China’s Blockchain Service Network integrates three more public chains

china’s-blockchain-service-network-integrates-three-more-public-chains

China’s Blockchain Service Network integrates three more public chains

China’s Blockchain-based Service Network (BSN), a cross-cloud, cross-portal, and cross-framework global public infrastructure network, is adding three more well-known public blockchains into its ecosystem. 

He Yifan, CEO of Red Date Technology, the private company behind the BSN, told Cointelegraph that the network is at its second stage of integrating more public chains. This time it will include Algorand, ShareRing and Solana. Earlier last month, the network said it already onboarded Ethereum, EOSIO, Tezos, Neo, Nervos, and IrisNet.  

He told Cointelegraph that the public chains the network selects to integrate are the ones offering unique capabilities, focusing on building ecosystems and having strong user cases to solve real-world problems. A good size of the developer community is also an icing on the cake.  

The long term vision for the network, according to He, is to deploy and operate all types of blockchain distributed applications (DApps), hoping it would be able to lower the costs to build and deploy all DApps and achieve true interoperability among all permissioned and permissionless chains. He explained that: 

“Integrating public chains means we install public chain mainnet nodes and testnet nodes on our Public City Nodes (PCN, which are not chain nodes, but BSN data centers), so developers can access all nodes from all public chains via one gateway with one simple monthly plan. This makes the cost to connect to public chains drop to almost zero.” 

Fangfang Chen, Chief Operating Officer at Algorand Foundation, told Cointelegraph that Algorand as an open source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products would benefit both developers and enterprises from the integration. 

Developers can access public chain network nodes and more comprehensive services such as node monitoring. By connecting Algorand’s own Development Environment to BSN nodes, it would allow developers to deploy their applications more easily. Chen added that: 

“The integration provides a cost effective and stable global infrastructure for developers to innovate and create applications to solve real time problems. It will cultivate a global scale developer community to exchange ideas, source talents and build business partnerships.”

ShareRing, a global, enterprise-ready sharing ecosystem designed to integrate with businesses across various industries seamlessly, says the key focus initially is to integrate ShareLedger testnet and mainnet nodes and validators to run within the BSN. 

It will provide the company with a higher level of security protection for the network and provide easy access to developers who wish to write dApps on ShareLedger. 

ShareRing said it would also work with the BSN to publish our API’s such as ShareRing ID, ShareRing Pay, asset management, rental and reward protocols for developers to use and expand upon. We anticipate our protocols to be widely utilized within fast-growing smart city projects. Furthermore, it is also looking forward to leveraging the relationship with China Union Pay firms to gain unprecedented access to their various services within China. 

Tim Bos, CEO of ShareRing, commented that access to a number of blockchains for interoperability through BSN’s network would connect its products and services to enhance the ShareRing Ecosystem’s adoption. 

On top of that, the BSN will give many developers, corporations, and blockchain projects unrestricted and low-cost access to leverage ShareRing’s Enterprise Ready dApps, blockchain products and services. 

Digital Identity Management Protocol (ShareRing ID), Payment Infrastructure Systems (ShareRing Pay), dCommerce Platform (ShareRing Shop), asset management, rental, and reward protocols are said to be planned to integrate. He added that: 

“We anticipate our protocols to be widely utilised within fast growing smart city projects. Furthermore, we are also looking forward to leveraging the relationship with firms such as China Union Pay to gain unprecedented access to their various services within China.”

Anatoly Yakovenko, the CEO, Co-Founder of Solana, told Cointelegraph that Solana is a single-chain, Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security. A primary reason BSN wanted to partner with Solana is that the network is highly scalable. He added that:  

“Solana is excited to be part of BSN and provide convenient access for developers to work with BSN’s infrastructure.”

BSN is reportedly exploring the collaboration with COSMOS and Polkadot to build its Interchain Communications Hub (ICH) at the moment, which we want to become a standard protocol for dApps from different chains to call each other with several lines of codes. 

As Cointelegraph previously reported, BSN added Chainlink’s data oracle in June this year and planned to integrate with 40 public blockchain networks by next year.

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