Last year saw the launch of the Singapore-based BSN Spartan Network, a network of multiple public blockchains that don’t use cryptocurrencies. Today it launched the BSN Spartan Foundation in a move to decentralize the network’s governance away from its founder, Hong Kong’s Red Date Technology. The other foundation members are DLA Piper-backed tokenization firm TOKO, German consultants GFT, web3 hosting firm Blockdaemon and web3 infrastructure firm Zeeve. BSN Spartan plans to have between 25 and 40 foundation members.
The BSN Spartan goals are similar to the typical web3 vision, as a decentralized version of the internet. However, it has a greater focus on business usage of the network and sidesteps the speculative crypto aspect. For example, HSBC was amongst the Spartan beta testers.
There are similarities with the governance of other public blockchains such as Hedera and Korea’s Klaytn, which both started with enterprises governing the network and controlling the validator nodes. However, that’s no longer the case with Klaytn and Hedera is also evolving. Unlike Spartan, both Hedera and Klaytn have cryptocurrencies. DLA Piper was amongst the first governing council members of Hedera.
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