The Top 10 Klaytn Blockchain Applications for 2020

The Klaytn Blockchain was developed by the Blockchain unit (Ground X) of Korea’s top messaging platform Kakao. Klaytn is a public Blockchain platform that was launched in 2019. It combines the best features of both public Blockchains and private Blockchains through their hybrid design. Therefore, their aim is to drive mass adoption in Blockchain. In addition, they are partnering with many businesses to use their Blockchain services. Furthermore, the platform allows real-world applications of large scale to be produced immediately so that our end-users can make full use of services without much expertise in Blockchain or cryptocurrency.

Klaytn announced that its digital wallet called Klip will be embedded in KakaoTalk in early to mid-2020. By the end of 2020, Klip will support KLAY-based non-fungible tokens (NFTs) and crypto-collectibles. In addition, KakaoTalk already has over 50 million users.

“We are committed to offering Blockchain services for a more mainstream audience, and together with the Council members, we have built an extensive and secure foundation for Blockchain services to flourish. We will continue to make progress toward our vision to be the first solution to bringing Blockchain experiences that flow seamlessly,” said Ground X CEO, Jason Han.

Klaytn is the Libra of Korea

Similar to Libra, the Klaytn Platform does not belong to the social media platform. Kakao does not own Klaytn. Rather it belongs to all the Klaytn Governance Council members. Therefore, the council is the one that makes all the decisions. Furthermore, Klaytn is currently ahead of Libra is that it has already proven to process a daily transaction volume of around 700,000. To put this into context, Klaytn was able to reach this number in less than a year compared to Ethereum which took over 4 years.

Klaytn Blockchain EcosystemThe Klaytn Governance Council Members

  • Kakao
  • Binance
  • LG Electronics
  • kakaopage
  • Netmarble
  • HashKey
  • Pearl Abyss
  • LG International
  • kakaopay
  • Everrich Group
  • NEOPLY
  • kakaogames
  • Ground X
  • LG U+
  • PUBG
  • Hi Inc.
  • FSN
  • UnionBank
  • Cocone
  • AXIATA DIGITAL
  • kakaoIX
  • gumi Inc.
  • Wemade
  • Celltrion

The Top 10 Klaytn Blockchain Applications

1. SLIVER.tv

SLIVER.tv rewards users with TFuel when you watch your favorite streamers on your Android device. In addition, for every match, the user will get a chance to win FREE skins, gaming gear, and open crates through their smartphone.

2. SPIN Protocol

SPIN Protocol provides a decentralized commerce ecosystem for influencers. Therefore, it creates a fair ecosystem that takes out the middleman. Their first Dapp, Womanstalk, has a market for influencers to curate content.

3. HAWK

HAWK is a Blockchain-based e-scooter sharing technology. Their first application is BHK (Black Hawk Knight) aims to create a distributed intelligent travel platform.

4. Antube

Antube is a mobile video community. It shares its ecosystem value and profit back to users who contribute. Therefore, users are incentivized to create high-quality content, effective contributions within the community, sharing, and viewing.

5. Cloudbric

Cloudbric is a Blockchain security company which aims to secure the entire blockchain experience for users and businesses. This includes protecting global exchanges and securing cryptocurrency assets.

6. Insureum

Insureum is a Blockchain startup in Korea that utilizes the user’s data to provide on-demand insurance on the Blockchain. Therefore, they use Blockchain technology to create a decentralized ecosystem that connects insurers, policyholders, and 3rd parties.

7. Cosmochain

Cosmochain is a Blockchain-based project that focuses on Beauty data. They systematically manage data incurred in the beauty industry. Their Dapp called FitsMe, is a beauty product recommendation and content curation service.

8. Inconvenience Box

Inconvenience Box is a platform to measure and purchase the value of your inconvenience. Therefore, users can write down their inconvenience for various brands and sell those inconveniences.

9. Atlas

Atlas aims to create a high-quality travel content platform. They reward content creators for their advice regarding their travel experiences. Furthermore, users can share their thoughts on hotels, restaurants, and much more.

10. Piction Network

Piction Network is a peer-to-peer digital content ecosystem. Therefore, they aim to disrupt the centralized models of content distribution which is currently dominated by intermediaries.