LG Electronics and LG International, joining Kakao’s Klaytn

LG Electronics and LG International, the core affiliates of LG Group, have agreed to join KaKao’s blockchain platform ‘Klaytn’. Samsung has actively participated in the blockbuster business, such as Samsung’s Galaxy S10 with a blockchain key store, and LG is also considering expanding its business by taking the blockchain related industry as a next-generation foodstuff.

Overseas, major global players such as Starbucks and Facebook are entering the blockchain business. In Korea, Samsung & LG as well as the SK Group led by SK Telecom are all interested in the blockchain technology. It is expected that the size of the blockchain industry will expand even further by joining large-scale IT companies such as Naver and KaKao.

According to the related industry on 26th, LG Electronics and LG International, as well as key information technology (IT) companies, such as Netmarble, PUBG, Neowiz, Wemade, etc., will be participating as operating partners of KaKao’s blockchain platform ‘Klaytn’.

( Source : The Block Post, 26th June 2019 )

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