ICON wants to build a hyper-connected world by building one of the largest decentralized blockchain networks. The development team is building a platform that will allow various blockchain networks to interact and connect with one another by way of smart contracts.
ICON’s ultimate goal is to create a decentralized network where stakeholders from different sectors including, finance, healthcare, education, security, and government and beyond care coexist and exchange on a single network. ICON does this by using its Loopchain platform, which connects an ecosystem of blockchain communities through the ICON Republic. The ICON Republic is an overseeing body that connects otherwise independent blockchains.