Klaytn, a blockchain project led by the South Korean Internet platform Kakao, announced on Tuesday cryptocurrency exchange Huobi is joining the Klaytn Governance Council. With Huobi onboard, the Klaytn Governance Council currently has 28 enterprises, which includes LG Electronics, Union Bank of the Philippines, and Celltrion.
Klaytn, which was developed by Kakao’s blockchain unit, Ground X, is a public blockchain platform whose mainnet launched in June last year. The platform notably partners with major firms and businesses as part of its Governance Council program to together run its distributed network under one shared governance.
“Undertaking the Klaytn platform ownership, the Council members function as key decision makers for Klaytn’s business and technical agenda, including the consensus node network operation.”
Speaking about Huobi joining the Council, Sangmin Seo, the Head of Platform Group at Ground X, stated:
“We believe that the contributors who run the platform with their interests aligned with the platform’s long-term development plans are the most qualified to undertake the Klaytn governance. We are excited for Huobi to work with other Council members to jointly run and govern the Klaytn platform, as well as create use cases that can foster the development of the global blockchain ecosystem.”
Ciara Sun, the Vice President of Global Business at Huobi Group, went on to add:
“The new partnership advances Huobi’s mission to make blockchain technology more accessible to users across the globe. We are looking forward to working closely with other Council members to accelerate the growth of the whole blockchain ecosystem.”
Established in 2013, Huobi is operating as a global blockchain and digital assets business. The platform provides a secure and convenient trading platform and digital asset management services for millions of users across more than 130 countries.