Join Our Mailing List
Monday January 30, 2023
Bitcoin (BTC) $23,748.36   Ethereum (ETH) $1,645.28
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Vendor Technology

ICONLOOP applies blockchain certificate issuance service to Korean art purchasing platform

ICONLOOP has signed a strategic partnership with Yeolmae Company for this collaboration

Published by CryptoNinjas.net
08/20/2019
icon

ICONLOOP, one of the largest blockchain networks in South Korea, has announced today it will apply its blockchain-based certificate issuance service ‘broof’ to ‘ARTnGUIDE’, the first online service platform in Korea for co-purchasing works of art operated by Yeolmae Company.

This partnership aims to prevent forgeries and theft by recording ownerships of jointly purchased works of art on the blockchain, managing them reliably, and disclosing the details of transactions transparently.

‘ARTnGUIDE’

‘ARTnGUIDE’ is the first online service platform in Korea for co-purchasing works of art. It contributes to the popularization of the investment in works of art and the market revitalization by providing the gateway to own high-priced art pieces, which have a high entry barrier in terms of price, with just a small amount of investments.

Showing the significant difference from existing ETH-based service, which only recorded ownerships of arts on the Ethereum blockchain, the partnership with ICONLOOP not only allows “ARTnGUIDE” to record ownerships of jointly-purchased works of art, but also record the images of arts on the ICON public blockchain.

‘broof’

‘broof’, which is applied to ‘ARTnGUIDE’, is ICONLOOP’s blockchain-based certificate issuance service that supports certificate issuance, storage, and prevention of falsification based on the ICON public blockchain network. ICONLOOP is trying to create a more reliable and secure certification system through ‘broof’, planning to expand the implementation of this service in various fields in our society. This partnership is significant as it is the first case of applying blockchain-based certificate issuance service to the art market.

“Blockchain technology can enhance the transparency and efficiency of art trading, effectively revitalizing the art purchasing market.” He added, “Through the cooperation with Yeolmae Company, which aims to popularize the art culture and vitalize the market, ICONLOOP will work together to protect intellectual property rights and prevent counterfeiting.”
– Jonghyup Kim, CEO of ICONLOOP

Yeolmae Company

Founded in November 2016 with the aim of popularizing and vitalizing the art market, Yeolmae Company operates ‘ARTnGUIDE’ an online service platform for co-purchasing works of art, and the Art Lounge ‘Chiehwadam’ a space for group purchasers. Yeolmae Company is currently managing co-purchasing works by renowned Korean artists such as Lee Joongseop, Kim Hwanki, Lee Woohwan, and is expanding globally to include renowned foreign artists. Selected to ‘TIPS’ program run by the Ministry of SMEs and Startups in November 2017, Yeolmae Company has been developing analytical technologies of information on art price based on artificial intelligence and big data, and planning to apply them to the platforms currently in operation for more reliable art information.

37
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

ICON to begin work on interchain NFT game platform ‘SPERA’ with 2bytes

01/25/2022
ICON to begin work on interchain NFT game platform 'SPERA' with 2bytes

South Korean blockchain corporation ICONLOOP, announced today it has signed a strategic partnership with the ICON Foundation and 2bytes to establish ‘SPERA’, a blockchain-based interchain NFT game platform, and has released a teaser site...

Read more

Korea’s largest job search platform uses blockchain to verify applicants’ credentials

09/10/2020
Korea’s largest job search platform uses blockchain to verify applicants’ credentials

ICONLOOP, the Korean blockchain technology company, and SaraminHR, Korea’s largest job search platform, today announced the first full implementation of blockchain technology in the recruitment and staffing industry in South Korea. Earlier this year,...

Read more

South Korea’s ICONLOOP launches blockchain KYC certification service

08/26/2020
ICONLOOP CryptoNinjas Funding

ICONLOOP, the South Korean-based blockchain platform, today announced a partnership with Shinhan Bank, Korea’s second-largest commercial bank, to issue KYC compliance certificates through its mobile app Zzeung, which uses ICONLOOP’s blockchain-based decentralized identity (DID)...

Read more

Korean blockchain firm ICONLOOP raises over $8M to grow digital ID service

10/10/2019
ICONLOOP CryptoNinjas Funding

ICONLOOP, one of the largest blockchain enterprises in South Korea and creators of the ICON blockchain, today announced that it raised KRW 10 billion (over USD 8 million) in Series A funding. Seven investment companies...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
6 Best Cloud Mining Platform In 2022

6 Best Cloud Mining Platform In 2022

11/20/2022
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

01/05/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy