Huobi is the next big name that decided to be a part of the Klaytn Governance Council – the Kakao-developed blockchain project, with its distributed network operating with the joint governance supervision.
Specifically, the project is an effort to support numerous digital heavyweights of the world, nominally Binance, LG Electronics and Kakao – parent firm of Klaytn.
“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.” Sangmin Seo of council-member Ground X shared his remarks regarding the move from Huobi.
Kakao has widely released Klaytn – a platform dedicated to offer a user-friendly blockchain experience to its clients – in June last year. The platform utilized a wide array of public and private blockchains, and produced a hybrid product as its end result.
The Council – whose members also include KakaoIX and Kakaopage – is in charge of finalizing decisions for technical upgrades, spending resolutions and funding policy, ultimately looks to support companies that offer Blockchain Applications (BApps).
“The new partnership advances Huobi’s mission to make blockchain technology more accessible to users across the globe. The new partnership advances Huobi’s mission to make blockchain technology more accessible to users across the globe.” Huobi’s Ciara Sun, vice president of global business, shared concerning the new develoment.