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Iconloop secures gov backing to check blockchain driver’s license mission

01/04/2021

South Korean blockchain agency Iconloop is about to check a blockchain-based cellular driver’s license system within the nation.

Enterprise blockchain agency Iconloop has secured approval from South Korea’s Ministry of Science and ICT to check its decentralized identification, or DID, expertise system to handle driver’s license information within the nation.

In accordance with an announcement from the corporate, the trial run goals to showcase the DID’s capabilities in providing safe information storage whereas stopping information forgery.

Commenting on the mission, Iconloop CEO Jonghyup Kim remarked that the corporate’s DID platform permits customers to higher handle their private info straight from the Zzeung cell phone app, as a substitute of utilizing bodily driver’s license playing cards. The app additionally reportedly provides customers larger management of their private information.

Iconloop’s DID take a look at is coming at a time when digital identification adoption amongst South Koreans is on the rise. In August 2020, studies emerged that 1 million South Koreans already maintain blockchain driver’s licenses.

The deliberate take a look at is one other government-backed use case for Iconloop’s blockchain-based DID expertise system in South Korea. Again in August 2020, it was revealed that Jeju Island directors have been utilizing DID for contact tracing as a part of the measures to fight the unfold of COVID-19 within the standard vacationer vacation spot.

Other than authorities companies, personal companies akin to SaraminHR — a recruitment agency in South Korea — are additionally reportedly utilizing the DID for authenticating the credentials of job candidates. As beforehand reported by Cointelegraph, Iconloop secured about $8 million in funding for its DID mission.

Decentralized identification stays one of many often-touted use instances for blockchain adoption. Given the rising instances of identification theft and breaches of centralized databases, some specialists have argued for extra consideration towards blockchain-based identification administration programs.

Other than driver’s licenses, different potential adoption instances for decentralized identification embody banking, healthcare and the journey trade. Certainly, advances in decentralized biometrics have allowed some nations in Southeast Asia to start reviving their tourism sector amid the continuing coronavirus pandemic.