Kakao’s Klaytn Welcomes Binance to its Global Blockchain Council

Klaytn, the leading blockchain project led by the South Korean Internet giant Kakao, announced that Binance has joined the Klaytn Governance Council to partake in the platform’s blockchain operation to further developments in bringing mass blockchain adoption globally.

Undertaking the Klaytn platform ownership, the Council members function as key decision-makers for Klaytn’s business and technical developments, including the consensus node network operation dedicated to advancing blockchain utility. Additionally, they work towards developing Klaytn-based applications and implementing its technology to their existing services. Binance joins the Klaytn Governance Council along with 24 enterprises such as LG Electronics, Union Bank of the Philippines, Celltrion, and recently joined, AhnLab and Yeahmobi.

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“We are excited to welcome the world’s leading exchange Binance to our Governance Council,” said Jason Han, the CEO of Ground X, who heads the development of the Klaytn platform. He added, “We look forward to further strengthening the Governance Council as we continue to invite leading companies in various industry domains to join, and together with our Council members, we will work towards driving mainstream adoption of blockchain.”

“Ground X and its public blockchain project Klaytn share a mutual vision with Binance in fostering and stimulating sustainable growth in the industry and to bring meaningful use cases,” said Wei Zhou, Binance CFO. “We are excited to join the Klaytn Governance Council and to work with other key partners like LG Electronics and Kakao, who are the most innovative companies Asia, to foster the growth of the global blockchain ecosystem in this joint and open effort.”

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Dedicated to building readily usable blockchain-powered services, Klaytn is also partnering with promising blockchain projects with massive global user base. To this date, Klaytn has partnered with a total of 47 service partners, in various industry domains. More than a dozen of its partners have already launched blockchain services, while others are set to open later this year. For more information on becoming Klaytn’s partners or Governance Council

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