JAN 08, 2020
By Helen
Partz
วันอาทิตย์ที่ 19 มกราคม พ.ศ. 2563
China’s Nationwide Blockchain Network BSN Will Launch in April 2020
Backed by Chinese government policy think tank the State Information
Center (SIC), the ambitious project aims to provide a trusted and scalable
infrastructure for supporting new blockchain projects as well as the
development of smart cities and the digital economy.
BSN is a joint initiative of China’s state policy think tank and
state-run companies
Tang Sisi, deputy head of the Smart City Development Research Center of
the China’s State Information Center (SIC), announced the news at the
China Urban Regulation Innovation Forum in early January, Chinese
finance-focused publication Sina Finance reported on
Jan. 7. According to the executive, the BSN will be officially launched for
commercial operation in April after the network was first released for internal
beta testing in October 2019.
As previously reported, the
BSN network is an interregional public infrastructure network that was jointly
developed by the SIC, major China’s state-run telecom China Mobile and the
Chinese government-supported payment card network China UnionPay, among others.
China to further strengthen blockchain adoption with the project
During the internal testing period between October
2019 and March 2020, the BSN network is reportedly set to involve a total of
400 enterprises and 600 developers, Sina reports. First
piloted in the city of Hangzhou, the capital of east China's Zhejiang province,
the BSN specifically intends to reduce technical and economic costs associated
with developing blockchain adoption, SIC’ deputy director Zhang Xueying said.
As the Chinese government has been gradually strengthening its
blockchain adoption and expertise, the establishment of a new national grade
blockchain network is apparently an important milestone in its approach.
Alongside the active development of blockchain applications, China has been
working hard to introduce its own digital currency.
