is threefold:<\/p>\n<ul>\n<li><strong>User-Centric:<\/strong>\u00a0Develop use cases and solve user inconvenience<\/li>\n<li><strong>Business Focused:<\/strong>\u00a0Expand the business based on trust authentified by financial sector<\/li>\n<li><strong>Glocalization:<\/strong>\u00a0Glocalize MyID-based business model, connect and expand the IDs of countries around the world<\/li>\n<\/ul>\n<blockquote><p>Jay Kim, Business Director of the my-ID project and CFO of ICONLOOP said,\u00a0<em><strong>\u201cWe are happy to launch MyID as a first step to establish a blockchain-based digital ID ecosystem. Our partnership includes financial institutions, non-financial companies and even a global partner such as YOTI. With our mission of glocalization, we are planning to expand our business overseas as well.\u201d\u00a0\u00a0\u00a0\u00a0<\/strong><\/em><\/p><\/blockquote>\n<h3><\/h3>\n<h3><\/h3>\n<h3><b>WHY MYID ALLIANCE?<\/b><\/h3>\n<p>MyID Alliance is ready to expand the DID ecosystem.<\/p>\n<p><strong>1. Expansion of DID ecosystem based on the trust built by the financial sector<\/strong><\/p>\n<p>MyID is authenticated based on proven technology from trusted financial institutions such as banks, securities and insurance firms. This means that these IDs can be accepted in various sectors such as public, e-commerce, Internet, manufacturing, education, NGO and even overseas.<\/p>\n<p><strong>2. MyID\u2019s inclusion in the FSC\u2019s \u201cInnovative Financial Services and Regulations Sandbox\u201d\u00a0<\/strong><\/p>\n<p>MyID has been recognized as Korea\u2019s only ID verification platform that can be applied throughout the financial sector.<\/p>\n<p><strong>3. Verified DID technology<\/strong><\/p>\n<p>MyID is one of Korea\u2019s first DID services registered on the\u00a0<a href=\"https:\/\/w3c-ccg.github.io\/did-method-registry\/\">World Wide Web Consortium (W3C)\u2019s Method Registry<\/a>, which enables rapid project implementation based on high stability and convenience of blockchain technology.<\/p>\n<h3><b>MYID ALLIANCE PARTNERS<\/b><\/h3>\n<p>Currently, MyID Alliance is comprised of 39 members in various fields.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-7115 aligncenter size-full\" src=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/Partners.jpg?resize=1080%2C606&amp;ssl=1\" alt=\"\" width=\"645\" height=\"362\" data-attachment-id=\"7115\" data-permalink=\"https:\/\/theicon.ist\/partners\/\" data-orig-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/Partners.jpg?fit=2680%2C1504&amp;ssl=1\" data-orig-size=\"2680,1504\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Partners\" data-image-description=\"\" data-medium-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/Partners.jpg?fit=300%2C168&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/Partners.jpg?fit=1024%2C575&amp;ssl=1\" \/><\/p>\n<p><strong>Ecosystem partners,<\/strong>\u00a0all from the financial sector, are those who will be involved with verifying and issuing identities.\u00a0<em>\u201cThese companies will not only issue identity but also apply the issued MyID directly to our services,\u201d<\/em>\u00a0said an ICONLOOP spokesperson. When MyID is released sometime in the first half of 2020, it will be introduced to ecosystem partners first.<\/p>\n<p><strong>Growth partners<\/strong>\u00a0represent future use cases for MyID. In other words, these are the companies that will leverage MyID once the ID is verified and issued by the above ecosystem partners. Lastly,\u00a0<strong>general partners<\/strong>\u00a0are those who don\u2019t have concrete plans as of yet, but have an interest in adopting MyID and collaborating.<\/p>\n<p><em>Note: Samsung Electronics and STX Corporation were not listed in a \u2018partners\u2019 category, hence their absence from the list below.