ICON is hoping its blockchain ecosystem will be strengthened in Japan and globally as it has entered into a strategic partnership with LayerX.
The Japanese blockchain consulting firm will help ICON in expanding its footprint in Japan with the aim of vitalizing ICON’s developer community in the country.
The two partners also plan to co-host hackathons, conferences, and demo days to boost the adoption of SCORE which is ICON’s smart contract implementation environment.
Reaching Out to the ICON Japanese Community
ICON signed a MoU (memorandum of understanding) for a strategic partnership with LayerX.
According to ICON:
“This MOU aims to vitalize the ICON developer community in Japan as well as ensure the integrity of the ICON Network through a code audit alliance.”
ICON is also planning on accelerating the expansion of global communities within and outside of Japan.
LayerX, as a partner of the ICX Station, will help in improving the security of the blockchain by providing code audit for ICON dApps and the ICON platform.
Why Is the Partnership Important?
The ICX Station is a global accelerator program that is currently operating in big cities around the world, including Singapore, Seoul and San Francisco.
ICON seeks to develop partnerships to help strengthen this program.
In May this year, it partnered with Line Plus to create “Unchain” which “has been working to create synergies in structuring Line’s blockchain Mainnet and DApp services.”
The LayerX partnership will create further inroads for ICON in Japan.
AnyPay and Gunosy founded the leading Japanese blockchain company in August this year which provides consulting, smart contract audit and R&D services amongst others.
LayerX CEO Yoshinori Fukushima commented on the partnership, saying:
“ICON’s core engine, ‘loop chain,’ has been used to develop a blockchain authentication system, and is already adopted by major securities firms and insurance industry. We expect it to be utilized in Japan as well, and we will support ICON’s activities in Japan on the technical front.”
ICON Foundation council member JH Kim also lauded the partnership with LayerX, saying:
“Through our partnership with LayerX, we expect various ICON DApp services to further expand their global presence based on the linkage between public blockchain and enterprise blockchain in the future.”