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Crypto exchange Binance joins Kakao’s Klaytn Governance Council

Binance KlaytnCryptocurrency exchange Binance has joined South Korean Internet giant Kakao’s Klaytn Governance Council to participate in the platform’s blockchain operation. Klaytn is the blockchain project led by Kakao.

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

They also 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, according to a statement.

“We are excited to welcome the world’s leading exchange Binance to our Governance Council,” said Jason Han, CEO of 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,” he added.

Klaytn partners with major organizations and businesses in various industry domains as part of its Governance Council program, jointly running its distributed network under public governance to bring user-friendly blockchain services to millions.

“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,” said Wei Zhou, Binance CFO.

“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,” Zhou said.

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