Korea’s Klaytn blockchain has experienced some big-name governing council losses in the last couple of months, including LG Electronics and Hashed. Korea’s blockchain is permissionless in that anyone can access it, but the write nodes are operated by governing council members in a similar way to the Hedera Hashgraph DLT. At one point, Klaytn’s council included Worldpay, Shinhan Bank, LG Electronics, LG International, SK Networks and Philippines UnionBank. Of this group, only SK Networks remains.
LG Electronics, Shinhan Bank and Worldpay’s parent FIS are on the Hedera governing council and are still active, according to recent governing council minutes.
The Klaytn blockchain was founded by Korea’s major social network Kakao and its blockchain subsidiary Ground X which is the partner for Bank of Korea’s central bank digital currency (CBDC) experiments.
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