- Klaytn Governance Council, an alliance of multinational businesses and 
organizations, responsible for platform governance, consensus node operation, 
and ecosystem growth 
- Asia's large companies including LG Electronics, Celltrion, Netmarble, and 
Union Bank of the Philippines participate in the Council 
- Newly joined KLAY BApp Partners use Klaytn's token KLAY for service operation

Ground X, the blockchain subsidiary of the leading South Korean mobile 
platform, Kakao, launched the official Klaytn mainnet, in addition to 
announcing 'Governance Council' that together operates the platform.

https://photos.prnasia.com/prnh/20190627/2510415-1
Klaytn Mainnet

# Klaytn features new incentive mechanism and 8 new service partners to expand 
the ecosystem

Ground X launched Klaytn mainnet via the official Klaytn webpage at 
www.klaytn.com. Klaytn is committed to triggering the mass adoption of 
blockchain services as to substantiate the value and utility of blockchain 
technology. In doing so, Klaytn focuses on enhancing development environment 
and offering high performance and flexible scalability solutions for BApps 
(Blockchain Applications) with large traffic.

The Klaytn mainnet features fast response time on par with that of legacy web 
services, based on the actual feedback from the partners via the public testnet 
trial. Further, the stability of the mainnet platform has been verified based 
on the security testing of high-intensity with 4 different security companies, 
while the user experience has been improved based on blind testing for 
developers and users.

For Ground X, the business focus lies beyond simply building the mainnet 
platform. Its efforts towards building the ecosystem surrounding the Klaytn 
platform in order to provide blockchain experience for millions of users have 
successfully resulted in partnerships with 34 service providers with 
market-proven success in massive user-based service operation. Together with 
the Klaytn mainnet launch, the 9 blockchain projects including 'HintChain,' the 
blockchain-based food data marketplace, 'Antube,' a short-video entertainment 
service, and 'Pibble,' image-based SNS service, are to be successively released 
on Klaytn until the beginning of July.

Further, in order to encourage service providers to maintain a stable network, 
Klaytn features transparent evaluation and incentive mechanisms called Proof of 
Contribution (PoC) and Klaytn Improvement Reserve (KIR). PoC assesses the 
contribution level of all economic entities within the Klaytn ecosystem and 
provides KLAY token that correspond to each entity's level of contribution. 
KIR, on the other hand, is allocated for anybody committed to maintaining 
sustainable ecosystem growth through various activities such as platform 
research or community events.

Klaytn also features 'KLAY BApp Partners' whose blockchain-powered services use 
KLAY token for reward and payment. The users are able to earn KLAY and freely 
use them across diverse services.

First, a number of blockchain-powered game services developed by 3 major game 
studios that have gained wide popularity on other blockchain platform are 
joining Klaytn. 'Klaytn Knights,' an updated version of 'EOS Knights,' 
developed by the no. 1 global blockchain game development studio, Biscuit, is 
open for pre-registration starting on June 28th. 'Marvel Clans,' the new game 
service developed by MixMarvel, which was previously developed Hyper Snake, the 
no. 1 DApp on TRON, and 'Axie Infinity,' a digital pet collectible game as 
developed by Vietnam-based Sky Mavis Pte. Ltd. are also servicing their games 
later this year.

Some popular character-based games are also recreated via Klaytn. mgame, the 
Korea-based online game developer with over 20 million users, is transforming 
'Hon' and 'Princess Maker' into blockchain-powered games by utilizing their 
IP's. In addition, 'Crypto Sword & Magic' of Nod Games, 'Infinity Star' of Node 
Brick, two of which are selected by the Korea-based blockchain accelerating 
program 'Hashed Labs,' along with 'Crypto Fishing' of MEMORY Inc., are 
utilizing KLAY for their game services.

# Global top-tier enterprises including LG Electronics, Netmarble, and 
UnionBank participate in Klaytn Governance Council

The Council consists of 19 global top-tier companies that have successfully 
produced massive user-based popular services in various industry domains 
including IT, telecommunications, content, games, and finance. They are also 
key business units of some of Asia's largest companies. Considering the 
region's booming market with its wider audience eager to embrace new 
technologies and a great number of emerging firms utilizing blockchain 
technology for new business models, the assembled alliance is expected to usher 
in a new era of blockchain through Klaytn.

As key decision makers for key business and technical agenda, the Council 
members are responsible for operating the consensus node network. Further, they 
plan to develop Klaytn-based services or implement blockchain to existing 
services to drive the mass adoption of blockchain technology.

The participating Council members include 'LG Electronics,' 'LG International' 
and '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,' 'HashKey,' the strategic 
partner of China's 'Wanxiang Blockchain Labs' and the Hong Kong-based leading 
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.,' a 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.

Jason Han, the CEO of Ground X, heading the development and operation of 
Klaytn, said, "Klaytn will trigger the mass adoption of blockchain and expand 
the ecosystem by partnering with more service partners." He further commented, 
"Klaytn is operated by an alliance of some of Asia's largest enterprises of 
great reputation altogether exceeding a market value of over $65 billion and a 
user base of hundreds of millions, with a mission to enhance the platform's 
transparency and trust." He added, "Together with our Governance Council, we 
look forward to operating a stable and reliable blockchain platform."

[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.

https://klaytn.com
https://medium.com/klaytn
https://twitter.com/klaytn_official

Source: Klaytn

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   Caption: Klaytn Mainnet