Icon is a very exciting and ambitious project, building one of the largest decentralized block chain networks in the world. I usually review coins that have a real life usage and ICON fits the bill perfectly. What ICON is doing is connecting various industries on their platform through their “Loop-chain Project”. Currently they are working on connecting various communities such as Financial Institutions, Insurance, Universities and Healthcare in South Korea. An example of how their connectivity will work is if a patient is insured and goes to a hospital, using their Block chain ID patient’s information will be sent to the insurer who will verify it and pay the hospital all on the decentralized blockchain.
Their application is already work in progress in securities for “Chain ID” shared security for ID theft and in insurance for claims in a limited way but they intend to take it public in 2018. They are also looking to gain traction of partnerships with more banks this year. With banks they are developing a pre paid digital payment system with complete digital account management. For Universities they will be establishing proof of concept where students will be able to use their token on vending machines through their app in 2018.
It’s certainly a very ambitious project but they have done most of their legwork in 2017 and 2018 will be the year where it will start bearing fruit. Currently they are working in South Korea imagine what ICON’S true value will be once they start rolling out in the rest of the world.
Current Market:
At the time of writing this review
Current Price: $4.38
ATH: $12.57
Market Cap: $1.6 Billion
Verdict:
Undervalued
At least 10X end of 2018
For more reviews visit my website http://www.cryptoguy.io
This is my research their might be some discrepancies. Kindly do your own research before investing in Crypto.