February 13, 2020 – Cryptocurrency Exchange Huobi announced its participation to Klayton’s Governance Council. Huobi will be part of the group that will further the development of Klaytn blockchain to bring mass adoption to the global audience. Klaytn is a global public blockchain platform developed by Ground X, the blockchain subsidiary of South Korean Internet Company, Kakao.
Members of the Klaytn Governance Council are the decision workers that work towards the development and implementation of Klaytn-based applications. They take ownership of the consensus node network operation dedicated to advancing blockchain utility. Members of the governance council include gumi Cryptos, UnionBank of the Philippines, KakaoPay, GroundX, and LG International.
Ground X Head of Platform Group said in a statement:
We are pleased to have a world-renown exchange Huobi as an addition to our Governance Council. 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.
Huobi intends to develop an industry-wide blockchain-powered ecosystem. They want to achieve this by partnering with promising blockchain projects such as Klaytnm which has a largely diverse user base and 47 key service partners.
In a statement, Vice President of Global Business at Huobi Group Ciara Sun said both Klaytn and Huobi shared the same mutual vision of strengthening blockchain security and bringing applicable use cases. “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,” she said further.
This article is published on BitPinas: Huobi to Join Kakao’s Klaytn Blockchain Council