ConsenSys Joins Korea’s Klaytn Blockchain Platform as Partner

South Korea’s internet giant Kakao’s Klaytn blockchain project announced a strategic partnership with Ethereum studio ConsenSys.

Beginning today, #Klaytn will be partnering with @Consensys to advance development of Korea’s CBDC while working to strengthen Klaytn’s scalability by enhancing our interoperability with the #Ethereum network.https://t.co/w6EsN2H0jj

— Klaytn (@klaytn_official) April 23, 2021

Under the technological partnership, the partners will work to improve the performance of the Ethereum-based public Klaytn network, and will also develop its private version with special features, including:

• privacy;
• a Layer 2 solution to boost scalability;
• interoperability with other blockchains.

According to the statement, these options will be crucial for optimizing the CBDC platform that Klaytn was preparing to participate in Bank of Korea pilot project by the end of 2021.

“We at ConsenSys are committed to supporting global CBDC efforts and have substantial experience in this area, helping eight major central banks around the world in pilot projects,” said the Asia-Pacific managing director Charles d’Ossi.

Kakao launched the Klaytn mainnet in 2019.