China’s BSN will integrate about 100 public blockchains within a year in order to connect the fragmented blockchain industry so let’s find out more in the upcoming blockchain latest news.
The Blockchain Service Network or China’s BSN will integrate these blockchains and it has already added support for EOS, Tezos, IRISNet, and Ethereum. The project aims to provide a hosting platform for individuals and smaller businesses which will act as a stop-hub for dapp developers. China’s BSN unveiled its plan to connect more than 100 public blockchains this year and as Red Date Technology reported, there are plans to roll out this network across the world. BSN announced support for EOS, Nervos, Tezos, NEO, and many more as Yifan He revealed.
BSN is excited to announce the six public chains that will be integrated at the launch of the redesigned BSN International Portal @ethereum @block_one_ @tezos @NervosNetwork @Neo_Blockchain @irisnetwork @IRITAchain @chainlink @dfuseio https://t.co/CGtw2azbaQ
— BSN (@bsnbase) July 21, 2020
The BSN is supported by the Chinese government and aims to provide the developers with the needed tools to create blockchain applications and acting as a blockchain hosting platform for smaller businesses and individuals. BSN already made a huge impact since the initial rollout with more than 6000 customers. Most of the users are governmental organizations, people based in China, businesses, and managers of supply chains. He revealed that Red Date has a goal to push out BSN on a global scale so that everyone can create a decentralized app without having to publish offerings on siloed platforms:
“The Internet took off only after it became cheap for everyone to build websites. Our mission is to put everything blockchain-related onto BSN’s platform.”
While most of the companies are developing new standards for blockchain industries, BSN has a different goal in that of helping to connect multiple protocols and networks that are now fragmented. Yifan also said that developers will be able to realize cost savings of more than 90% when it comes to developing blockchain-based apps. Global expansion will not be as easy for the Blockchain Service Network because of the ever-increasing geopolitical tensions that have caused a huge pushback over Chinese-made technology from companies such as Huawei in EU, UK, and the United States. He however said that Red Date will work with international partners without Chinese affiliations and will achieve transparency through an open-source network within the three years that are coming.
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