<\/em><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<div class=\"et_pb_module et_pb_text et_pb_text_1 et_pb_bg_layout_light  et_pb_text_align_left\">\n<div class=\"et_pb_text_inner\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"et_pb_row et_pb_row_14\">\n<div class=\"et_pb_column et_pb_column_1_3 et_pb_column_50    et_pb_css_mix_blend_mode_passthrough et_pb_column_empty\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-2639 size-full\" src=\"http:\/\/www.parametacorp.com\/english\/wp-content\/uploads\/sites\/2\/2019\/11\/\u1109\u1173\u110f\u1173\u1105\u1175\u11ab\u1109\u1163\u11ba-2019-11-08-\u110b\u1169\u1112\u116e-3.07.40.png\" alt=\"\" width=\"693\" height=\"761\" srcset=\"https:\/\/www.parametacorp.com\/en\/wp-content\/uploads\/sites\/2\/2019\/11\/\u1109\u1173\u110f\u1173\u1105\u1175\u11ab\u1109\u1163\u11ba-2019-11-08-\u110b\u1169\u1112\u116e-3.07.40-200x220.png 200w, https:\/\/www.parametacorp.com\/en\/wp-content\/uploads\/sites\/2\/2019\/11\/\u1109\u1173\u110f\u1173\u1105\u1175\u11ab\u1109\u1163\u11ba-2019-11-08-\u110b\u1169\u1112\u116e-3.07.40-273x300.png 273w, https:\/\/www.parametacorp.com\/en\/wp-content\/uploads\/sites\/2\/2019\/11\/\u1109\u1173\u110f\u1173\u1105\u1175\u11ab\u1109\u1163\u11ba-2019-11-08-\u110b\u1169\u1112\u116e-3.07.40-400x439.png 400w, https:\/\/www.parametacorp.com\/en\/wp-content\/uploads\/sites\/2\/2019\/11\/\u1109\u1173\u110f\u1173\u1105\u1175\u11ab\u1109\u1163\u11ba-2019-11-08-\u110b\u1169\u1112\u116e-3.07.40-600x659.png 600w, https:\/\/www.parametacorp.com\/en\/wp-content\/uploads\/sites\/2\/2019\/11\/\u1109\u1173\u110f\u1173\u1105\u1175\u11ab\u1109\u1163\u11ba-2019-11-08-\u110b\u1169\u1112\u116e-3.07.40.png 693w\" sizes=\"(max-width: 693px) 100vw, 693px\" \/><\/div>\n<\/div>\n<div><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-2641\" src=\"http:\/\/www.parametacorp.com\/english\/wp-content\/uploads\/sites\/2\/2019\/11\/\u1109\u1173\u110f\u1173\u1105\u1175\u11ab\u1109\u1163\u11ba-2019-11-08-\u110b\u1169\u1112\u116e-3.07.54-1.png\" alt=\"\" width=\"677\" height=\"1483\" srcset=\"https:\/\/www.parametacorp.com\/en\/wp-content\/uploads\/sites\/2\/2019\/11\/\u1109\u1173\u110f\u1173\u1105\u1175\u11ab\u1109\u1163\u11ba-2019-11-08-\u110b\u1169\u1112\u116e-3.07.54-1-137x300.png 137w, https:\/\/www.parametacorp.com\/en\/wp-content\/uploads\/sites\/2\/2019\/11\/\u1109\u1173\u110f\u1173\u1105\u1175\u11ab\u1109\u1163\u11ba-2019-11-08-\u110b\u1169\u1112\u116e-3.07.54-1-200x438.png 200w, https:\/\/www.parametacorp.com\/en\/wp-content\/uploads\/sites\/2\/2019\/11\/\u1109\u1173\u110f\u1173\u1105\u1175\u11ab\u1109\u1163\u11ba-2019-11-08-\u110b\u1169\u1112\u116e-3.07.54-1-400x876.png 400w, https:\/\/www.parametacorp.com\/en\/wp-content\/uploads\/sites\/2\/2019\/11\/\u1109\u1173\u110f\u1173\u1105\u1175\u11ab\u1109\u1163\u11ba-2019-11-08-\u110b\u1169\u1112\u116e-3.07.54-1-467x1024.png 467w, https:\/\/www.parametacorp.com\/en\/wp-content\/uploads\/sites\/2\/2019\/11\/\u1109\u1173\u110f\u1173\u1105\u1175\u11ab\u1109\u1163\u11ba-2019-11-08-\u110b\u1169\u1112\u116e-3.07.54-1-600x1314.png 600w, https:\/\/www.parametacorp.com\/en\/wp-content\/uploads\/sites\/2\/2019\/11\/\u1109\u1173\u110f\u1173\u1105\u1175\u11ab\u1109\u1163\u11ba-2019-11-08-\u110b\u1169\u1112\u116e-3.07.54-1.png 677w\" sizes=\"(max-width: 677px) 100vw, 677px\" \/><\/div>\n<div class=\"et_pb_row et_pb_row_15\">\n<div class=\"et_pb_column et_pb_column_4_4 et_pb_column_51    et_pb_css_mix_blend_mode_passthrough et-last-child\">\n<div class=\"et_pb_module et_pb_text et_pb_text_12 et_pb_bg_layout_light  et_pb_text_align_left\">\n<div class=\"et_pb_text_inner\">\n<h3><b>EVENT SPEAKERS<\/b><\/h3>\n<p>On November 5th, partners and advisors of the alliance gathered at ICON\u2019s office in Seoul to commemorate the big event, dubbed the \u2018MyID Alliance Partners Day\u2019. Speakers included\u00a0<a href=\"https:\/\/theicon.ist\/2019\/10\/17\/koreas-former-deputy-prime-minister-becomes-advisory-chairman-of-my-id-alliance\/\">recently appointed<\/a>\u00a0advisory committee chairman, Hun Jae Lee, ICONLOOP\u2019s Josh Choi and Jonghyup Kim, as well as partners Shinhan Bank, POSCO, YOTI and Yanolja.