WHAT is ICON
BIABlockchain Interoperability Alliance
In December of 2017, ‘BIA(Blockchain Interoperability Alliance)’ which functions as a linkage between independent blockchain networks has been formed.
ICON, AION, and Wanchain, as the leading parties in this alliance, have collaborated their efforts and have shared their research for a common goal of developing inter-operational standards for interchain network and protocol architectures.
The true potential of decentralized system lies in the fact that it can be infinitely expanded once the problems regarding scalability and inter-communication between blockchains are resolved.
Ability to improve performance and scalability
Build application-specific networks that can communicate with other blockchains
Bridge public and private blockchain ecosystems
Develop common industry standards and protocol architecture
Build global standard for interchain networks