Source. Crypto info.com
The ICON project is building one of the largest decentralized networks in the world, with a decentralized blockchain network focused on interoperability. With ICON’s “blockchain transmission protocol”, independent blockchains like Bitcoin and Ethereum can connect and transact with each other. This opens up cross-chain use cases that are impossible without an interoperability layer like ICON.
The ICON blockchain is powered by loopchain, a blockchain engine designed by ICONLOOP. ICONLOOP is responsible for loopchain's government and enterprise adoption in South Korea. Loopchain is the Seoul Metropolitan Government's standard blockchain platform.
The ICON Network is comprised of various institutions ranging from: financial institutions, insurance companies, hospitals, universities and more, and is supported by influential blockchain partners including global accelerators, cryptocurrency-focused venture capitalists, law firms, and blockchain media platforms