ICON to Make Moves This Year

ICON (ICX) is a decentralized application network that is being designed with the future in mind and producing the most connective blockchain yet. The ICON network will allow for different entities in specific sectors to create their own blockchain on the network which will allow the platform to be scalable and efficient for all. This limitless potential of scalabillity by distributing the network across a universe of connected blockchains is further enhanced by a self governed consensus algorithm. For example in the medical sector of ICON networks blockchain, hospitals could reach a consensus on how best to transact patient information, allowing the system to reflect the needs of the industry in question.To further reflect the requirements of the market ICON allows individual entities to govern their own policies regarding working with other sectors as well, respecting individuals over blanket term policies. The Korean Financial Investment Blockchain Consortium is the first of its kind and backed by 25 securities firms, and is leading the innovation of domestic capital markets with loopchain, a blockchain technology developed by theloop. This is indicative of Koereas intention to cooperate with ICON as it uses loopchain tech.

This is an important aspect of this cryptocurrency as it is operational and developing itself in a country ranked top in the world for ICT infrastructure. They will have access to all the relevant resources to fulfill this technology and by using loopchain will become a spreading sphere of connectivity beyond the Asian realm of industries. Theloop allows for instant verification and authentication of all digital signatures instantly by the use of an AI system, meaning that data sets are less likely to be misrepresented by human error or transferred through bodies who'll use the information for advertising purposes etc. This is very important to ICON as it means that the technology will be utilizable in the IoT as it doesn't require third parties and streamlines the actions of data transfers, a post trading process costing the US $9 billion a year. This will revolutionize the healthcare industry and others as it will mean data is more reliable and infrastructures are more reflective of the people working in the industry on a whole.

ICON is already scaling it's project toward the healthcare and educational sectors by implementing specific blockchains for both of them. For example Ucoin will operate on the same theloop platform and will allow for student information to be better utilized by teachers and schools, and so that students can use the Ucoin token as a more appropriate payment option for students on campus. It is expansions of the ICON blockchain like this that will enable it to grow in the future and encompass a DAPP platform more personal than Ethereum for their users. It's use of AI with the DAVinCI deep learning system means that the platform will eliminate the risk of economical restriction due to centralized decision making as the platform will reflect the behaviors and requirements of the users.

And the AI can be responsive to a markets condition by making more informed decisions on data sets as a result of deep learning. In the future it is AI technology that provides scalable and efficient operating conditions to industries that will succeed cryptocurrencies like this the most. The factthree people on it's AI development team are CEO, CTO and Project Manager at Leevi Artificial Intelligence Corp is a promising sign as they are evidently emphasizing the allocation of resources to this area. ICON will allow private / public entities to operate in a more self governed way at a lower cost with a platform that responds to their requirements, and it is in a prime position to solve today's problems with tomorrows technology.

If you enjoyed this post stay tuned as tomorrow I will be reviewing the potential of a rival technology EOS and much more, thank you Steemians for the continuing support!