Last year the Chinese government’s State Information Center (SIC) unveiled plans for a low-cost national
Blockchain Service Network. The aim is to enable small businesses and individuals to be able to host blockchain apps easily without needing to deploy a private blockchain network. This week it revealed more details including an April launch, according to
Sina Finance.
The beta testing period runs from October 2019 to March 2020 and will provide free hosting to 400 companies and 600 developers with Hangzhou as the first test city. Hangzhou is also the home of The BSN Development Alliance, and the city is planning a blockchain pilot for digital identity.
A key motivation is to lower cost, and it is estimated that hosting a distributed app (dApp) will cost RMB 2 – 3,000 per year ($260 – $390).
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