Kakao’s Klaytn to Welcome Binance to its Global Blockchain Council

Binance, the world’s largest cryptocurrency exchange, and global blockchain ecosystem, is going to participate in the Klaytn Governance Council and consensus node operation.

Developed by Ground X, Kakao’s blockchain arm, Klaytn is a public blockchain platform (of South Korea), whose mainnet launched in June 2019.

Today, it has been announced by Klaytn, the leading blockchain project led by Kakao, 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.

By undertaking the Klaytn platform ownership, the Council members function as key decision-makers for Klaytns business and technical developments, including the consensus node network operation dedicated to advancing blockchain utility.

CZ, CEO of Binance, has tweeted:

.@binance is here to help blockchain adoption for individuals as well as small and big companies. Enter big corporations! There are a lot of them in the pipeline. A new phase begins. — CZ Binance (@cz_binance) October 22, 2019
Binance Klaytn

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.

Jason Han, the CEO of Ground X, stated:

“We are excited to welcome the world’s leading exchange Binance to our Governance Council.” Jason Han

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.” Jason Han

Kakao’s Klaytn Welcomes #Binance to its Global Blockchain Council "We are excited to work with other key partners like LG Electronics & Kakao, who are the most innovative companies in Asia, to foster growth in the blockchain ecosystem." – @weizhouBinance — Binance (@binance) October 22, 2019

Wei Zhou, CFO of Binance | Image Source: Money 20/20

Likewise, Wei Zhou, the CFO of Binance, said:

“Ground X and it’s 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.” Wei Zhou

He added:

“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 in Asia, to foster the growth of the global blockchain ecosystem in this joint and open effort.” Wei Zhou

However, Klaytn believes that the contributors who build and grow the platform with their interests arranged with the platform’s long-term development are the most qualified entities to undertake Klaytn governance.

Klaytn has recently tweeted:

We are happy to welcome @binance to our #GovernanceCouncil! — Klaytn (@klaytn_official) October 22, 2019

Thus, Klaytn is also partnering with promising blockchain projects with massive global user bases. 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.


Source: This news has been sourced from Official Binance Blog with additional feeds from CryptoNewsPoint.


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