ICON selected by IMCLOUD as blockchain technology consultant for Korean election system

The ICON Foundation, overseer of one of the largest blockchain networks confirmed that in July 2018, ICONLOOP (formerly theloop) was selected by IMCLOUD as the blockchain technology consultant for ‘Building the Next Generation Election System based on Intelligence Information Technology’ commenced by Korea National Information Society Agency (NIA) and supervised by Korea National Election Commission (NEC).

ICONLOOP will be offering its expertise in constructing a blockchain-based voting and ballot counting system. This project aims at utilizing the core technologies of the blockchain, artificial intelligence, and big data.

Through close cooperation with the NEC and the NIA, ICONLOOP is exploring the application of blockchain technology throughout various election systems, including candidate registration, voting, and ballot counting.

Additionally, ICONLOOP is presenting its blueprints to improve voters’ convenience, transparency, fairness, and privacy by utilizing blockchain in current remote election system for Korean nationals and voters residing abroad.

The ICON Foundation team said:

“We are proud to be a part of designing the next generation election system to promote and improve democracy, which we recognize as an important issue. We expect to create yet another real-world use case for blockchain technology.”