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-7119 aligncenter size-full\" src=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/HunJaeLee.jpg?resize=1080%2C720&amp;ssl=1\" alt=\"\" width=\"645\" height=\"430\" data-attachment-id=\"7119\" data-permalink=\"https:\/\/theicon.ist\/hunjaelee\/\" data-orig-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/HunJaeLee.jpg?fit=1568%2C1046&amp;ssl=1\" data-orig-size=\"1568,1046\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"HunJaeLee\" data-image-description=\"\" data-medium-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/HunJaeLee.jpg?fit=300%2C200&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/HunJaeLee.jpg?fit=1024%2C683&amp;ssl=1\" \/><\/p>\n<p><strong>Hun Jae Lee<\/strong>,\u00a0chairman of MyID Alliance\u2019s advisory committee, opened the conference by explaining blockchain technology\u2019s potential to open up the future.\u00a0<em>\u201cTo lead the global blockchain market, we need to respond to this quick change to a new paradigm,\u201d\u00a0<\/em>he said.\u00a0<em>\u201cIn an era where we have to think about how to open up and participate in the future, I think Korea is ranked third to fourth in the blockchain sector. If we dig in more actively, [Korea] will play a leading role in developing a new economy.\u201d<\/em><\/p>\n<p>Lee explained that people, especially in Korea, equate blockchain to crypto and speculation.\u00a0<em>\u201c<\/em><em>I want to change this perception with MyID, that\u2019s why I joined MyID Alliance as an advisor,\u201d<\/em>\u00a0he said.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-7121 aligncenter size-full\" src=\"https:\/\/i2.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/JoshChoi.png?resize=1080%2C720&amp;ssl=1\" alt=\"\" width=\"645\" height=\"430\" data-attachment-id=\"7121\" data-permalink=\"https:\/\/theicon.ist\/joshchoi\/\" data-orig-file=\"https:\/\/i2.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/JoshChoi.png?fit=2500%2C1667&amp;ssl=1\" data-orig-size=\"2500,1667\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"JoshChoi\" data-image-description=\"\" data-medium-file=\"https:\/\/i2.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/JoshChoi.png?fit=300%2C200&amp;ssl=1\" data-large-file=\"https:\/\/i2.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/JoshChoi.png?fit=1024%2C683&amp;ssl=1\" \/><\/p>\n<p><strong>Josh Choi<\/strong>, ICONLOOP\u2019s Chief Communications Officer, stated that the most important aspect in the digital economy is trust between players. He explained that MyID is different from other DID services because it is the only DID service based on the financial sector. In other words, financial institutions can issue certified information for the MyID service, resulting in a much higher level of verification than any other businesses. Choi added that ICONLOOP had its own solid blockchain technology that could power the MyID service.<\/p>\n<blockquote><p><strong><em>\u201cWe are also looking for ways to utilize MyID in the public sector,\u201d\u00a0<\/em><\/strong>said Choi.\u00a0<strong><em>\u201cNormally, public institutions don\u2019t want to own personal information. We can solve this problem by using MyID\u2019s authentication process.