Crypto exchange Huobi joining Klaytn, a Korean blockchain operation

by Blocks99

7 months ago

An announcement of Huobi joining Klaytn has been released. Huobi will join the Governance Council of Klaytn, a leading blockchain project led by South Korean Internet giant Kakao.

With Huobi joining Kaytn, it will become one of the Council members who jointly run the Klaytn network under public governance. The project aims to bring accessible blockchain services to millions of users worldwide. The Council takes ownership of the consensus node network operation dedicated to advancing blockchain utility. Additionally, the members work towards developing and implementing the technology of Klaytn-based applications for their core existing services. In addition to Huobi, the Klaytn Governance Council consists of 27 enterprises including LG Electronics, Union Bank of the Philippines, Celltrion and Yeahmobi.

“We are pleased to have the world-renowned exchange Huobi as an addition to our Governance Council,” said Sangmin Seo, the Head of Platform Group at Ground X. He added, “We work with leading companies from various industry domains, and together, we will operate a stable and reliable blockchain platform that can serve as a foundation for many blockchain services to flourish.”

Mutual vision

“Klaytn shares a mutual vision with Huobi in strengthening blockchain security and to bring applicable use cases,” said Ciara Sun, Vice President of Global Business at Huobi Group. “We are excited to join the Klaytn Governance Council and to work with other key partners like Unibank and LG Electronics to enable traditional companies to utilize the global blockchain ecosystem.”

Huobi says it is dedicated to developing an industry-wide blockchain-powered ecosystem. It has partnered with promising blockchain projects such as Klaytn, which has a large and globally diverse user base. Klaytn has 47 service partners in various industry domains, of which over a dozen partners have already launched blockchain services.

(Source: PR Newswire)

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