[December 31, 2020] ICONLOOP to Develop Blockchain-Based Mobile Driver's License Under Regulatory Sandbox Approval in South Korea SEOUL, SOUTH KOREA , Dec. 31, 2020 (GLOBE NEWSWIRE) -- Koreaâs leading enterprise blockchain technology company, ICONLOOP (https://www.iconloop.com/en/), today announced it is developing a blockchain-based mobile drivers license under regulatory sandbox approval in South Korea. South Koreaâs Ministry of Science and ICT granted ICONLOOP permission to test its Decentralized Identity (DID) technology on mobile driverâs licenses with the goal of better preventing forgery and protecting personal data. In todayâs centralized system, driverâs license information is stored on a single server, leaving it vulnerable to leaks or attacks. ICONLOOPâs pioneering Decentralized Identity technology solves this, allowing people to directly manage their own data by storing authenticated personal information on their mobile devices using the Zzeung app. When a user needs to submit their authentcated data, they can simply select and submit the necessary information.