China’s Nationwide Blockchain Network Is Rolling out in April

Six months after its was released for beta testing, China’s nationwide blockchain network – the Blockchain-based Service Network (BSN) – is ready to launch.

The CoinTelegraph reports that China’s BSN project is slated to launch in April. Tang Sisi, deputy chief of the State Information Center’s (SIC) smart city unit, purportedly unveiled the news at the China Ur­ban Reg­u­la­tion In­no­va­tion Fo­rum.

The BSN was developed by a group of institutions including the SIC, China Mobile and China UnionPay. It is set to involve a total of 400 enterprises and 600 developers.

Originally piloted in city of Hangzhou, the interregional public infrastructure network aims to support new blockchain projects by slashing the technical and economic costs related to developing blockchain adoption. It was also created to aid the development of smart cities and China’s digital economy.

Photo: Max Braun