Conflux Network integrates with South Korean blockchain ICON

Conflux Network, a state-endorsed public, permissionless blockchain project out of China, today has announced a strategic technical partnership of its cross-chain protocol with ICON Foundation, the catalyst of the largest blockchain network in South Korea powering numerous decentralized applications run by enterprises, government, and financial institutions. Through leveraging one another’s interoperability technology – Conflux’s Shutteflow and ICON’s Blockchain Transmission Protocol – the partnership enables increased growth potential for Conflux and ICON, as development on one network can bring volume and transactions to the other.

In a similar fashion, ICON will leverage Conflux’s cross-chain asset protocol, ShuttleFlow, to connect Conflux Network’s growing decentralized finance (DeFi) space with ICON’s ecosystem. By leveraging one another’s cross-chain protocols, industry clients, developer, and user communities, and national support entities, Conflux Network and ICON can continue to foster a connected, global ecosystem in which blockchain technology is interoperable throughout endless industry applications and growing networks.

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