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©2018 ICON Foundation
An Interoperable Platform
ICON
for Enterprise and DApp Ecosystem
Source : KPMG (2017)
Blockchain Technology Test and Use Cases
1
1
1
3
10
26
Public Sector
Technology, Media &
Telecommunications
Energy & Resources
Life Sciences & Health Care
Cross-Sector
Financial Services
Number of Consortia by Sector
CurrentStateofGlobalBlockchainConsortia
Source : Deloitte (2017)
Success Factors of a Blockchain Project
Source : Deloitte (2017)
FUNDING MEMBERSHIP
GOVERNANCE LEADERSHIP
Securing enough funds is crucial as it takes a long time
and huge amount of capital to test and commercialize
blockchain technology for consortium
Motivating the involvement of key institutions in the
industry strengthens the influence of the consortium
The optimal governance structure is needed to
coordinate the various issues that arise as the
consortium proceeds
A consortium can be further promoted when a
consortium leader plays an active role in business and
technology development
Working with Enterprises
Online trading service certificate
issued by 25 securities firms on
blockchain
CHAIN ID
A campus crypto platform on a smart
vending machine.
Pilot service running at Sogang
University and Postech University
U-coin
Pilot service with Kyobo Life Insurance,
a major life insurance company in South Korea
Automated Insurance Claim
CHAIN ID & SAMSUNG PASS
• CHAIN ID is the first blockchain-based joint authentication
service in the world and is the first commercialized service
• Theloop’s proprietary blockchain solution is applied to the
authentication system of financial investment industry in
order to replace current government authentication system
• SAMSUNG PASS needed a technology partner who can ensure
high-security and bring clients from the finance sector
• The CHAIN ID authentication system will be used in next
Samsung mobile devices and other various financial services
U-COIN
• The goal of the U-Coin project is to enable blockchain to be
used in real life by applying the technology to the Simple
Payment system of South Korea
• The U-Coin project has created a transparent currency/
payment system that is not restricted by any regulatory
environment
• U-coin is a payment solution on mobile app and digital
vending machine provided to various franchises. It is a digital
currency pegged to Korea Won
• The currency system can be applied to any payment/ money
transfer service based on blockchain
INSURANCE CLAIM
의무기록
Kyobo Life Insurance Claim System
Medical record submission and
insurance claim are processed
automatically for micro medical fee
• Since the early days of the blockchain technology, many
ideas about the application of the blockchain on insurance
industry have been derived
• By connecting hospital-insurer on a blockchain, the patient’s
medical records are shared with the insurer upon customer’s
approval, and the customer is able to receive the insurance
payment without the insurance claim process
• Pilot test of the service was carried out by cooperation of
Kyobo Life-theloop and a digital medical record service
provider (funded by KISA)
• The service is expected to be expanded to other life insurers
Blockchain
Joint
Authentication
Customer
• Insurance Claim
Payment
• Treatment
• Payment
Medical
Center
Insurance
Company • Medical Record
• Auto Claim
Securities
Insurance
Hospitals
Banks
Universities
Connecting Independent Blockchains
The ICON Project was launched to address the problem with interoperability.
Through the C-Rep of each independent community of blockchain,
different blockchains can be connected to one another on Nexus.
Multiple Nexus can co-exist and connect with each other as well.
Initial ICONers
BTP
Blockchain Transmission
Protocol
IISS
ICON Incentive
Scoring System
DEX
Decentralized
Exchange
On-chain
Governance
Voting system for
policies running
ICON Republic
ICON Feature
Source : http://specrationality.com/icon
Consensus
loopchain
Community Edition ICON
loopchain
Enterprise Version
P2P Integrity
LFT PBFT
Block Management
Platform Connector
Consensus Connector Consensus Connector
APM KMS
SCORE Admin
IISS ICX
SCORE EVM
Compliance Off-chain Storage
Privacy JVM
BTP
Representation Channel
ICONex
ICONick
• Basic consensus structure that constitutes a blockchain is shared- each
product develops customized features under the connector structure
• Allows unique customization and adding new functionalities while maintaining
the consensus structure
• The Smart Contract Platform will support SCORE, EVM, JVM, and others
loopchain / ICON Structure
Limits the impact of Byzantine
Generals Problem
PBFT Practical Byzantine Fault Tolerance
Leader
1
2
3
4
Phase
3 Phases
Propose > Pre-vote > Pre-commit
Network
Traffic 2n2+n
LFT Loop Fault Tolerant
2.5 Phases
Broadcast block > Broadcast vote
n2+n
LFT
Rotates leader selection process
Relays entire voting message
SCORE Store
Smart Contract registration, distribution, version management
SCORE local repository
Block storage
loopchain peer
SCORE Container
SCORE
SCORE Storage
SCORE
Separates blockchain core and container
runtime(smart contract) for stability
Instead of VM, supports native execution
for performance
Channel A Channel B
Channel Manager
Channel A Channel B
Transaction SCORE Transaction SCORE
loopchain peer
Multi Channel
Virtualization : Single Peer, Multi Blockchain
 easier deployment
Access control : isolates every channel
 higher security
Multi-Channel in ICON
Multi-Channel is implemented where each SCORE state is independent of each other
SCORE
Ch #n
.
