Exciting times for the Blockchain hemisphere as three major blockchain projects that all recently held their ICO are holding hands to build a new future regarding the interoperability of blockchain systems. As stated by Icon’s latest Mediumpost.
ICON has joined the “Blockchain Interoperability Alliance”. The Alliance is backed by ICON, Aion, and Wanchain and has the shared goal of promoting interconnectivity between the isolated blockchain networks.
As a personal investor in the pre-sale of Icon Foundation as i’m bullish on Korea’s future when it comes to Blockchain related projects this news came as a nice surprise.
Initially i believed these companies would be competing fiercely to be “The one” when it comes to connecting different blockchains. But it looks like we are at such a early stage that cooperation instead of competition is the way to go when it comes to bringing this exciting future faster to our daily lives.
Question remains how ICON, Wanchain and AION are going to be cooperating in this sphere, as far as i know Icon with ‘Theloop” blockchain is the only one that is currently being used in the ‘real world’ to help bring additional infrastructure improvements to existing institutions.
JH Kim, ICON Foundation Council Member, has high hopes for the Alliance, “The goal of this alliance is to create a globally accepted standard for connecting blockchains, and to bring innovations together”.
Keep an eye out around here as we will post all ICON related news in the future and try to bring fresh discussions related.