With the launch of Kakao’s Klaytn Mainnet, its partners will be on-boarding Klaytn. But the term onboarding is very strange. This is because it is not a word that has often appeared in blockchain industries.
Investors also expect great things to happen about on-boarding. They expect the service to change and at least something to change. But to begin with, nothing changes. It just turns the basis of the token into an on-boarding main net.
The on-boarding mainnet in the blockchain world
On-boarding came from the English word “On board.” On-board refers to ‘boarding’ an airplane or a car. The company uses on-boarding as a means to “help those newly joined in the organization learn and adapt to the organizational culture quickly.” In other words, it is on-boarding to help a new person get on board a plane called our organization.
On-boarding in the blockchain is similar. If a mainnet is called an airplane, other projects on that mainnet are ‘passenger Passengers do not change when you board an airplane. It’s just one passenger on the plane.
Blockchain doesn’t change anything just because it’s on-boarding another mainnet. If Klaytn is on board, the existing Etherium-based token will be changed to Klaytn-based tokens. And the service will be provided using Klaytn Network instead of Etherium Network. In other words, it’s just transferring from Etherium to Klaytn.
Klaytn Mainnet has collected many companies on-board its project. Starting with South Korean companies such as LG U+ and Kakao Corp. subsidiaries, it has added more international companies.
The latest ones were YeaMobi from Hong Kong which joined Klaytn Governance Council together with AhnLab. The world’s biggest cryptocurrency exchange, Binance is also joining the government council, raising many anticipations from international traders.
Meanwhile, Klaytn made its first listing of its KLAY token in Upbit Indonesia last month. It plans on making other listings in Singapore and Korean Upbit.
