Huobi to Join Kakao’s Klaytn Global Blockchain Governance Council

Huobi Global announced on Tuesday that it has joined the Governance Council of the multinational public blockchain project Klaytn. The Klaytn project is lead by the South Korea based global Internet behemoth Kakao, and the governance council includes some of the biggest names like LG Electronics, Union Bank of the Philippines, Celltrion, and Yeahmobi.

In an official blog post, the leading crypto trading platform said that it will work with Klaytn to facilitate the mass adoption of blockchain to a global audience. Ciara Sun, Vice President of Global Business at Huobi Group said,

“Klaytn shares a mutual vision with Huobi in strengthening blockchain security and to bring 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.”

As per the blog post, the Governance Council members run the project network under “public governance”, that aims to make blockchain solutions accessible to millions of users across the globe. They function as the primary decision-makers for the Klaytn’s major business developments. Commenting on the development, Head of Platform Group at Ground X, Sangmin Seo said,

“We are pleased to have a world-renowned 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.”

Global blockchain adoption has been in the “coming soon” mode for a fairly long time, almost frustrating the enthusiasts in the journey. Experts have been voicing their opinion that a consolidated effort from the industry is necessary to make blockchain at every doorstep. Therefore, projects like Klaytn hold immense value for the future of the crypto-blockchain industry.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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