PARAMETA Earns TI-1, the Top Technology Credit Rating, in Recognition of Best-in-Class Technology and Growth Potential
September 5, 2023, Seoul — Web3 Enabler PARAMETA (formerly ICONLOOP, CEO JH Kim) announced that it has demonstrated its distinctive technology by earning a TI-1 rating, the highest technology grade, in the Technology Credit Bureau (TCB) assessment conducted by technology credit rating agency NICE Information Service.
Technology credit assessment analyzes and comprehensively evaluates a range of factors across four categories — technology, market, business viability, and management capability — and reflects the results in a rating, classified across ten grades from TI-1 to TI-10. The TI-1 investment technology grade PARAMETA earned is the highest grade the system certifies, indicating best-in-class future growth potential built on outstanding technology and a market with strong growth potential.
Since its founding in May 2016, PARAMETA has successfully applied technologies developed in-house on the basis of its proprietary blockchain work — including the blockchain core engine loopchain and the decentralized identity verification platform MyID, built on DID (Decentralized Identifier) — across numerous associations, public institutions, and companies in a wide range of industries. Alongside operating its own blockchain mainnet, it has secured the capability to build a dApp ecosystem, providing SDKs and API services that let dApp services make ready use of interchain — cementing its position as a first-generation blockchain technology company.
PARAMETA is currently focused on a business model that supports specialist Web3 transformation, built on advanced blockchain and Web3 technology together with optimized platforms, solutions, and services. Its business centers largely on the PARAMETA Framework, which builds Web3 platforms, and PARAMETA Service, which supports Web3 transition in SaaS (Software as a Service) form. The company is also actively entering new markets, including efforts to combine blockchain with AI.
Alongside recognition for excellence in technology, market, and business viability, PARAMETA also scored highly on the expertise and capability of its management team, ultimately earning TI-1, the top investment technology grade.
"Earning the TI-1 grade is, I believe, the fruit of PARAMETA's efforts since its founding to continuously develop blockchain and Web3 technology and lead innovation by applying it across industry," said PARAMETA CEO JH Kim. "We will press forward relentlessly so that we can realize both the development of a blockchain industry with strong growth potential and PARAMETA's own growth."
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