Korea’s Shinhan Bank Joins Klaytn’s Blockchain Governance Council
One of the largest banks in South-East Asia, the Shinhan Bank becomes the first traditional financial institution in Korea to join and to be part of Klaytn’s Governance Council.
In addition to participating in the co-governance of the Klaytn blockchain, Shinhan will develop various Klaytn-based digital services that can help foster the fintech ecosystem.
By being part of Klaytn’s Governance Council, Shinhan Bank can play an active role in the decision-making process that takes place within the organization. Shinhan Bank is the first bank to join Klaytn’s endeavor as an important decision-making party. This event brings several benefits to both our beloved community, as well as to the project itself.
Also, by having Shinhan Bank by their side, they can once again reassure their users of their complete compliance with the regulations. This also eliminates the risk of noncompliance with the Central Bank. The transparency within our mode of operating offers an additional layer of trust for those users who are still reluctant to use our products.
About Klaytn:
Kakao’s global public blockchain project Klaytn is an enterprise-grade, service-centric platform that brings user-friendly blockchain experience to millions. It combines the best features of both public blockchains (decentralized data & control, distributed governance) and private blockchains (low latency, high scalability) via an efficient ‘hybrid’ design. Klaytn is secured by participation from numerous highly-reputable brands around the globe, working together to create a reliable business platform atop a robust system of decentralized trust. Klaytn enables businesses and entrepreneurs today to capture value using blockchain technology. Klaytn is the future, designed by GroundX.
🔽 INFO:
