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South Korean Blockchain Platform Klatyn Announces Partnership with Numerous Blockchain Firms

Reading Time: 2 minutes by on December 13, 2018 Blockchain, Business, Development, News, Platform, Tech
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Klatyn, the blockchain platform of South Korea’s Messenger Kakao, announced partnerships with several blockchain-based applications and projects on December 10th, 2018.

Bringing Blockchain to the People

These projects were selected due to the criteria of also being “large user pool-based service providers.” KakaoTalk, Kakao’s number one app has a 93 percent usage rate in a country with a 73 percent mobile phone penetration rate.

Their success in providing a small set of quality features to a large number of people may be why they opted to only work with companies that plan to do the same thing. It may also be due to Klatyn’s priority in bringing mass adoption to blockchain technology and platforms built on it.

Klatyn is moving quickly too. Since the launch in October 2018 by Ground X, the blockchain development division of Kakao. In October 2018, they made nine partnerships with projects that include Wemade Tree and Piction Network. Since then, an additional eight alliances were established, which include the aforementioned Watcha and Atlas.

Watcha powers the “Contents Protocol”, an app used by over 4.5 million users for finding film reviews and recommendations. User activity within the app such as rating movies, reviewing them, and recommending films to other users is recorded and rewarded accordingly, based on contribution.

Atlas, on the other hand, was developed by a luxury travel company out of China called Zanadu. The travel content and transaction platform cater to the 2 million user base the parent company has built up, connecting travelers and suppliers to a marketplace. The end goal for Atlas is to reinvigorate “the entire value chain in the travel industry through a transparent and fair ecosystem.”

A graph from the official press release depicts what each partnership is for, as well as the regions of the world they look to provide service to.

The 17 and counting partners will work in concert to realize their dApp services when the Klatyn platform finally goes live with a mainnet launch sometime in either Q1 or Q2 of next year.

Testnet Launch and Future of Klatyn

To allow the initial service providers to get acquainted the internal workings of Klatyn, the testnet has already been launched. Only selected partners have access, however, but Klatyn plans to continue expanding partnerships up until the mainnet release

CEO of Ground X, Jason Han, spoke about the positive implications these partnerships will have for Klatyn as well as the industry as a whole:

“Together with initial service partners, Klaytn will take the blockchain industry to the next level by focusing on creating meaningful real use-cases, which stands as the next key challenge in our industry.”

Service providers and developers interested in working with the testnet can register on Klatyn’s official website and request a partnership screening. From there, the blockchain platform will deem if you’re a good fit for the company and their goals.

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