The Binance cryptocurrency exchange has become a member of the board of directors of the Klaytn project, which includes 24 organizations,including three LG subsidiaries and three Kakao-related entities, as well as the Philippine Union Bank.
According to Binance representatives, the councilDirectors make key technical and business decisions for the network and participate in the development of blockchain applications. Klaytn is managed by Ground X, a subsidiary of the Kakao messaging application.
Binance CFO Wei Zhou said:
Ground X and its publicly accessible blockchain project, Klaytn, share with Binance a shared vision and goals to stimulate industry growth and provide diverse use cases.
Let us remind you that the South Korean company Samsung recently launched a blockchain version of its flagship smartphone Note 10, which will run on the Klay blockchain.
Based on materialswww.coindesk.com
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