ICON, one of the largest blockchain networks in the world which aims to hyper-connect private and public institutions, has announced a massive partnership with LINE PLUS, a global social platform with a monthly average user count over 200 million. Together, the two companies have co-founded ‘Unchain’ in an effort to construct LINE’s blockchain network.
A Joint Venture of Massive Proportions
The goal of Unchain is to develop a variety of decentralized applications (DApps) while also expanding upon ICON’s blockchain ecosystem. According to an official blog post from the South Korean blockchain company:
Unchain will create a blockchain ecosystem fueled by a token economy, where the users are rewarded for their contributions to the network. DApp services discovered through ICON and Unblock, a subsidiary of LINE dedicated to blockchain research and to accelerate DApp projects, will be integrated with Unchain. This joint venture takes blockchain and decentralization another step closer to being a part of our everyday lives.
ICON’s technical director, H.K. Lee, has been appointed as Unchain’s CEO. “H.K. Lee currently develops and reviews DApp teams looking to collaborate with ICON,” the company explained. “[Lee] has garnered deep knowledge and experience of both blockchain technology and artificial intelligence through his work.” […]