Today Red Date Technology, the key developer of China’s Blockchain-based Service Network (BSN), said it had inked a deal with R3 to deploy the enterprise blockchain Corda on the BSN network. The agreement is for both the free version of Corda and the Corda Enterprise blockchain paid version. It’s the first time BSN has made a deal to resell an enterprise blockchain into China. It seems some of China’s big banks plan to use it.
The BSN was initiated by the Chinese government’s State Information Center (SIC) along with Red Date, China Mobile and China UnionPay. The aim is to provide a low-cost blockchain network making it accessible to the masses and offering numerous different permissioned blockchain technologies. In other words, companies don’t have to set up their own nodes.
So far, the BSN supports Hyperledger Fabric, FISCO BCOS, CITA (a Chinese enterprise Ethereum), and Baidu’s XuperChain with several others announced. With a deal already inked for ConsenSys’ Quorum to be added, Corda was the odd one out of the big three enterprise blockchains until today.
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