.
.
ICX
sharding by #add
hx...01 hx...11 hx...21 hx...31 ...
hx...02 hx...12 hx...22 hx...32 ...
1-a. Checked as
‘updating’
2. Update separately
1-b. Wait until u
pdating ends
Ch #2
Ch #1
Ch #2
dApp
C
Ch #1dApp
A
dApp
B
Ch #n
dApp
D
.
.
.
Shard + Multi-Channel : As ICX is base coin for ICON, all SCORE smart contracts depend on ICX
ICON Strategy
A platform to be chosen by users
What kind of value are we trying to bring to the users?
How is it changing their lives?
Hyperconnect the World
Build a community of communities based on the
consensus to our governance and protocol
ICON network
ICON network
Source : http://spec-rationality.com/icon/
Extending the Platform
Game
Entertain-
ment
Media
Commerce Sharing
Community
Contents
Streaming
service
Game-toon Item
Your vision can be realized on the ICON network.
Anyone can build a DApp, participate and connect to
blockchain, whether enterprise consortiums or
public blockchains, through ICON.
T-Bears
SCORE Development
Tool
Decentralized Applications
• SCORE enables intuitive DApp development
• EVM support enables Solidity-based DApp
deployment and execution
• 1 Confirmation Finality
• ~1,000 TPS for each channel
• Flexible Fee by adjusting the ratio between
the service provider and the user
• Fee can paid by staking ICX
• Platform designed with Interoperability in
mind through BTP
ICONex
Inter-blockchain
Wallet
ICONest
ICON Fundraising
Platform
Thank you!
©2018 ICON Foundation

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Beyond blocks summit Seoul - Taking the Lead: An insight to ICON’s Leadership and Partnership Strategy

  • 1. ©2018 ICON Foundation An Interoperable Platform ICON for Enterprise and DApp Ecosystem
  • 2. Source : KPMG (2017) Blockchain Technology Test and Use Cases
  • 3. 1 1 1 3 10 26 Public Sector Technology, Media & Telecommunications Energy & Resources Life Sciences & Health Care Cross-Sector Financial Services Number of Consortia by Sector CurrentStateofGlobalBlockchainConsortia Source : Deloitte (2017)
  • 4. Success Factors of a Blockchain Project Source : Deloitte (2017) FUNDING MEMBERSHIP GOVERNANCE LEADERSHIP Securing enough funds is crucial as it takes a long time and huge amount of capital to test and commercialize blockchain technology for consortium Motivating the involvement of key institutions in the industry strengthens the influence of the consortium The optimal governance structure is needed to coordinate the various issues that arise as the consortium proceeds A consortium can be further promoted when a consortium leader plays an active role in business and technology development
  • 5. Working with Enterprises Online trading service certificate issued by 25 securities firms on blockchain CHAIN ID A campus crypto platform on a smart vending machine. Pilot service running at Sogang University and Postech University U-coin Pilot service with Kyobo Life Insurance, a major life insurance company in South Korea Automated Insurance Claim
  • 6. CHAIN ID & SAMSUNG PASS • CHAIN ID is the first blockchain-based joint authentication service in the world and is the first commercialized service • Theloop’s proprietary blockchain solution is applied to the authentication system of financial investment industry in order to replace current government authentication system • SAMSUNG PASS needed a technology partner who can ensure high-security and bring clients from the finance sector • The CHAIN ID authentication system will be used in next Samsung mobile devices and other various financial services
  • 7. U-COIN • The goal of the U-Coin project is to enable blockchain to be used in real life by applying the technology to the Simple Payment system of South Korea • The U-Coin project has created a transparent currency/ payment system that is not restricted by any regulatory environment • U-coin is a payment solution on mobile app and digital vending machine provided to various franchises. It is a digital currency pegged to Korea Won • The currency system can be applied to any payment/ money transfer service based on blockchain
  • 8. INSURANCE CLAIM 의무기록 Kyobo Life Insurance Claim System Medical record submission and insurance claim are processed automatically for micro medical fee • Since the early days of the blockchain technology, many ideas about the application of the blockchain on insurance industry have been derived • By connecting hospital-insurer on a blockchain, the patient’s medical records are shared with the insurer upon customer’s approval, and the customer is able to receive the insurance payment without the insurance claim process • Pilot test of the service was carried out by cooperation of Kyobo Life-theloop and a digital medical record service provider (funded by KISA) • The service is expected to be expanded to other life insurers Blockchain Joint Authentication Customer • Insurance Claim Payment • Treatment • Payment Medical Center Insurance Company • Medical Record • Auto Claim
  • 9. Securities Insurance Hospitals Banks Universities Connecting Independent Blockchains The ICON Project was launched to address the problem with interoperability. Through the C-Rep of each independent community of blockchain, different blockchains can be connected to one another on Nexus. Multiple Nexus can co-exist and connect with each other as well.
