NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

South Korean Crypto Platform ICON Launches Decentralized Passport Service

Martin Young
Martin Young
6 years ago
2 mins read
crypto

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Korean crypto platform ICONLOOP has been busy despite the prolonged lull in altcoin activity. The latest development from the project is a blockchain-based self-sovereign identity authentication service.

ICON Keeps Up Crypto Innovation

Many crypto projects have fallen by the wayside as the prolonged altcoin winter keeps token prices on the floor. Some, however, have shrugged off market matters and soldiered on with their projects. South Korean ICONLOOP is one of those blockchain startups that keeps on innovating and its latest offering is an identity authentication services based on the blockchain.

According to today’s official announcement:

“‘DPASS’ is the acronym of Decentralized Passport, a mobile application supporting blockchain-based identity authentication and cryptocurrency wallets regardless of borders.”

The system uses the decentralized identifiers (DID) protocol on the ICON blockchain. Users can store their personally identifying information on the DPASS app and login to various linked services without reconfirmation of identity.

Current systems of identity verification are often cumbersome for those not technically minded. Many are also open to abuse by third parties seeking to steal personal identities for profit. The DPASS system has been designed prevent this giving users the authority to manage their own personal data.

As an additional layer of security DPASS works with a blockchain-based certificate issuing service developed by ICONLOOP called ‘broof’. This enables the storage of security certificates which are immune to fraud and counterfeit. The platform has been designed to work with a growing number of online and offline services which require these advanced security layers.

CEO of ICONLOOP, Jonghyup Kim, stated:

“Users will be able to see how revolutionarily easy it would be when DPASS is aligned with various services and users can log in with one Blockchain ID on those services. ICONLOOP is making utmost efforts with many partners to launch blockchain-based services that can be used easily and conveniently in real life. I hope you look forward to it.”

ICONLOOP has close ties with the South Korean government, and just recently the Financial Services Commission (FSC) added the firm’s ‘my-ID’ service into the ‘Innovative Financial Services and Regulations Sandbox’.

This digital ID system can be used for non-face-to-face verifications such as opening bank accounts. Adoption of these services is growing in South Korea. So far 18 companies including manufacturers, banks, stock and securities firms, insurance companies, and e-commerce companies have expressed interest in participating in the Innovative Financial Service project.

ICX Still On The Floor

ICON’s native crypto token, ICX, is still frozen over from crypto winter along with most of the other altcoins. Following Bitcoin’s slide today, ICX has dropped 6 percent on the day in a fall back to $0.29. It has been pretty flat since the big digital dump in November last year and is still down over 97 percent from its peak. When altcoins finally start moving this one should recover fast considering the progress its parent project is making.

Image from Shutterstock
Tweet123Share196ShareSend
Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Snorter Bot 代幣最後機會入場!距離領取倒數6天 潛在 2260 倍暴漲在即?

Snorter Bot Token (SNORT)的最後買入周正式開啟。專案宣佈將買入期限延長至 10 月 27 日 UTC 時間下午 2 點,這也是投資者在認領階段上線前的最後機會。 只剩6天倒計時...

newsbtc 3 hours ago
Solana SOL SOLUSD

Analysts See $250 Rally Ahead as Solana Holds Key Support and Trading Volume Surges

Solana (SOL) is back on the front foot after a choppy week, trading near $194 and holding a critical support...

James Halver 4 hours ago
Ethereum

Ethereum and Solana Price Ready To Send Hard? Legendary Analyst Says It’s Time To Pay Attention

A rare signal from a legendary market analyst has caught traders’ attention as the Ethereum and Solana price begins to...

Scott Matherson 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Death Cross That Last Preceded A 60% Drop Just Returned

Keshav Verma 1 hour ago
bnb-price-analysis-market-rebound-boosts-bitcoin-hyper-presale-24m-tw

BNB價格分析反彈重燃市場信心 資金回流推動Bitcoin Hyper預售破2,400萬美元!

Mark Mak 2 hours ago
Ethereum

Ethereum’s Open Framework Is A Playground For Grifters — Here’s Why

Godspower Owie 2 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨おすすめ:政府閉鎖で注目高まるCPI発表と次回利下げを巡るFRBの動き

    ...

    13 hours ago
  • ドージコイン 今後の価格予測:0.86ドル到達の可能性、次世代ミームトークンが10倍成長か

    ドージコイン...

    14 hours ago
  • リップル 今後 に注目:オプション市場の強気転換が示すBTC・ETHからXRP・SOLへの資金移動

    リップル 今後...

    14 hours ago
  • 新しい仮想通貨が急上昇:レイヤー2プレセールで2,500万ドル目前

    ...

    14 hours ago
  • コインベース市場回復前に注目すべき仮想通貨プレセール銘柄

    ...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.