The global cryptocurrency exchange, Binance joined a blockchain project dubbed \u2018Klaytn Governance Council\u2019 steered by South Korean Internet giant Kakao. With this, Binance will participate in the platform\u2019s initiative to drive the mass adoption of blockchain technologies globally.\r\n\r\nWith this, Binance becomes the first blockchain company to join the band, along with 24 other Council members, who will work toward developing Klaytn-based applications and will participate in key decisions related to business and technical updates. In a statement released by Binance on October 22nd stated:\r\n\u201cUndertaking the Klaytn platform ownership, the Council members function as key decision-makers for Klaytn\u2019s business and technical developments, including the consensus node network operation dedicated to advancing blockchain utility.\u201d\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nA Mutual Vision\r\nAccording to Binance CFO Wei Zhou, Ground X and its public blockchain project Klaytn share \u201ca mutual vision\u201d with Binance in promoting and stimulating sustainable growth in the industry and to bring meaningful use cases. Zhou also added that the exchange was excited to join the council work with other key partners which included Asian industry players such as LG Electronics and Kakao, \u201cto foster the growth of the global blockchain ecosystem in this joint and open effort.\u201d\r\n\r\nJason Han, the CEO of Kakao\u2019s blockchain arm, Ground X, who heads the development of the Klaytn platform said:\r\n\u201cWe are excited to welcome the world\u2019s leading exchange Binance to our Governance Council. We look forward to further strengthening the Governance Council as we continue to invite leading companies in various industry domains to join, and together with our Council members, we will work towards driving mainstream adoption of blockchain.\u201d\r\nIn a previously published press release, Klaytn had alluded that the council is an alliance of multinational businesses and organizations, who are responsible for operating consensus node network and driving ecosystem growth.