The Blockchain-based Service Network (BSN) has launched a beta version of its BSN Spartan Network. This is the international version of China’s BSN, which includes versions of popular public blockchains such as Ethereum, Cosmos and PolygonEdge, which do not use cryptocurrencies. The validator nodes of the public permissioned network are run by large corporates such as HSBC, Emperor Group, and Lan Kwai Fong Group, although many of the current companies have Hong Kong or Chinese connections. The beta testing stage will last for two months.
“99% of the world’s IT systems do not use cryptocurrency-based public chains to avoid being involved in unregulated and volatile cryptocurrencies,” said Yifan He, CEO of Red Date Technology, the technical architect of the BSN. He envisages people worldwide using it for “any traditional IT system to leverage the capabilities of the underlying blockchain technology in an easier and more cost-effective way.”
Yifan He likes to say that the internet got traction because it cost little to launch a website, and he wants to do the same for blockchain.
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