Klaytn announced the 2023 plan, which will achieve large-scale adoption through sustainability and other factors

On February 27, the Korean Internet giant Kakao’s public chain Klaytn announced its 2023 plan. Its vision is to achieve large-scale adoption through three elements of sustainability, verifiability and community, including six strategic objectives and 18 detailed measures, focusing on giving priority to the sustainability of the ecosystem, ensuring verifiability through transparent governance and operation, and cultivating strong and dynamic communities.

Interpretation of this information:

Kakao, the Korean Internet giant, has recently announced its 2023 plan for Klaytn, its public chain. The plan stands on three tenets – sustainability, verifiability, and community, with a vision to achieve large-scale adoption. The 2023 plan comprises six strategic objectives, namely, maintaining a sustainable ecosystem, promoting a transparent governance and operation, providing user-friendly experiences, strengthening the ecosystem infrastructure, global expansion, and nurturing a robust ecosystem. In total, the plan has 18 detailed measures, such as establishing Klaytn ecosystem fund, implementing a Klaytn Improvement Proposal process, establishing a Klaytn Improvement Proposal status page, and so on.

The first tenet of the plan, sustainability, means giving priority to creating and upholding a sustainable ecosystem. The plan intends on building a financial and social infrastructure that is sustainable in the long run. The ecosystem funds, which will support Klaytn’s projects, will be invested in businesses that are expected to contribute to the future growth, sustainability, and utilization of the ecosystem. The plan also includes promoting good stewardship by introducing a Klaytn Improvement Proposal process, allowing eco-participants to propose, discuss, and vote on changes to the protocol that aligns with its core values.

The second fundamental requirement is verifiability, which will ensure transparency in governance and operation. Kakao wants to provide a stable and trustworthy infrastructure to attract businesses and developers to Klaytn. A transparent governance structure and operation will increase the credibility of the blockchain, allowing enterprises to trust and adopt Klaytn. Klaytn wants to become a brand that is known for trustworthiness, accountability, and transparency.

The third tenet of the 2023 plan is community that focuses on cultivating a strong and dynamic ecosystem community. Kakao aims to provide user-friendly experiences by improving Klaytn’s user interface, developing content to educate the community about the blockchain, and expanding partnerships to increase the ecosystem’s accessibility. The plan’s other objective is to strengthen the ecosystem infrastructure by facilitating the development of blockchain applications that are aligned with Klaytn’s objectives. Additionally, global expansion and nurturing a robust ecosystem have been listed as other strategic priorities.

Overall, Kakao’s 2023 plan for Klaytn targets a sustainable and verifiable blockchain ecosystem that prioritizes the needs of its community. The plan comprises six strategic objectives and 18 specific measures that are designed to achieve the vision of widespread adoption of the public chain. The three tenets that the plan is built around, namely, sustainability, verifiability, and community, encapsulate the key factors that will ensure the success of Klaytn in the coming years.