  • 11. BTP Blockchain Transmission Protocol IISS ICON Incentive Scoring System DEX Decentralized Exchange On-chain Governance Voting system for policies running ICON Republic ICON Feature Source : http://specrationality.com/icon
  • 12. Consensus loopchain Community Edition ICON loopchain Enterprise Version P2P Integrity LFT PBFT Block Management Platform Connector Consensus Connector Consensus Connector APM KMS SCORE Admin IISS ICX SCORE EVM Compliance Off-chain Storage Privacy JVM BTP Representation Channel ICONex ICONick • Basic consensus structure that constitutes a blockchain is shared- each product develops customized features under the connector structure • Allows unique customization and adding new functionalities while maintaining the consensus structure • The Smart Contract Platform will support SCORE, EVM, JVM, and others loopchain / ICON Structure
  • 13. Limits the impact of Byzantine Generals Problem PBFT Practical Byzantine Fault Tolerance Leader 1 2 3 4 Phase 3 Phases Propose > Pre-vote > Pre-commit Network Traffic 2n2+n LFT Loop Fault Tolerant 2.5 Phases Broadcast block > Broadcast vote n2+n LFT Rotates leader selection process Relays entire voting message
  • 14. SCORE Store Smart Contract registration, distribution, version management SCORE local repository Block storage loopchain peer SCORE Container SCORE SCORE Storage SCORE Separates blockchain core and container runtime(smart contract) for stability Instead of VM, supports native execution for performance
  • 15. Channel A Channel B Channel Manager Channel A Channel B Transaction SCORE Transaction SCORE loopchain peer Multi Channel Virtualization : Single Peer, Multi Blockchain  easier deployment Access control : isolates every channel  higher security
  • 16. Multi-Channel in ICON Multi-Channel is implemented where each SCORE state is independent of each other SCORE Ch #n . . . ICX sharding by #add hx...01 hx...11 hx...21 hx...31 ... hx...02 hx...12 hx...22 hx...32 ... 1-a. Checked as ‘updating’ 2. Update separately 1-b. Wait until u pdating ends Ch #2 Ch #1 Ch #2 dApp C Ch #1dApp A dApp B Ch #n dApp D . . . Shard + Multi-Channel : As ICX is base coin for ICON, all SCORE smart contracts depend on ICX
  • 17. ICON Strategy A platform to be chosen by users What kind of value are we trying to bring to the users? How is it changing their lives? Hyperconnect the World Build a community of communities based on the consensus to our governance and protocol
  • 19. ICON network Source : http://spec-rationality.com/icon/
  • 20. Extending the Platform Game Entertain- ment Media Commerce Sharing Community Contents Streaming service Game-toon Item
  • 21. Your vision can be realized on the ICON network. Anyone can build a DApp, participate and connect to blockchain, whether enterprise consortiums or public blockchains, through ICON. T-Bears SCORE Development Tool Decentralized Applications • SCORE enables intuitive DApp development • EVM support enables Solidity-based DApp deployment and execution • 1 Confirmation Finality • ~1,000 TPS for each channel • Flexible Fee by adjusting the ratio between the service provider and the user • Fee can paid by staking ICX • Platform designed with Interoperability in mind through BTP ICONex Inter-blockchain Wallet ICONest ICON Fundraising Platform