Today the Blockchain-based Service Network (BSN) announced that one of its founders, Red Date Technology signed an exclusive agreement with MetaverseSociety to operate the BSN portal in Korea which will launch in November. BSN aims to provide low cost access to various blockchain technologies both within a Chinese network and an international network.
BSN was founded by the Chinese government’s State Information Center (SIC) along with Red Date, China Mobile and China UnionPay. The Chinese network supports only enterprise blockchain technologies but makes them publicly accessible, whereas the international network additionally supports numerous public blockchains such as Ethereum, EOS, Polkadot, NEO and Tezos. A key focus is to try to create interoperability between different blockchain offerings.
When Red Date announced its Series A funding in June, it explained that BSN International was in the process of creating a Singapore foundation of multinational corporations to steer the initiative. It also announced plans to integrate with Singapore’s Blockchain for Trade & Connectivity (BTC) Network late last year. The BTC Network is backed by Enterprise Singapore and also includes Global E-Trade Services (GeTS), a major digital trade solution in the region that also uses blockchain.
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