Read on Twitter
1/ First, I’d like to congratulate @extendjh and ICONLOOP team for this exciting MyID launch. MILLIONS of ppl will interact with the ICON public network thru this partnership w Jeju Gov't alone. Here’s the official Korean announcement directly from Jeju. https://www.jeju.go.kr/news/bodo/list.htm?act=view&seq=1252598
2/ This is real-world use and the level of mass adoption we’ve been aiming for. 15M ppl visit Jeju annually. CJU(Jeju)-GMP(Seoul) is the busiest domestic route in the ENTIRE world. FYI 15M is 30% of Korea's pop and larger than the ENTIRE Seoul pop. https://twitter.com/mincircle6/status/1295918995049070592?s=20
3/ It’s important to note that ALL public chains today have tech limitations for enterprise use. It’s rare for enterprises to go all-in on a new tech. ICON public chain is partially used for this Jeju project which is an enormous progress. THIS IS GLASS HALF FULL FOR NOW, FOLKS.
4/ Of course, ICON public chain needs to overcome technical challenges to be more stable and scalable for full enterprise use. We’ve learned A TON over the past couple of years while building ICON. I’ll stop here b/c I’m saving this news about ICON tech for another day.
5/ Jeju win didn't happen in a day. Remember that this ‘MyID’ launch took years of cumulative wins. The project first launched as ChainID in partnership with Korea Financial Investment Association (KOFIA) in May 2018. https://medium.com/helloiconworld/chain-id-the-worlds-first-blockchain-joint-authentication-service-95f2a743512f
6/ ICONLOOP was selected as the main tech provider for Seoul Metro Gov’t blockchain project on Sep 2018. Although this was not directly related to ChainID or MyID, the experience proved ICONLOOP’s technical and professional capabilities working w Gov't. https://medium.com/helloiconworld/iconloop-selected-to-demonstrate-seoul-blockchain-platform-42b7701529
7/ On Jun 2019, ICONLOOP finally received the regulatory approval that was needed to push Decentralized ID(DID) forward. ChainID officially changed/evolved into MyID to include not only financial firms, but broader ecosystem partners from all industries. https://medium.com/helloiconworld/korea-fsc-approves-iconloops-blockchain-based-digital-identity-authentication-service-codenamed-a56d6a31145
8/ ICONLOOP introduced DPASS on July 2019 to showcase Decentralized ID (DID) to its enterprise partners. Both ChainID and DPASS laid the foundation to the current MyID app ‘Zzeung’. https://medium.com/helloiconworld/iconloop-launches-dpass-blockchain-based-identity-authentication-service-ba5cc3cfef9c
9/ This Jeju project is the 1st of many MyID projects to come. Also infectious disease prevention system/contact tracing is the 1st of many initiatives under this Jeju project. In other words, more to come on MyID.
10/ So far, this Jeju project announcement has been published on 28 official news sites in Korea. This is the first of many MyID launches. But to start with a partnership with Jeju Island, Korea #1 domestic tour destination with 15M annual visitors is GREAT START.
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