The Saramin News

Welcome to this week’s edition of the RHIZOME Wire!

More bullish news

This week — just as ICONists began to wonder if the good news had stalled out — we were greeted with some (somewhat) unexpected news:

This news wasn’t completely out of the blue; earlier this year, the ICON Foundation announced an MOU between ICONLOOP and Saramin:

Today, our technology and ecosystem expansion partner, ICONLOOP, signed an MoU with Saramin HR, which operates the job placement platform and search engine Saramin (www.saramin.co.kr), to collaborate in building a blockchain-based digital ID and authentication ecosystem. Saramin HR is Korea’s leading job placement platform, similar to Indeed.com.

This was certainly welcome news at the time; however, due to the fact it was only an MOU announcement (of which we’ve seen many), it didn’t generate a whole lot of buzz.

However, the news that Saramin was ready to integrate ICONLOOP’s technology (and ICX) came fairly recently since the MOU (although the news release indicated this would be a gradual rollout, running up through December).

While the news on the surface is immediately and clearly bullish — Saramin has 3.8 million monthly active users — there’s another reason why I find this news particularly encouraging. First, let’s look at just how exactly Saramin will be utilizing ICONLOOP/ICON’s technology:

First, the Final Candidate Report Forgery Prevention feature enhances the security and transparency of job qualification exams and interview scores. After a candidate takes a job qualification exam and completes interviews, all scores are immediately and permanently recorded on a public blockchain network. 

Second, the Certificate Forgery Prevention feature first requires all applicants to download and use ICONLOOP’s Zzeung (www.zzeung.id) mobile application to verify their identity. Then, the applicants can upload and link all their official certificates such as college diplomas and transcripts to their identity by using ICONLOOP’s digital certificate app called BROOF (www.broof.io). Through this process, the credibility of the applicants’ certificates are improved. In addition, applicants can conveniently submit verified certificates to various companies with only a few clicks. The blockchain technology that powers both of these applications ensures applicants’ privacy and security while providing the benefits of transparency and credibility to companies. 

Lastly, the Offline Test Attendance Verification feature ensures no cheating is happening on physical test sites. Applicants are required to use ICONLOOP’s VisitMe (www.visitme.app) mobile application to check in to offline test sites, which uses QR codes for a quick and convenient process. 

This is essentially the “triple threat” of ICONLOOP’s technology: Zzeung, Broof, and VisitMe are all being utilized in one ecosystem where each adds additional value to the other, maximizing the value added to the ecosystem as a whole.

In a certain way, this is sort of a microcosm of the macro “interoperability” that the ICON project has promised from the start; the three applications are able to interact with each other to provide added value to the network as a whole (Zzeung not being able to “talk to” broof would significant limit the utility of both applications in this context).

This model — of utilizing a suite of ICONLOOP services (and the ICON public chain) — could be a model that other businesses may wish to replicate, now they they know that can be utilized between one another. Loosely defined, the elements that Saramin is utilizing blockchain for are basically:

  • Securely documenting paperwork

  • Verifying identity

  • Managing and verifying certification(s)

  • Location-based verification

Can you imagine any businesses that utilize any of the above 4? Probably about a thousand.

So not only will Saramin users themselves be utilizing elements of the ICON network (and thus require ICX), but what Saramin is doing is a fairly straightforward model for the vast majority of businesses operating in Korea (or the world!).


News from ICON World

ICONbet V2 is released

Among the other changes, the new game DAOlevels was created by RHIZOME team member Andrew Burns. If you haven’t tried it out yet, be sure to try it!


ICON Weekly #6 – DeFi on ICON vs. DeFi on Ethereum

If you didn’t catch the “surprise”, be sure to be on the lookout in next week’s ICON Weekly.


ICONLOOP signed a MOU with Initech


Project Nebula (NFT) is near launch


100 Paul Bassett coffee shops will use COVID-19 contact tracing through VisitMe


Blockchain Industry News

Square Forms Group to Stop Patent Hoarding From Stifling Crypto Innovation - CoinDesk

  • Square said Thursday it has launched what it calls the Cryptocurrency Open Patent Alliance (COPA), a non-profit that wants to stop companies from locking up useful technologies in patents, a practice Square says hamstrings innovation.


Binance puts up $100 million to attract DeFi projects to its new blockchain - The Block

"For developers who want to develop projects on Binance Smart Chain, we are launching the a $100 million fund  to seed different projects," Binance CEO Changpeng Zhao said during a Thursday livestream. Zhao added that the initiative builds on existing sources of funding for developers.


yearn.finance (YFI) is launching on Coinbase Pro - Coinbase

On Monday, September 14, we will begin accepting inbound transfers of YFI to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Tuesday September 15, if liquidity conditions are met.


USDC Stablecoin Supply Is up 250% in 2020. Here's Why - Decrypt

Third, as it’s supported by and easily obtained on Coinbase, USDC is also likely the first stablecoin asset to which many new crypto users are exposed, and it remains a prominently displayed option for more experienced Coinbase users seeking to move from cryptocurrencies with more volatile prices into the dollar-pegged stable assets.