<

ICON has partnership with Band Protocol to provide secure and verified data oracles

ICON Network, one of the largest decentralized blockchain networks, has strategically partnered and chosen Band Protocol to provide secure and verified data oracles for its rapidly growing decentralized application ecosystem, according to the announcement on July 23.

This collaboration is extendable into using Band Protocol to support ICON’s multi-faceted network of established enterprises and government agencies ranging from banks, telecommunications companies, and South Korean government agencies — expanding the use-cases for customized and scalable data oracles provided by Band Protocol.

ICON is deeply rooted in South Korea, shaping itself as the blockchain developer for the government. The platform operates a network of established enterprises and government agencies including banks, telecoms companies, and healthcare providers, and provides blockchain solutions and development to suit their needs.

Min Kim, founder of the ICON Network, said:

“The strategic partnership and integration with Band Protocol to the ICON Network will bring increased security and scalability to all the decentralized applications built on South Korea’s largest blockchain project.”

Soravis Srinawakoon, CEO & Co-Founder of Band Protocol, said:

“Band Protocol is excited to be integrating with ICON, a pioneer and leader in the blockchain space to expand the use of data oracles in South Korea where the blockchain industry is very developed and welcomed by authorities as well as enterprises. With the end-to-end customizability of Band Protocol’s oracles, we look forward to extending our support to traditional enterprises and departments that have potential to leverage blockchain technology in Korea with the help of ICON.”

For an oracle network, integrations are key to growth. As such, investors will likely be closely scrutinizing how many integrations Band Protocol can secure going forward.

BAND price in 2020 | Source: Coinmarketcap

Band Protocol, currently ranked #86 by market cap, is up 6,5% over the past 24 hours at $4,89. BAND has a market cap of $100.291 million with a 24 hour volume of $28.838 million.

Read more:

Follow us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like

LATEST NEWS

LASTEST NEWS