This MOU aims to increase the customer value of KPC by providing blockchain-based services from ICONLOOP. Both parties plan to jointly undertake blockchain business development, train blockchain professionals and conduct research on current industry trends.
Notably, ICONLOOP will integrate its blockchain-based certificate issuance service ‘broof’ to help issue certificates for various curriculums operated by KPC. This isn’t broof’s only use case. As announced last week, ICONLOOP signed a strategic partnership with ARTnGUIDE to record the ownership of jointly purchased artworks on the blockchain.
Jonghyup Kim, CEO of ICONLOOP, stated, “Blockchain technology is a key technology that can rapidly increase industrial productivity by ensuring the stability and transparency of qualified verification and human resource management.” He added, “Through the cooperation with Korea Productivity Center, which raises national productivity and leads educational renovations, ICONLOOP will strive to build a blockchain-based industrial ecosystem.”
This recent agreement marks ICONLOOP’s 12th MOU, and third one this year. Prior to this, ICONLOOP signed an agreement with ITU in April, in which it plans on supporting the growth and expansion of startups in developing African countries. Also in the same month, ICONLOOP signed an MOU with SBI Saving Bank and launched ‘SBI Simple Authentication,’ the first blockchain-based authentication service. ICON also has an additional 13 MOUs in place.