ICONLOOP 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.
The ITU is the United Nations’ oldest specialized agency, and is responsible for “issues that concern information and communication technologies.” Among other things, the ITU’s responsibilities include coordinating usage of radio spectrum and satellite orbits, as well as assisting in the development of global technical standards. As part of its Smart Incubator Programme, which aims to assist AI, blockchain, and IoT startups, the ITU has chosen ICONLOOP as its blockchain knowledge partner. Let that sink in for one moment. The ITU, which focuses on global technical standards in the information and communications realm has selected ICONLOOP as its blockchain knowledge partner. This collaboration is likely a direct result from ICONLOOP’s recruitment of Josh Choi, the ITU’s former Programme Lead, and it makes sense from a technological perspective as well. ICONLOOP is essentially the private implementation department of ICON, a public blockchain project that is all about interoperability and facilitating communication across blockchains.