Iconloop secures government support to test driver’s license blockchain project

South Korean blockchain company Iconloop is ready to test a blockchain-based driver’s license system in the country.

The business blockchain company Iconloop obtained approval from South Korea’s Ministry of Science and ICT to test its decentralised identity, or DID, technology system for managing driver’s licence data in the country.

According to a company announcement, the test is intended to show the capabilities of DID to provide secure data storage and prevent data forgery.

One million South Koreans now have blockchain driver’s licenses
Commenting on the project, Iconloop CEO Jonghyup Kim said the company’s DID platform allows users to better manage their personal information directly from the Zzeung mobile phone application, rather than using physical driver’s license cards. The application also reportedly gives users more control over their personal data.

Iconloop’s DID test comes at a time when digital identity adoption among South Koreans is on the rise. In August 2020, reports emerged that 1 million South Koreans already held blockchain driver’s licenses.

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The planned test is another government-backed use case for Iconloop’s blockchain-based DID technology system in South Korea. In August 2020, it was revealed that Jeju Island administrators were using DID for contact tracing as part of measures to combat the spread of COVID-19 in the popular tourist destination.

In addition to government agencies, private companies such as SaraminHR, a recruitment company in South Korea, are also using DID to authenticate job seekers‘ credentials. As previously reported by Cointelegraph, Iconloop secured about USD 8 million in funding for its DID project.

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Decentralised identity continues to be one of the most promoted use cases for blockchain adoption. Given the increasing cases of identity theft and breaches of centralised databases, some experts have advocated greater consideration of blockchain-based identity management systems.

In addition to driver’s licenses, other potential cases of decentralised identity adoption include banking, healthcare and the travel industry. In fact, advances in decentralised biometrics have allowed some Southeast Asian countries to begin reviving their tourism sector in the midst of the ongoing coronavirus pandemic.

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