Klaytn, the leading South Korean blockchain company announced that Binance, the cryptocurrency exchange, has joined its Governance Council. Binance joins Kakao’s Klaytn on its Global Blockchain Council.

The firms have joined hands to serve the larger mission of advancing blockchain and freedom from money.

The company also plans to work on the development and implementation of Klaytn-based applications to their existing services.

Along with Binance, 24 other companies have joined the Klaytn Governance Council. Some of them are: 

  • LG Electronics
  • Union Bank of the Philippines
  • Celltrion
  • AhnLab
  • Yeahmobi

Wei Zhou, the CFO of Binance said:

Ground X and it’s public blockchain project Klaytn share a mutual vision with Binance in fostering and stimulating sustainable growth in the industry and to bring meaningful use cases. We are excited to join the Klaytn Governance Council and to work with other key partners like LG Electronics and Kakao, who are the most innovative companies, Asia, to foster the growth of the global blockchain ecosystem in this joint and open effort.”

Klaytn has collaborated in various industries with a total of 47 service partners.

Dozen of their partners have already introduced blockchain services, while others are planning to launch by the end of this year.

With users from more than 200 countries and regions, the Binance Exchange is the worldwide lead in trading volume for a crypto-currency exchange.

Klaytn is a public blockchain platform developed by the leading South Korean Internet company’s blockchain subsidiary, Ground X, Kakao.

Earlier this year, the firm network received almost $300 million in two separate Initial Coin Offerings (ICO).

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