\u201d<\/em><\/strong><\/p><\/blockquote>\n<p><strong><em><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-7123 aligncenter size-full\" src=\"https:\/\/i2.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/ShinhanBank.png?resize=1080%2C720&amp;ssl=1\" alt=\"\" width=\"645\" height=\"430\" data-attachment-id=\"7123\" data-permalink=\"https:\/\/theicon.ist\/shinhanbank\/\" data-orig-file=\"https:\/\/i2.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/ShinhanBank.png?fit=2500%2C1667&amp;ssl=1\" data-orig-size=\"2500,1667\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"ShinhanBank\" data-image-description=\"\" data-medium-file=\"https:\/\/i2.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/ShinhanBank.png?fit=300%2C200&amp;ssl=1\" data-large-file=\"https:\/\/i2.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/ShinhanBank.png?fit=1024%2C683&amp;ssl=1\" \/><\/em><\/strong><\/p>\n<p><strong>Hyunki Jang,\u00a0<a href=\"https:\/\/www.shinhan.com\/en\/\">Shinhan Bank<\/a>\u2019s Head of Digital R&amp;D Center, spoke about two areas where blockchain can be used in the financial sector. The first is for digital asset management, and the second is through DID services.\u00a0<em><i>\u201cMyID service can reduce the three steps of real-name verification, which our financial sector currently has, to just one step,\u201d<\/i><\/em>\u00a0he said. Shinhan Bank hopes to increase customer convenience through the implementation of DID services in digital asset management, global remittance and payments.<\/strong><\/p>\n<p><strong><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-7130 aligncenter size-full\" src=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/POSCO.png?resize=1080%2C720&amp;ssl=1\" alt=\"\" width=\"645\" height=\"430\" data-attachment-id=\"7130\" data-permalink=\"https:\/\/theicon.ist\/posco\/\" data-orig-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/POSCO.png?fit=2500%2C1667&amp;ssl=1\" data-orig-size=\"2500,1667\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"POSCO\" data-image-description=\"\" data-medium-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/POSCO.png?fit=300%2C200&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/POSCO.png?fit=1024%2C683&amp;ssl=1\" \/><\/strong><\/p>\n<p>Daeho Shin, Director of\u00a0<a href=\"http:\/\/www.posco.com\/\"><strong>POSCO<\/strong><\/a>\u00a0Venture Group, plans to build a smart city in Korea\u2019s tech-friendly city Pohang, so that startups, corporations and organizations can cooperate and work together.\u00a0<em>\u201cWe are planning to issue a blockchain-based local currency that can be used in this smart city,\u201d\u00a0<\/em>said Shin.\u00a0<em>\u201cEspecially with MyID service, we will be able to solve ID verification issues by authenticating degrees and personal information a lot quicker.\u201d<\/em><\/p>\n<p><em><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-7131 aligncenter size-full\" src=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/ThomWhite.png?resize=1080%2C720&amp;ssl=1\" alt=\"\" width=\"645\" height=\"430\" data-attachment-id=\"7131\" data-permalink=\"https:\/\/theicon.ist\/thomwhite\/\" data-orig-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/ThomWhite.png?fit=2500%2C1667&amp;ssl=1\" data-orig-size=\"2500,1667\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"ThomWhite\" data-image-description=\"\" data-medium-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/ThomWhite.png?fit=300%2C200&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/ThomWhite.png?fit=1024%2C683&amp;ssl=1\" \/><\/em><\/p>\n<p>Thom White, Future Technologies Team Lead at<a href=\"https:\/\/www.yoti.com\/\"><strong>\u00a0YOTI<\/strong><\/a>, a global identity platform, explained the company\u2019s goal to securely prove your digital identity. YOTI, which stands for \u201cYour Own Trusted Identity\u201d, offers identity verification, age verification, biometric e-signing and authentication services. Through the alliance, YOTI will ensure ID registration and issuance via their mobile app, and MyID will be used to verify the personal information.