PARAMETA Earns Top Technical Credit Rating of 'TI-1' Recognizes Top-Tier Technology and Growth Potential

 

September 5, 2023 – ‘Web3 Enabler’ PARAMETA Corp. (formerly ICONLOOP, CEO Jonghyup Kim) announced that it has achieved the highest technology level, ‘TI-1’, from NICE INFORMATION SERVICE’s TCB (Technology Credit Bureau), demonstrating its unrivaled technology capabilities.

TCB is an evaluation system that analyzes and comprehensively evaluates various factors in four categories, including technology, marketability, business, and management capabilities, and reflects the results in the rating, classifying them into 10 grades ranging from ‘TI-1’ to ‘TI-10’. PARAMETA’s investment technology rating of ‘TI-1’ is the highest level certified by the rating system, which means that the company has the highest potential for future growth based on its very good technology and a market with excellent growth potential.

Since its establishment in May 2016, PARAMETA has successfully applied its self-developed blockchain core engine ‘loopchain’ and decentralized identity authentication platform ‘MyID’ based on DID (Decentralized Identifier) to many associations, public institutions, and companies in various industries. In addition to owning a blockchain mainnet, PARAMETA has solidified its position as a first-generation blockchain technology company by securing the capability to build a dApp ecosystem by providing related SDK and API services so that dApp services can easily utilize the interchain.

Currently, PARAMETA is focusing on a business model that supports professional Web3 Transformation based on advanced blockchain and Web3 technologies and optimized platforms, solutions, and services. Its business is centered on the Parameta Framework, which builds Web3 platforms, and the Parameta Service, which supports Web3 transformation through SaaS (Software as a Service), and it is actively expanding into new markets such as promoting the combination of blockchain and AI technologies.

In addition to being recognized for its excellence in technology, marketability, and business viability, PARAMETA also received high scores in the areas of management expertise and management capabilities, ultimately earning the highest rating of ‘TI-1’ for investment technology.

"We believe that this ‘TI-1’ rating is the result of our efforts to continuously develop blockchain and Web3 technologies, apply them to various industries, and lead innovation since its establishment," said Jonghyup Kim, CEO of PARAMETA. "We will continue to strive to realize the development of the blockchain industry with excellent growth potential and PARAMETA’s own growth together."