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[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) Korea’s 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 Korea’s Ministry of Science and ICT granted ICONLOOP permission to test its Decentralized Identity (DID) technology on mobile driver’s licenses with the goal of better preventing forgery and protecting personal data. 
In today’s centralized system, driver’s license information is stored on a single server, leaving it vulnerable to leaks or attacks. ICONLOOP’s pioneering Decentralized Identity technology solves this, allowing people to directly manage their own data by storing authenticated personal information on their mobile devi ....

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