NEW YORK, Aug. 22, 2017 /PRNewswire/ -- On Aug. 3, 2017, the "ICON" development team launched their Demo Day. The main purpose of the Demo Day was to opensource the ICON code and share the current progress of the project. ICON also provided public coding sessions to everyone who participated in the event.
ICON is an interconnecting blockchain network that connects independent blockchains without additional intermediaries. Various blockchains can communicate with each other on the ICON platform. By connecting separately existing blockchains, ICON aims to become the largest blockchain network in the world.
As one of the most promising blockchain startups in Korea, ICON already partnered with a large consortium of reputable institutions: banks, securities, insurance, hospitals, and universities. ICON aims to develop various decentralized applications (DApp) such as blockchain based identification service and a decentralized exchange (DEX).
The Demo Day started with making the code open-source. The ICON development team opened the ICON code sources on a Github repository. All participants of the session learned how to generate blocks and send transactions.
Secondly, ICON held a private session for financial experts. The private session was held for 25 of the largest financial securities firms in Korea. The overall conference was led by the Korea Financial Investment Association (KOFIA). In the closed session, financial experts shared ideas on blockchain authentication services in the financial field.
JH Kim, foundation council member of ICON, was the primary speaker at the ICON Demo Day event. JH Kim majored in computer science at POSTECH University, has patents in security protocols, and has over 20 years of experience in the information security sector. JH Kim states, "As an interconnecting blockchain network, I believe that the ICON blockchain has the potential to become the largest blockchain in existence."
With outstanding blockchain technology and business partnerships, ICON will open its token sale on Oct. 20, 2017, to distribute their cryptocurrency "ICX." ICX will be used as an intermediary currency when communicating amongst multiple blockchain networks.
You can check the ICON project through their website (https://icon.foundation).
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