Binance Joins the Governance Council for Kakao’s Blockchain ‘Klaytn’


Binance, the world’s largest crypto exchange, has become the latest organization to join the Governance Council for Klaytn (KLAY), the blockchain platform created by South Korean internet giant Kakao.

According to the announcement, Binance joins 24 other companies, including LG, Union Bank of the Philippines and Celltrion, as a key decision-maker for Klaytn’s business and technical developments, including the consensus node network operation dedicated to advancing blockchain utility.

The Klaytn ecosystem (Klaytn)

“We are excited to welcome the world‚Äôs leading exchange Binance to our Governance Council,” said Jason Han, the CEO of Kakao’s blockchain arm Ground X, who heads the development of the Klaytn platform. “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.”

Binance CFO Wei Zhou added, “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. 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.”

Klaytn has been working to build out its ecosystem since its mainnet launch in July and has already partnered with a total of 47 service partners across various industry domains.

More: Kakao’s Klaytn Welcomes Binance to its Global Blockchain Council

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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