South Korean Blockchain Startup Raises $8M for Identity Authentication

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Blockchain company Iconloop has secured 10 billion Korean won (KRW) (over $8 million) to promote its my-ID service and a dedicated alliance. Blockchain company Iconloop has secured 10 billion Korean won (KRW) (over $8 million) from seven investment companies participating in a Series A funding round.Per an Oct. 10 announcement, it was Iconloop’s first venture capital investment since its establishment in 2016, with the participation of companies such as Korea Technology Finance Corporation (KOTEC) and T.S. Investment, among others.Building blockchain-based identity authentication serviceIconloop is planning to allocate the raised funds to launching its blockchain-based digital identity authentication service called “my-ID”.…
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South Korean Blockchain Startup Raises M for Identity Authentication

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