China’s Blockchain-Based Service Network To Integrate 40 Public Blockchains Within A Year
China’s Blockchain-Based Service Network To Integrate 40 Public Blockchains Within A Year
July 28, 2020
China’s Blockchain-Based Service Network To Integrate 40 Public Blockchains Within A Year
China’s Blockchain-Based Service Network To Integrate 40 Public Blockchains Within A Year
July 28, 2020

China’s Blockchain-Based Service Network (BSN) will be integrating 30- 40 public blockchains within a year.

He Yifan, CEO of Red Date Technology, the private company behind the BSN said that the network aims to integrate some of the most well-known public blockchain networks by June 2021.

In the following year, it will further integrate more blockchains in an effort to double that number.

Launched in April, BSN is China’s first government-backed blockchain initiative that was initially positioned to help small to medium-size businesses and entrepreneurs build and deploy blockchain applications on permissioned blockchains.

Since then, it has registered 6,000 enterprises and individuals on the network.

At present, the network intends to integrate multiple public blockchain networks through its BSN International wing.

Yifan says:

“we are trying to integrate as many suitable public chains as possible, but definitely not all chains. That would not be feasible due to high costs and limitation on manpower.” 

BSN has its first batch of six blockchain networks including Ethereum, EOS and NEO that it plans to integrate. 

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On the purpose of integrating public chains on BSN, He explained that the network aspires to be a connecting point for all blockchain networks and protocols, adding:

“We build mainnet and testnet nodes of these public chains together to provide Dapp developers an easier and cheaper one-stop access point. With one single gateway and one simple month plan, developers can access all public chains on BSN very easily. That lowers the barrier to entry of DApp development and enable more traditional developers to join the crypto industry.”

Lowered cost of development and deployment of applications is where the innovation begins.

After BSN’s split into BSN-China and BSN-International, the latter has focused more on integrating public blockchains and attracting businesses and individuals from across the world while the former primarily works with permissioned networks to further blockchain innovation in China.

Yifan concludes, in the coming months, they also plan to share the source codes of BSN with all members of the BSN International Foundation and add more teams to join the BSN development effort.

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Source: Cointelegraph | Image: Unsplash

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Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
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