An announcement published on Medium just before the launch of the international portal notes that China’s BSN integrated with six public chains, including Ethereum, EOS, Nervos, Tezos, NEO, and IRISnet.
China’s Blockchain Services Network (BSN) launched its international website, which launched its global expansion plan, in which it has allies such as Amazon Web Services (AWS), Microsoft, and Google Cloud. These huge American companies play their roles as their primary cloud service providers. They intend to be overseas data centers.
The new BSN portal officially appeared yesterday, August 9, and aims to provide “low cost” tools for the world’s blockchain developers to build their projects, the goal is to create a global blockchain network, as read in the description of the website.
The platform is now a Chinese and a global version aiming that companies and individuals from all over the world are joining it. BSN China was launched last April, also adding the integration of companies and service providers operating in Chinese territory.
An announcement published on Medium just before the launch of the international portal notes that China’s BSN integrated with six public chains, including Ethereum, EOS, Nervos, Tezos, NEO, and IRISnet. The statement adds that the national blockchain platform seeks integration with other public blockchains to achieve more widespread interoperability.
The network offers packages of supports for developers to create decentralized applications (DApps). The website details that the system has shared environments and smart city nodes where developers can easily connect to upload their projects.
As the service network moves forward with its global expansion plans, US President Donald Trump signed executive orders affecting TikTok and WeChat, two of China’s most popular apps.
According to the requests, US companies must stop their operations with them in the next 45 days. Trump has said that his decision is an effort to “protect the national security” of his country. The move represents a significant escalation in Washington’s firm position vis-à-vis Beijing’s power in global technology.
The Chinese government also plans to launch its sovereign digital currency, which is already in a trial period. Employees of some state banks in cities such as Shenzhen said they had started internally testing an application to transfer money and make payments with the digital yuan, as revealed by Reuters on August 5th.
For several years, China has also been working on the launch of its digital currency, as reported by CriptoNoticias. However, the team working on this development operates in a closed-door environment, far from the headquarters of the People’s Bank of China, so details of the project such as when its launch will happen are unknown.
The blockchain platform is a Chinese government-sponsored initiative that was first piloted in October 2019 and initially supported small as well as medium-sized businesses to create and implement blockchain-based applications. This program was officially launched in April 2020 for global commercial use, as reported by CriptoNoticias at the time.
By Jenson Nuñez
