Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Maker Foundation Joins Klaytn Governance Council

Klaytn, the leading blockchain project spearheaded by the South Korean Internet giant Kakao, announced that the Maker Foundation, the organization bootstrapping the Ethereum-based MakerDAO project, has joined the Governance Council of the Klaytn public blockchain.

Klaytn is run by a shared governance consortium, which functions as the decision-making body for the Klaytn ecosystem. The consortium consists of some of the largest multinational businesses in various industry sectors, including LG Electronics, Binance, Celltrion, Union Bank of the Philippines, and others. The Maker Foundation is the 32nd member to sit on the Council.

Recommended AI News: Tallo And JobZology Partner To Connect Talent With Education And Career Opportunities Filled With Purpose, Passion And Meaning

In August, the Maker Foundation helped ‘Ozys,’ a Korean blockchain tech company that is also part of the Governance Council, launch ‘EveryDAI,’ which connects MakerDAO’s stablecoin Dai and Klaytn’s KLAY by allowing Dai to be transferred to Klaytn as ‘K-DAI,’ and vice versa.

Related Posts
1 of 40,122

The Maker Foundation’s admission to the Council will lead to closer cooperation between Klaytn and the Foundation. Together with other Council members, the Maker Foundation will operate within the consensus node network and undertake its share of platform ownership. The Maker Foundation and Klaytn also plan to develop use cases of K-DAI among the Klaytn community through joint research, as well as build infrastructure for various digital assets to be transferred across multiple chains.

Recommended AI News: Columbia Business School Launches New Open Online Course Exploring The Business Of Entertainment

“We are excited for Maker Foundation to collaborate with other Council members for providing a stable foundation for the Klaytn ecosystem,” said Jason Han, the CEO of Ground X, heading the development of Klaytn. “We will also improve the interoperability between Klaytn and Ethereum and build many use cases of digital assets that can seamlessly flow across two chains.”

“Joining the Klaytn Governance Council allows us to work with many high-profile organizations and offers a huge opportunity to bring Dai and DeFi to a much wider audience,” says Rune Christensen, Maker Foundation CEO.

Recommended AI News: Connect With Yardi At APTvirtual Powered By NAA

1 Comment
  1. Copper scrap traceability says

    Scrap Copper sorting Copper scrap packaging and labeling Scrap metal recovery and recycling center
    Reception of Copper cable scrap, Scrap metal industry certifications, Copper oxide recycling

Leave A Reply

Your email address will not be published.