The MyID Alliance continues to grow.
The ICONLOOP-led DID network has expanded to 68 partners with the addition of six new companies and institutions.
The new additions include Growth Partners that will implement MyID-bases ID systems and General Partners that will contribute to realizing a blockchain-based digital ID ecosystem.
Perhaps the biggest new addition is the iconic South Korean data security firm AhnLab, which joins as a “Growth Partner.” AhnLab’s V3 Internet Security software is South Korea’s preeminent antivirus solution with over 50% of the local market.
This makes South Korea one of only a handful of countries where U.S.-made cybersecurity solutions have failed to gain dominance.
Put bluntly, if you’ve used a computer in South Korea, you know AhnLab.
AhnLab’s founder, Ahn Cheol-soo, has since gone on to local prominence as a politician and presidential candidate. Readers may recall that an influential daily partially attributed ICX’s bull run earlier this year to the blockchain-friendly Ahn’s return to politics. AhnLab V3 has a virtual stranglehold on the public sector’s antivirus solution market, a slight hiccup last year notwithstanding.
Another major player to join the Alliance is NHN KCP, South Korea’s largest payment gateway and network operator. The “total e-commerce leader” signs on as a Growth Partner.
The other companies and institutions to join are the paperless trade provider KTNET, leading South Korean crypto finance company Delio, IoT and smart city platform specialist Gractor and decentralized advertising platform weBloc, all of whom join as Growth Partners.
Expect the MyID Alliance’s growth to continue in the wake of recent legal changes that have shaken up South Korea’s local digital ID ecosystem.