Chinese BSN platform will support over 100 open blockchains

The Chinese infrastructure platform Blockchain Service Network (BSN) intends to integrate over 100 open blockchains within a year.

The BSN project, created by the State Information Center of China, is developing a blockchain-based platform that will become a one-stop hub for developers of decentralized applications. BSN will bring together individuals and small firms by providing them with “hosting for blockchain development.” Yifan He, CEO of Red Date Technology in Beijing, which is directly involved in the creation of BSN, said that the network already supports the Tezos, NEO, Nervos, EOS, IRISnet and Ethereum blockchains. BSN plans to integrate over 100 open networks during the year.

BSN platform was launched on April 25 with the support of the Chinese government. Since the launch of the platform, more than 6,000 customers have already started using it. These include public and private organizations that use the platform for supply chain management and document management.

“BSN plans to go international so that everyone can build decentralized applications in one place. The Internet gained popularity after everyone had the opportunity to create websites. BSN will become the same internet, only for blockchains. BSN will unite different networks and protocols, which today operate separately, ”said Yifan He, head of Red Date Technology.

However, geopolitical differences will make it difficult for the Chinese platform to enter the US, EU and UK markets. Therefore, BSN split into two groups: BSN-China, focused on Chinese standards, and BSN-International, focused on the international market. At the same time, He explained that both organizations operate within the same international platform, and are not independent entities. Five BSN-China nodes will be connected to BSN-International.

He added that by using the platform, developers of decentralized applications will be able to save up to 90% on development investments. BSN strives for transparency, so in the next three years the site will switch to open source. The platform will make money by providing customers with cloud storage, and BSN should be profitable within three to five years.

Last month, BSN planned to add support for Chainlink oracles for working with external data, and Cosmos for working with other blockchains.

About author

Experienced Founder with a demonstrated history of working in the newspapers industry. Skilled in Data Research, Management, Investment Research, Teamwork, and Leadership. Influencing the technology, people, and technical analysis of the Cryptocurrency and Blockchain world.
Related posts

Tata Power-DDL uses Power Ledger’s blockchain-enabled technology to facilitate peer-to-peer (P2P) trading of electricity


State Bank of India has tied up with JPMorgan to use the US bank’s blockchain technology to speed up overseas transactions.


UK Department of Health Tracks COVID-19 Vaccine Possession Using Blockchain


Frankfurt Airport Uses IOTA-Based Solution to Check Coronavirus Tests

Sign up for our newsletter and stay informed

0 0 votes
Page Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x