Yesterday, China’s
Blockchain Service Network (BSN) announced it would use the FISCO BCOS as the open-source protocol to build a national network for blockchain as a service. One of the main aims of China’s national blockchain infrastructure is to offer a low-cost way for SMEs to adopt blockchain.
Additionally, the State Information Center (SIC), state-owned firms China UnionPay, China Mobile and three other organizations who initiated BSN have signed ‘The Alliance Chain Framework Adaptation Agreement’, establishing the BSN Development Alliance.
The announcements were made at BSN’s first partner conference held in Hangzhou, which saw the entry of 14 new organizations as members, including cryptocurrency exchange Huobi, according to
Sina Finance. In his speech at the event, the CEO of the exchange said it would help the BSN Alliance with blockchain training and research.
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