Kakao GroundX made an announcement on the 10th that it has added “Huobi,” a global cryptocurrency exchange, to the Klaytn Governance Council. The council jointly operates the blockchain platform Klaytn.
The Governance Council, unveiled simultaneously with Klaytn Mainnet in June last year, consists of 28 global companies representing each industry. Including IT, communications, content, games and finance.
It has set up governance counters mainly for Asian hub companies. Considering that it leads the blockchain industry in Asia. Including South Korea, China, Japan and Singapore, and that the public is highly receptive to new technologies. Along with major Korean companies such as LG Electronics, SK Networks, and Celltrion, the world’s largest bourse operator, Binance, and the Philippines Union Bank are participating.
Klaytn Governance Council are responsible for major decisions on Klaytn’s technology, business, etc.. And for the operation of Klaytn’s Consensus Node. They also discuss the development of new Klaytn-based services beyond operating platforms. As well as discussing about applying blockchain technology to existing businesses.
What to expect from Klaytn and Huobi partnership
Huobi is a global cryptocurrency exchange that currently available in more than 130 countries. It has independent branches operating in Singapore, the United States, Japan, China and Hong Kong. Huobi Wallet has also joined the ecosystem partners that make up the Klaytn ecosystem. It is famous for its high level of safety as well as its simple functions.
“Based on Huobi’s experience in operating the Klaytn platform as well as operating the global user-based blockchain service, we expect it to contribute to expanding the Klaytn ecosystem,” said Seo Sang-min, head of the platform group.
“We are happy to join the Klaytn Governance Council, which are participated in by leading Asian companies,” said Shiara Sun, a senior aide to Huobi Group. “We will accelerate the expansion of the blockchain ecosystem by operating a stable Klaytn platform that can be the foundation of various blockchain services through collaboration with the members of the Canal Group.”
