The Blockchain-based Service Network (BSN) is a cross-cloud, cross-portal, cross-framework global public infrastructure network that provides developers with … The CEO of Red Date Technology, a local private company and a founding member of the BSN, He Yifan told the crypto news … Is Central Bank Digital Currency the Future of Money? The MarketWatch News Department was not involved in the creation of this content. Blockchain-based Service Network (BSN or Service network) is a worldwide infrastructure network that provides a one-stop-shop solution for blockchain and distributed ledger technology (DLT) applications (DApp). It provides developers with the tools to develop blockchain applications, creating a standardized blockchain across public networks, regions and business sectors to support digital economy and smart city initiatives. In their short article they explain that the network has the goal of improving the layout of blockchain technology and serve the development of smart cities and the digital economy. Feed for stories featuring Blockchain-based Service Network (BSN). Appearing on Aug. 10, the new English-language BSN website aims to help bring global developers to the project. The three entities have worked together throughout 2020 in various ways. [ January 17, 2021 ] China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency Blockchain [ January 17, 2021 ] Top Crypto Analyst Betting on Select Group of Altcoins, Says DeFi Bull Run Will Make 2017 Look Like Child’s Play Altcoin [ January 17, 2021 The research report on Blockchain-based Service Network market provides a broad perspective of this business vertical and comprises of substantial details such as market size, revenue estimation, industry remuneration, and market valuation over the study period. The Blockchain-based Service Network (BSN) can only be used for permissioned blockchains, either consortium or private, so when we mention a blockchain network in this article these are the types of networks that we are talking about. ShareRing, a global decentralized sharing ecosystem, has announced that it has joined China’s Blockchain-based Service Network (BSN). Like what you read? As per the report, companies which formulate the competitive terrain of the Blockchain-based Service Network market are China Mobile Communications Co., Huawei, IBM, China Mobile Financial … Home/Cryptocurrency/ China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency. China’s Blockchain-based Service Network (BSN) – a permissioned blockchain network for building decentralized applications and tokens – plans on releasing a beta central bank digital currency (CBDC) as early as the second half of 2021, according to a Jan. 15 blog post. The network has scaled to 15 banks, unleashing new trading opportunities for SMEs and new operational efficiencies for themselves. Next month, an alliance of Chinese government groups, banks, and technology companies will publicly launch the Blockchain-based Service Network (BSN). China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency - CoinDesk coindesk.com - William Foxley. According to BSN’s white paper, … Digital Currency : China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency. The BSN is an organization that has been put together by 6 different organizations in China and it has lofty goals. Despite Covid-19, green shoots of economic recovery abound. According to the latest announcement, China’s Blockchain-based Service (government-backed initiative) is integrating three more major Blockchain protocols such as Polkadot, Oasis, and Bityaun into its ecosystem.. China’s Blockchain-based Service Network (BSN) has revealed plans to develop a universal digital payments network (UDPN) based on standardised procedures for international transfers and payments with and between central bank digital currencies (CBDCs)... More. China has launched its nationwide Blockchain-based Service Network (BSN) for global commercial use. The AMA was held to highlight the recent integration of Poly Enterprise into the Blockchain-based Service Network. Announced in the middle of October 2019, only a week before President Xi Jinping said China should invest more in the blockchain technology, BSN will be unveiled to be public in April. First announced two months ago, the Blockchain Service Network aims to become a blockchain hosting platform for SME’s and individuals. 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