Crypto News

Korean cryptographic platform ICONLOOP has been busy despite a long break in altcoin activity. The latest development of the project is a blockchain-based identity authentication service.

ICON keeps the cryptographic news
Many encryption projects have fallen away, as the prolongation of winter keeps the price of tokens on the floor. Some, however, ignored market issues and switched to their projects. ICONLOOP from South Korea is one of the blockchain startups that continues to innovate, and its latest offering is a blockchain-based identity verification service.

The system uses a decentralized identifier protocol (DID) in the ICON blockchain. Users can store their personally identifiable information in the DPASS program and access several related services without having to verify their identity.

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Modern systems of identity verification are often difficult for those who lack technical thinking. Many are subject to abuse by third parties who attempt to steal their personal identity for profit. The DPASS system was designed to prevent users from managing their personal data.

As an additional layer of security, DPASS works with a blockchain-based certificate-issuing service developed by ICONLOOP called “the underworld”. This allows them to keep security certificates that are immune from fraud and counterfeiting. The platform is designed to work with more online and offline services that require these advanced layers of security.