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21 October 2019

Korean blockchain firm ICONLOOP raises over $8M to grow digital ID service

Korean blockchain firm ICONLOOP raises over $8M to grow digital ID service


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With the new funding, ICONLOOP will focus on the launch of its DID service my-ID and expansion of the my-ID Alliance.

my-ID is a blockchain-based mobile ID service powered by ICONLOOP’s own DID technology, it was designated as an Innovative Financial Service in back in June.

The official was also quoted as saying, “We believe ICONLOOP acquired technological advantages and know-how from many major projects with various financial and public organizations and it will lead the growth of the blockchain industry in Korea after it dominates the market with its my-ID service.”.

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