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The South Korean blockchain platform, ICON, continues to carry out projects involving local administration. This week presented three new initiatives in collaboration with the Seoul metropolitan government; Identity card, voting system and S-Coin payment.
This week ICON presented this week at the Blockchain International Metropolitan Festival in Seoul, its new offering aimed at facilitating the lives of Seoul residents. According to a post in the middle the demonstrations were the culmination of the collaboration between ICONLOOP and a number of government agencies including the Korea National Information Society Agency (NIA) and the Korea National Election Commission.
Three main projects presented by the team, the first of which is a national identity card based on blockchain. The details and photos of a user were taken on a laptop and the digital identity card was transferred to a cell phone once a QR code was scanned. The system is somewhat rudimentary at the moment, but shows the potential that this platform has with citizen-based applications.
The second demo was of the ICON blockchain voting system, which was touted as the "next generation's electoral system". One user recorded a vote using the platform and is therefore rewarded with an "S-coin", which was anchored to the Korean won for this demo. The Korea National Information Society Agency and the Korea National Election Commission have collaborated on this project to digitize the vote and embrace the qualities that a blockchain can bring to the process.
Payments with S coins were the third item on the agenda. It is a prototype cryptocurrency called Seoul Coin to digitize payments throughout the city. Scanning a QR code of the product transfers its details and price to a mobile app that can then be used to make immediate payment using the digital currency without the need for cash or cards.
ICON has been closely involved with the South Korean government in recent months. According to another blog post; "ICON is actively conducting discussions at the state level with the government to speed up the state of encrypted legislation in the country." South Korea is one of the most crypto-friendly nations on the planet and clearly aims to maintain this recognition.
The ICON native token, ICX, however, has not escaped the bears in the last 24 hours and has fallen with the rest of the altcoins. At the time of writing ICX is down 2.6% on the day at $ 0.631, the lowest level for two weeks.
