Binance crypto exchange has joined Klaytn’s governing board, a public blockchain network launched by a Kakao subsidiary.
Binance is the first blockchain firm to join the board, Kakao announced in an official statement. The other 24 board members include companies such as LG Electronics and UnionBank in the Philippines. Board members work as key decision makers for business development and technical development of the Klaytn network. For example, they decide what the nodes in the network will be and are working on building Klaytn-based applications.
“Ground X and its public blockchain project Klaytn share a mutual vision with Binance in promoting and stimulating sustainable growth in the industry and to bring significant use cases,”
said Wei Zhou, CFO Binance.
“We are excited to join the Klaytn Governing Board and work with other key partners such as LG Electronics and Kakao, which are the most innovative companies in Asia, to help grow the global blockchain ecosystem in this joint and open endeavor.”
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