Binance has joined the governance council of Klaytn, a public blockchain platform of the leading South Korean internet company, Kakao. As a council member, Binance will operate Klaytn consensus node as well as participate along with the other 24 members in key decisions related to the technical or economic update of the platform.

Klaytn Governance Council is an alliance of multinational businesses and organizations. Binance is the first blockchain company to join the Klaytn Governance Council among 25 leading enterprises, including LG Electronics, UnionBank of the Philippines, Celltrion, and more.

Binance joins Klaytn Governance Council among 25 leading enterprises, including LG Electronics, UnionBank of the Philippines, Celltrion, and recently joined, AhnLab and Yeahmobi.

NOTE: Ground X is the blockchain subsidiary of Kakao, South Korea’s largest internet company.

Ground X CEO, Jason Han said the firm will continue to strengthen the Klaytn’s governance council by continuing to invite leading companies from various industry domains to join and work together towards driving mainstream adoption of blockchain.

“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,” said Wei Zhou, Binance CFO.

Currently, Klaytn ecosystem has 50+ service partners and a good lineup of decentralized applications been built on it. Recently, Samsung added support for Klaytn blockchain native token ‘Klay’ to its Keystore cryptocurrency wallet and also launched a Galaxy Note 10 variant Klaytn blockchain-friendly phone named KlaytnPhone.

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