Iconloop secures gov backing to test blockchain driver's license project
Iconloop secures gov backing to exam blockchain driver'southward license projection
South Korean blockchain firm Iconloop is set to test a blockchain-based mobile driver'southward license organisation in the country.
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Enterprise blockchain house Iconloop has secured approval from Republic of korea's Ministry of Science and ICT to test its decentralized identity, or DID, technology system to manage commuter's license data in the country.
According to an announcement from the company, the trial run aims to showcase the DID'south capabilities in offering secure data storage while preventing data forgery.
Commenting on the project, Iconloop CEO Jonghyup Kim remarked that the company's DID platform allows users to meliorate manage their personal data directly from the Zzeung mobile phone app, instead of using physical driver's license cards. The app also reportedly gives users greater control of their personal data.
Iconloop's DID examination is coming at a time when digital identity adoption amidst South Koreans is on the ascension. In August 2020, reports emerged that 1 meg South Koreans already hold blockchain commuter's licenses.
The planned test is another government-backed apply case for Iconloop'south blockchain-based DID engineering science organization in Southward Korea. Dorsum in Baronial 2020, it was revealed that Jeju Island administrators were using DID for contact tracing every bit office of the measures to gainsay the spread of COVID-xix in the popular tourist destination.
Apart from government agencies, private firms such as SaraminHR — a recruitment business firm in S Korea — are also reportedly using the DID for authenticating the credentials of job applicants. As previously reported by Cointelegraph, Iconloop secured most $8 1000000 in funding for its DID project.
Decentralized identity remains one of the often-touted utilize cases for blockchain adoption. Given the rising cases of identity theft and breaches of centralized databases, some experts accept argued for more consideration toward blockchain-based identity direction systems.
Apart from commuter'southward licenses, other potential adoption cases for decentralized identity include banking, healthcare and the travel manufacture. Indeed, advances in decentralized biometrics accept allowed some countries in Southeast Asia to begin reviving their tourism sector amid the ongoing coronavirus pandemic.
Source: https://cointelegraph.com/news/iconloop-secures-gov-backing-to-test-blockchain-driver-s-license-project
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