<em>\u00a0<i>\u201cDIDs will replace ID cards in future distribution markets,\u201d\u00a0<\/i><\/em>said White.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-7132 aligncenter size-full\" src=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/Yanolja.png?resize=1080%2C720&amp;ssl=1\" alt=\"\" width=\"645\" height=\"430\" data-attachment-id=\"7132\" data-permalink=\"https:\/\/theicon.ist\/yanolja\/\" data-orig-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/Yanolja.png?fit=2500%2C1667&amp;ssl=1\" data-orig-size=\"2500,1667\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Yanolja\" data-image-description=\"\" data-medium-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/Yanolja.png?fit=300%2C200&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/Yanolja.png?fit=1024%2C683&amp;ssl=1\" \/><\/p>\n<p>Jongyoon Kim, CEO of\u00a0<a href=\"https:\/\/www.yanolja.com\/\"><strong>Yanolja<\/strong><\/a>, a hotel booking app, said,\u00a0<em>\u201cIn many occasions, our customers use different login information when they use our service. With MyID, we can avoid this.\u201d<\/em>\u00a0Instead of waiting in long queues at check-in, MyID could verify client identities much more quickly and thus improve customer experiences.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-7133 aligncenter size-full\" src=\"https:\/\/i1.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/JonghyupKim.jpg?resize=1080%2C720&amp;ssl=1\" alt=\"\" width=\"645\" height=\"430\" data-attachment-id=\"7133\" data-permalink=\"https:\/\/theicon.ist\/jonghyupkim\/\" data-orig-file=\"https:\/\/i1.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/JonghyupKim.jpg?fit=1871%2C1247&amp;ssl=1\" data-orig-size=\"1871,1247\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"JonghyupKim\" data-image-description=\"\" data-medium-file=\"https:\/\/i1.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/JonghyupKim.jpg?fit=300%2C200&amp;ssl=1\" data-large-file=\"https:\/\/i1.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/JonghyupKim.jpg?fit=1024%2C682&amp;ssl=1\" \/><\/p>\n<p>ICONLOOP CEO\u00a0<strong>Jonghyup Kim<\/strong>\u00a0took the stage last to emphasize a new paradigm shift.<em>\u00a0\u201c<\/em><em>As the ID management paradigm shifts from centralized to self-sovereign, ownership is shifting from service provider to user,\u201d\u00a0<\/em>he said.\u00a0<em>\u201cWe are ready to open a new paradigm, one where people can own and administer their data based on consensus, in a decentralized environment.\u201d<\/em><\/p>\n<blockquote><p><em><strong>\u201cAll of our ID cards will be digitalized,\u201d<\/strong>\u00a0<\/em>he said.\u00a0<strong><em>\u201cAnd MyID is going to make this a reality.\u201d<\/em><\/strong><\/p><\/blockquote>\n<h3><b>ROADMAP<\/b><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-7129 aligncenter size-full\" src=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/Roadmap.png?resize=1080%2C720&amp;ssl=1\" alt=\"\" width=\"645\" height=\"430\" data-attachment-id=\"7129\" data-permalink=\"https:\/\/theicon.ist\/roadmap-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/Roadmap.png?fit=2500%2C1667&amp;ssl=1\" data-orig-size=\"2500,1667\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Roadmap\" data-image-description=\"\" data-medium-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/Roadmap.png?fit=300%2C200&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/theicon.ist\/wp-content\/uploads\/2019\/11\/Roadmap.png?fit=1024%2C683&amp;ssl=1\" \/><\/p>\n<ul>\n<li><strong>First