Klaytn mainnet launch: The sun will never set on the GET Protocol

https://www.klaytn.com/countdown

“Kakao’s global public blockchain project Klaytn is an enterprise-grade, service-centric platform that brings user-friendly blockchain experience to millions.” — Klaytn.com

To summarize, until further notice, the GET Protocol remains running on the Ethereum blockchain as does its ERC20 token. As we are not rushing the migration process. We will await the Klaytn mainnet to stabilize before making permanent decisions.

Why we are choosing for Klaytn

End users all over the world care more about usability and price of the service they receive. Business ethics and transparency are important, but they generally come second. While this fact can be frustrating, it is important to embrace its merit and deal with this reality.

Recipes for adoption

Our tech

Kakao’s network & reach

More users, more room for synergy

In 2017 Kakao had more than 220 millions users on their messaging and content platform. The last few years the company has been rapidly expanding in other industry verticals.

Kakao Corp & the Klaytn business ecosystem

Overview of all business verticals in which Kakao has a presence. Source: https://t1.kakaocdn.net/kakaocorp/admin/ir/results-announcement/3888.pdf

Business focus

Kakao’s strategy to create an immersive ecosystem for the end user. Klaytn will be the foundation for all these different applications to interact and settle.

A shared vision of the future

A peek in Kakao Corps portfolio

  • Crypto /Blockchain: GroundX -> The Klaytn blockchain.
  • Kakao Chat/Talk-> Messaging app with more than 50 million active daily users.
  • Melon Ticket -> Ticketing providing services for prominent K-pop stars and other events.
  • Fintech/Crypto -> Exchanges like Upbit & Coinone.
  • Kakao Game, Kakao Friends, Daum Portal -> Digital content, e-sports, gaming
  • Kakao Music -> Music distribution, Fan engagement, artist management & event promotion
Source: https://medium.com/klaytn/introducing-klaytn-governance-council-66281fe8610

Focus on actual adoption and business use case

Product/market fit. The problem of ticket scalping in Korea

Important disclaimer

More about the GET Protocol

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