Introducing Klaytn Governance Council

Klaytn believes that the contributors who build and grow the platform with their interests aligned with the platform’s long-term development are the most qualified entities to undertake Klaytn governance.

Committed to generating long-term growth of Klaytn, Klaytn Governance Council is an alliance of multinational businesses and organizations, responsible for platform governance, consensus node operation, and ecosystem growth. The Council consists of 23 global top-tier companies that have successfully produced massive user-based popular services in various industry domains including IT, telecommunications, content, game, and finance.

They are also key business units of some of Asia’s largest conglomerates. Considering the region’s booming market with its strong drive towards blockchain implementation for new business models and the wider audience eager to embrace new technologies, the assembled alliance is expected to usher in a new era of blockchain through Klaytn. The geographic proximity among the participating Council members centered around Asia allows greater cross-border synergies and blockchain-based joint enterprises to occur among differing industries beyond the platform co-operation.
As key decision makers for business and technical agenda, the Council members are responsible for operating the consensus node network. Undertaking the Klaytn platform ownership, Klaytn Governance Council also works towards developing blockchain services to be operated on Klaytn and accelerating user acquisition at a great scale for the wider audience to experience blockchain-powered services.

The participating Council members include ‘LG Electronics,’ ‘LG Uplus,’ ‘LG International’ along with ‘Celltrion,’ one of the largest biopharmaceutical companies in Asia with $2.5 billion market value. Other notable members are ‘Netmarble,’ the no. 1 game developer and publisher in Korea; ‘Wemade,’ the popular game developer company with its diverse portfolio of IP’s, most notably the ‘Legend of Mir’ with over 500 million users; ‘Pearl Abyss’; the developer of MMORPG ‘Black Desert,’ the globally famous game around 150 countries; ‘PUBG,’the no. 1 paid game company in the world, boasting its famous ‘PlayerUnknown’s Battlegrounds’; ‘Neoply,’ the investment arm of ‘Neowiz,’ one of the largest gaming companies in Korea; ‘FSN,’ the IT development company that incubated Six Network, providing financial services and digital asset wallet in Thailand; ‘Kakao,’ the no. 1 mobile platform in Korea, together with its subsidiaries including ‘Kakao Pay,’ ‘Kakao Page,’ ‘Kakao Games,’ and ‘Kakao IX.’
Further, ‘Union Bank of the Philippines (UnionBank),’ one of the largest banks in the Philippines, along with ‘Axiata Digital and Axiata Digital Service Indonesia’ the digital services arm of the largest telecommunications conglomerate in Southeast Asia, ‘Axiata Group,’ and ‘HashKey,’ the strategic partner of China’s ‘Wanxiang Blockchain Labs’ and the Hong Kong-based fintech group are also joining Klaytn. Further, ‘Everrich,’ the real estate developer heavily focused in Southeast Asia; ‘Hi Inc.,’ the Hong Kong-based unicorn company engaged in global travel and lifestyle business providing services to hotels; ‘Cocone,’ the leading social network digital content company from Japan; and ‘gumi Inc.,’ the leading global mobile game publisher and developer headquartered in Japan, are also part of Klaytn Governance Council.
As the Klaytn platform and its ecosystem continue to expand at an advanced speed, Klaytn plans to invite competent service providers to become the potential members of the Council. The candidates will be reviewed through Klaytn Governance Process.

For more information, visit our website at www.klaytn.com.

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[About Klaytn]

Klaytn is a public blockchain platform of the leading South Korean mobile platform, Kakao. Dedicated to validating the value and utility of blockchain technology by providing a blockchain service for mass adoption, Klaytn provides an easy development environment and friendly user experience. Klaytn seeks to continue advancing the platform to offer blockchain services for millions of users.

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