TON Labs partners with China’s BSN to start using Telegram’s blockchain despite the token project being dead so let’s read more in our cryptocurrency news today.
TON Labs partners with China’s BSN to build applications on the Telegram protocol and according to the announcement, the partnership grants BSN developers access to the TON technology. As with other instances of adapting public networks to the BSN China infrastructure, TON Labs will adapt the TON protocol to fulfill the demands of the Chinese regulators so the TON Network implementation on the BSN China will be an Open Permissioned Blockchain or OPB version.
According to the CEO of Red Date Technology He Yifan, who is among the founding members of the BSN, Chinese developers will be looking for low latency, scalable blockchain, and a base layer for developing useful applications. For TON Labs, the collaboration with the Chinese blockchain infrastructure project will boost the developer activity on the protocol and will bring more value to the project. Commenting on the potential benefits of the collaboration for the partners, TON Labs CFEO Cyril Pagliano remarked that this was a testament to the possibility of creating useful alliances for centralized and decentralized enterprises:
“It’s a creative approach to send a strong message that a company, a country, a people, even when facing certain statutory hurdles, can still find a way to use technology earmarked for everyone on the planet despite whatever localized mandates there may be, and while remaining in total compliance, vis-a-vis, adoption.”
Despite Telegram abandoning the TON blockchain due to regulatory pushbacks on the GRAM token project, the technology behind the project survives. Instead of being run by the messaging app service, the protocol is a community-owned project under Free TON Network aegis. TON is the latest public blockchain that made a splash on BSN China and with the strict regulatory rules in the country, the BSN has two main implementations: BSN International and BSN China. Back in February, Cosmos was the one that became the first public blockchain to be added to Blockchain Service Network China.
The Blockchain-based service network which is China’s first blockchain infrastructure announced it had adapted Cosmos to its Chinese network. China’s BSN announced that it will only support permissioned enterprise blockchains. With Cosmos being integrated into the Chinese BSN we could expect some interesting things to come out. The integrated Cosmos is an open-permission blockchain which is a hybrid developed the Bianjie that is a company behind the development of IrisNet.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]