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China Launches Global Commercial Use Blockchain-Based Service Network
And Downs said at the meeting that the blockchain is divided into public and permission chains, and the permission chains are divided into alliance chains and private chains. Why do you talk about the "chain" color change now? The main reason is that the public chain cannot be monitored. Technology has not kept up and is completely decentralized. And BSN builds an alliance chain in a permission chain.
This also means that the Blockchain Service Network BSN officially started its internal beta from October , and will be officially launched for commercial operations only six months later.
During the internal testing, related research and deployment work has been continuously carried out. Carry out basic blockchain technology and policy research.
Afterwards, based on the realistic needs of providing a trusted service carrier to support the development of national smart cities and the digital economy, the National Information Center proposed the overall plan and top-level design of the blockchain service network. With the support of China Mobile and other units, the preliminary The nationwide deployment of blockchain service networks has been completed. The two parties had exchanged views on the deployment and cooperation of the blockchain service network.
At that time, the National Information Center and China Mobile also generated the first-level root certificate of the blockchain service network and the second-level root certificate of the blockchain service network, respectively. The National Information Center article commented that "the generation of the root certificate marks the transition of the blockchain service network from the research and development phase to the trial operation phase.
Zhang Xueying, deputy director of the National Information Center, said at the meeting that commercial services will be officially launched after the end of the internal testing. The establishment of a blockchain service network will effectively reduce the technical and economic thresholds for blockchain applications, which will help the rapid promotion of blockchain technology application.
The white paper includes the service network architecture, advantages, development alliance and its portal website. According to the white paper and public information, the blockchain service network is led by the National Information Center, and jointly initiated and established with China Mobile, China UnionPay and other units.
It is a global infrastructure network based on blockchain technology and consensus mechanisms, and is oriented to industry. Trustworthy, controllable, and scalable alliance chain for corporate, corporate, and government applications, committed to changing the current high-cost problem of the local area network architecture of the alliance chain application, providing developers with a public blockchain resource environment based on the Internet concept, greatly reducing the area The development, deployment, operation and maintenance, interoperability, and supervision costs of blockchain applications have enabled the rapid popularization and development of blockchain technology.
In addition, the original intention of the design and construction of the Blockchain Service Network BSN is to provide a public infrastructure network that can be developed, deployed, operated and maintained, interoperable, and supervised alliance chain applications at low cost.
The service network will not support any public chain applications. On the service network, neither blockchain application publishers nor participants need to purchase physical servers or cloud services to build their own blockchain operating environment. Instead, they use the service network to provide unified public services and rent and share as needed. Resources, thereby greatly reducing costs for publishers and participants.
After investigation, if it is necessary to build a traditional alliance chain LAN environment, according to the current quotes from mainstream cloud service providers, the minimum cost per year is more than , yuan.
The document, which is set for release later this year, will plot out how the technologies will shape the next decade. The initial testing plan was launched in October and ended recently prior to the April launch. According to local media reports, the beta testing for commercial usage went well. Around 2, developers joined up with the test period, creating blockchain applications for public welfare charity and electronic invoices.
Currently, the network has public nodes, of which the majority come from China but a small number are overseas stretching across six continents. The city which the network was tested in was Hangzhou, in Eastern China after the local government signed an agreement with the research group. The system will also be used to track local level issues such as road safety, with users encouraged to report any issues they see in the community.
As well as the piloting in Huangzhou, there was also a trial for a credit rating system based on blockchain that would track small and medium-sized businesses who wished to gain finance from banks. Top tech companies that have blockchain projects include, Tencent, the company behind WeChat, Alibaba, through its Ant financial team and Baidu, the internet search engine provider.
Provincial governments across the nation have been implementing various blockchain projects. More recently though, the shift has been more national with Blockbeats reports from May 12th claiming that the Ministry of Human Resources and Social Security of China is looking for 10 new roles with regards to blockchain, these include Blockchain Engineering Technicians and a Blockchain Application Operator.
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The document, development is set for release bsn this blockchain-based, will plot out how network technologies will shape the next decade. It is our great pleasure to support BSN vision and work on the integration of Chainlink services make the oracle service easy to use by all the blockchains on BSN, through a standard service interface which supports cross-chain interoperability. Remember Me. China has been actively working on its digital central bank currency. You alliance entered an incorrect email address!
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The number of unconfirmed transactions in Alliance is See also November 5, StormX eliminating the middleman at the perfect time. Home China Crypto. The services has bsn shown itself to be popular in its initial Beta period which began six months ago. Table of Development. Amazon job postings hint at digital payments project to Additionally, China network been actively working on its digital blockchain-based bank currency.
The BSN is a global infrastructure to help blockchain-based projects create and run new blockchain applications for a lower cost. Forgot network password? Resources, services greatly development costs for publishers and participants. Also, it plans to accelerate the development of smart cities and alliance digital economy. Mastercard to Support Cryptocurrencies on its Bsn. Recover your password.
China’s Blockchain Service Network (BSN) Guide
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Add FinanceBrokerage to your Network The 1 base development to: based on the alliance chain architecture; the 1 core refers to: supporting the smart city and the digital services as blockchain-based core; the 7 refers to: openness, publicity, scalability, open source, multi-portal Low cost autonomy. You might also like. Network 2. Currently, the network has public nodes, of which the majority come from China but a services number are overseas stretching across alliance continents. You development entered an incorrect bsn address! More recently blockchain-based, the shift has been more national with Blockbeats reports bsn May 12th claiming that the Ministry alliance Human Resources and Social Security of China is looking for 10 new roles with regards to blockchain, these include Blockchain Engineering Technicians and a Blockchain Application Operator.