half of 2020:<\/strong>\u00a0Personal info certification in financial sector\u00a0 (Focus on \u201cUntact\u201d, ie. non-face-to-face, processes in the financial sector)<\/li>\n<li><strong>Second half of 2020:<\/strong>\u00a0MyID available on mobile (expand MyID partners to non financial sector)<\/li>\n<li><strong>First half of 2021:<\/strong>\u00a0Mobile ID Platform (People can utilize and manage their personal data via mobile)<\/li>\n<\/ul>\n<blockquote><p><strong><em>\u201cMy ID will be available as a mobile ID card in the second half of 2020 and will evolve into a digital ID platform and a user-centered service by 2021,\u201d<\/em><\/strong>\u00a0said Jonghyup Kim.<\/p><\/blockquote>\n<h3><b>Q&amp;A\u00a0<\/b><\/h3>\n<p>During a brief Q&amp;A session following the main presentation, ICONLOOP\u2019s Jay Kim and Josh Choi answered a few questions. Here are their responses.<\/p>\n<p><strong>Q: How can MyID be used internationally? Doesn\u2019t it have to follow local regulations?\u00a0<\/strong><b>\u00a0<\/b><\/p>\n<p><em>A: There are several regulations that differ depending on each country. But the thing is, Korea has very high standards when it comes to DID services, compared to other countries who are quite open to this. So we assume that once MyID passes these boundaries, it will not be difficult to be accepted internationally.\u00a0\u00a0<\/em><\/p>\n<p><strong>Q: If MyID is used in other platforms, customers will need to download the MyID app and that would be one more hurdle for them. How can MyID overcome this?\u00a0<\/strong><\/p>\n<p><em>A: We are considering some solutions such as\u00a0<a href=\"https:\/\/docs.microsoft.com\/en-us\/windows\/uwp\/app-to-app\/\">app to app<\/a>, so customers don\u2019t need to download a new app while they are using our partner\u2019s services.<\/em><\/p>\n<p><strong>Q: Can you tell us a bit more about the partnership with Samsung?<\/strong><\/p>\n<p><em>A: Samsung joined as a security ecosystem partner. At present, ICONLOOP is discussing ways to secure MyID\u2019s on smartphones with security solutions such as blockchain keystores and KNOX. As a result, MyID is also likely to be embedded in Galaxy smartphones without a separate application. (Source:\u00a0<a href=\"http:\/\/www.etnews.com\/20191105000133\">ET News<\/a>)\u00a0<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sharedaddy sd-sharing-enabled\">\n<div class=\"robots-nocontent sd-block sd-social sd-social-icon-text sd-sharing\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"et_pb_extra_column_sidebar\">\n<div id=\"et-recent-posts-2\" class=\"et_pb_widget widget_et_recent_entries\">\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,20],"tags":[37,53,54],"_links":{"self":[{"href":"https:\/\/www.parametacorp.com\/en\/wp-json\/wp\/v2\/posts\/2638"}],"collection":[{"href":"https:\/\/www.parametacorp.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.parametacorp.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.parametacorp.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.parametacorp.com\/en\/wp-json\/wp\/v2\/comments?post=2638"}],"version-history":[{"count":0,"href":"https:\/\/www.parametacorp.com\/en\/wp-json\/wp\/v2\/posts\/2638\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.parametacorp.com\/en\/wp-json\/wp\/v2\/media\/2642"}],"wp:attachment":[{"href":"https:\/\/www.parametacorp.com\/en\/wp-json\/wp\/v2\/media?parent=2638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.parametacorp.com\/en\/wp-json\/wp\/v2\/categories?post=2638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.parametacorp.com\/en\/wp-json\/wp\/v2\/tags?post=2638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}