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ICONLOOP, our ecosystem partner, today announced a partnership with Shinhan Bank, Korea’s second-largest commercial bank, to issue KYC compliance certificates through its mobile app Zzeung (MyID), which uses ICONLOOP’s blockchain-based decentralized identity (DID) technology. Once issued, the KYC compliance certificate can be used to open accounts with financial institutions and services, bypassing redundant KYC compliance processes. This case is the first commercialization of DID service for the financial sector in Korea. This is the second major integration of Zzueng (MyID) since launching just a week ago. ICONLOOP recently announced a partnership with Jeju Island to utilize Zzeung for COVID-19 tracing. Jeju Island is the leading tourist destination for Korea with over 15 million annual visitors. Press release below: www.globenewswire.com/news-release/2020/08/26/2083986/0/en/ICONLOOP-and-Shinhan-Bank-Launch-First-Blockchain-based-Financial-KYC-Compliance-Certification-Service-in-South-Korea.html