ICONLOOP signs MOU with the Korea Productivity Center to build a blockchain-focused ecosystem

ICONLOOP, the company behind the cryptocurrency ICX, has just announced that it has signed a strategic Memorandum of Understanding with the Korea Productivity Center (KPC), the first educational consultancy, to build a blockchain-based industrial ecosystem.

The partnership plans to carryout business developments for companies related to the blockchain industry, create blockchain professionals and conduct research on the latest industrial trends. The MOU is expected to further increase the customer value of Korea Productivity Center using blockchain technology and all the enterprise-grade services that ICOONLOOP provides.

One of the primary services to be used by the Korea Productivity center is the ‘broof’ service, which enhances the transparency while issuing qualified certifications for various courses conducted by the institution. The use of ‘broof’ will ensure safe storage and prevent falsification of data.

Jonghyup Kim, CEO of ICONLOOP, commented on this latest partnership:

“Blockchain technology is a key technology that can rapidly increase industrial productivity by ensuring the stability and transparency of qualified verification and human resource management. Through the cooperation with Korea Productivity Center, which raises national productivity and leads educational renovations, ICONLOOP will strive to build a blockchain-based industrial ecosystem.”

As previously reported, ICONLOOP is also in a strategic partnership with the Yeolmae Company aiming to prevent any kinds of forgeries and theft of artwork that is purchased jointly, by storing all the sensitive information in the blockchain using ‘broof’.

About Broof

‘broof’ is ICONLOOP’s very own blockchain-based certificate issuance service, launched on May 30 2019,  completely developed on the ICON public blockchain. This ensures the storage and prevention of falsification of certificates issued by broof. The company is building a reliable and transparent certificate issuance system and plans to expand its uses to various other sectors. With the aim of accelerating mass adoption of blockchain, broof also helps authorities to reduce the cost of issuing and storing paper documents which can be tampered with as well.