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ICON (ICX) Announces Hugely Important Joint Venture with LINE to Create Unchain Project

ICON is one of the largest blockchain networks in the world with the primary target of hyper-connecting private and public institutions. The network just announced a joint venture of enormous proportions – the partnership with LINE PLUS global social platform. This is extremely important because the social platform had more than 200 monthly average users.

The companies joined efforts to create “Unchain” which is used to develop LINE’s blockchain network.

LINE offers a famous messaging app

LINE provides a famous messaging app that’s available in various countries. It’s the most popular app in Thailand and Japan, and it was named some kind of cultural phenomenon.

Back in 2014 it even became the highest-grossing app, and it was its very own TV show and physical stores as well.

Unchain to develop various decentralized apps aka DApps

Unchain will eventually develop DApps and expand ICON’s blockchain system. The South Korean blockchain company states in an official blog post that “Unchain will create a blockchain ecosystem fueled by a token economy, where the users are rewarded for their contributions to the network.”

The official statement also says that “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.”

H.K. Lee, ICON’s tech director, was welcomed aboard in this new project and was appointed CEO of Unchain.

“H.K. Lee, technical director at ICON, has been appointed as CEO of Unchain. H.K. Lee currently develops and reviews DApp teams looking to collaborate with ICON. He has garnered deep knowledge and experience of both blockchain technology and artificial intelligence through his work,” the Medium post explains.

ICON and LINE partnership has massive importance for both companies. The partnership is significant because it will connect more users and DApps to ICON’s network and it will support the company’s primary goal of connecting the world.

coinmag

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.