PARAMETA Corporation

PARAMETA (formerly ICONLOOP) is South Korea's leading blockchain technology company, founded in 2016 with a mission to enable the world's transformation from Web2 to Web3. The company is renowned for developing Loopchain, Korea's first and only proprietary blockchain core engine, which has been deployed in major enterprise and government blockchain projects across Asia.

Core Products and Technologies

PARAMETA's technology stack spans the full blockchain development spectrum, from infrastructure to application layers. Their flagship Loopchain engine powers major blockchain networks including ICON (a global Layer 1 interchain project), LINE's blockchain platform (serving 200 million users), and Seoul's citywide blockchain infrastructure. The company has developed three core proprietary technologies: Loopchain (blockchain core engine with 3,000 TPS throughput), MyID (Korea's first W3C-registered DID platform with 3 million verified users), and BTP (Blockchain Transmission Protocol for trustless interchain connectivity).

Platform Services and Solutions

The company offers a comprehensive Web3 enablement platform called "Parameta Service" (PaaS), which includes four main service lines: Parameta W (Wallet-as-a-Service with custody-based key management and DID integration), Parameta N (NFT-as-a-Service covering minting, distribution, and marketplace operations), Parameta S (STO platform for real-world asset tokenization with regulatory compliance), and Parameta T (Token Management Service with interchain token issuance via BTP). All services are API-based, allowing enterprises to integrate Web3 capabilities without building custom infrastructure.

Key Strengths and Differentiators

PARAMETA holds unique advantages in the Asian blockchain market. They are the first Korean company to register a DID method with W3C and the first to deploy DID technology in financial services (recognized by Korea's Financial Services Commission as an Innovation Financial Service). The company has secured over KRW 25 billion (~$19 million USD) in funding and employs a team where 70% are R&D specialists. Their Loopchain platform has achieved GS Grade 1 certification (highest software quality rating in Korea) and won the Ministry of Science and ICT Minister's Award. PARAMETA operates the MyID Alliance with 86 institutional partners, creating Korea's largest DID ecosystem.

Notable Clients and Partnerships

The company's client portfolio includes government agencies (Seoul Metropolitan Government, Korea Election Commission, Gangwon Province), major financial institutions (Kyobo Life Insurance, Korea Financial Investment Association with 26 securities firms), technology giants (LINE Corporation, POSCO), and blockchain ecosystems (ICON Foundation, HAVAH). Their MyID DID platform serves over 3 million users across public and private sectors. PARAMETA has also deployed blockchain solutions for specialized use cases including used car history management, youth subsidy distribution, and blockchain-based voting systems.

Why Choose PARAMETA

PARAMETA stands out as a proven enterprise blockchain partner with production deployments, regulatory approval track record, and full-stack technical capabilities. Their solutions are designed for easy integration (API-first architecture), rapid deployment (Web3 features can be added in as little as one day), and regulatory compliance (approved by Korean financial and ICT regulators). The company provides comprehensive support including technical consulting, tokenomics design, governance implementation, and marketing strategy. With verified performance in government and enterprise environments, PARAMETA offers a low-risk path for organizations seeking to adopt blockchain and Web3 technologies.