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Messaging Giant Kakao Corp Releases Blockchain Platform Testnet Ahead Of Q1 2019 Launch

South Korea mobile messaging giant Kakao Corp. unveiled the testnet version of its new blockchain platform Monday, October 8, ahead of a formal launch in Q1 2019, local media outlet Korea Herald reports.

The platform, dubbed Klaytn, is the brainchild of Kakao subsidiary Ground X. Focused on decentralized apps (‘DApps’), developers are currently working with around ten domestic and international partners to experiment with the new ecosystem.

The user “environment” has in fact removed many of the standard features of blockchain platforms such as wallets, addresses and private keys, with developers also privileging transaction speed for its in-platform token, which they say will allow 1500 transactions per second.

Kakao has become increasingly active in the blockchain sphere with projects stemming from various sectors of the corporation and its subsidiaries.

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