Cryptocurrency

Famous Bank of South Korea Becomes a Partner of Blockchain Platform

Shinhan Bank, one of the largest banks in Southeast Asia, has joined the governing council of blockchain platform Klaytn.

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One of the most valuable features of Klaytn is that it is an open source public blockchain. Klaytn is designed for enterprise-grade scalability and performance.

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https://twitter. com/klaytn_official/status/1411978529856704516

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The most valuable point of this subsidiary agreement is that Shinhan Bank will be able to play an active role in the decision-making process within Klaytn.

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In addition to participating in the joint management of the Klaytn blockchain, Shinhan Bank will also provide a variety of digital services in advancing its financial technology.

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The South Korean bank stands out as a global head of finance in digital innovation. Since 2017, the bank has been offering a variety of blockchain-based financial services, including government loans, pension payments and derivative settlements.

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