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Tuesday

22 October 2019

South Korean Blockchain Startup Raises $8M for Identity Authentication

South Korean Blockchain Startup Raises $8M for Identity Authentication


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Blockchain company Iconloop has secured 10 billion Korean won (KRW) (over $8 million) from seven investment companies participating in a Series A funding round.

According to the company, my-ID can be used for opening banking accounts without face-to-face verification and “allows for ID authentication information [...] to be saved to the user’s mobile phone so that users can reuse said information to open further accounts or access other services that require identification.”.

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cointelegraph.com
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