ICONLOOP, a blockchain-specialized tech company based in South Korea, announced today it has signed a collaboration arrangement with ITU (International Telecommunication Union), which is the United Nations’ specialized agency for information and communication technologies, to establish a high-level framework of cooperation in the area of the ITU Smart Incubator Programme with the aim of providing support and know-how on blockchain related technologies to the global start-up ecosystems.
ITU’s Smart Incubator Programme, launched in September 2018 was created to assist and support technology-oriented entrepreneurs and start-ups in the early development stages including but not limited to Artificial Intelligence (AI), Blockchain and Internet of Things (IoT). ICONLOOP, under this agreement, was selected as Knowledge Partner in blockchain of the ITU Smart Incubator Programme.
ICONLOOP plans to support the growth and expansion of start-up businesses throughout developing countries in Africa through pilot projects with a focus on 3 core pillars: technical know-how, business development, and outreach and networking. As part of the incubation programme, ICONLOOP will support these startups by offering access to its industry network to increase awareness and offer opportunities to secure investment through large blockchain events and marketing.
“Blockchain technology will be an important opportunity for international organizations, countries, and enterprises to solve various socio-economic challenges facing developing countries such as sustainable energy, agriculture, and financial accessibility.” He added that “ICONLOOP will promote not only cross-border business and technology cooperation for mass adoption of the blockchain, but also create social value by utilizing it.”