The Zhejiang district in China has laid the foundation for the Blockchain Service Network, (BSN) the country’s ambitious nationwide blockchain project, as per local reports this week.
For starters; 135 public nodes are reportedly active in the province — affirming to China’s broader Five-Year-Plan that heavily features blockchain technology.
Chainlink oracles form a major part of the BSN, supplying real-time data to the protocol as noted on a release last month. LINK, however, does not feature.A blockchain “backbone”
Weixin said Monday the first provincial blockchain “backbone” was launched over the weekend, in an event attended by Chinese diplomats, think-tanks, and a prominent media organization.
The Yuhang District Future Science and Technology City, a tech-forward district in Hangzhou, China, will establish in-depth strategic cooperation with local firms to promote, popularize, and develop blockchain-based projects to serve the public.Officials at the launch of the backbone. (Source: Weixin)
Applications include providing “convenient” and low-cost one-stop “blockchain environment services” to individual users. Hangzhou Mobile is one of the partners, indicating there are will be some telecommunication-centric blockchain services.
Touted as the “blockchain internet,” the backbone is part of the Blockchain Service Network; a major Chinese project that aims to bring internet-enabled blockchain services to the general population.
As CryptoSlate reported last week, Chainlink’s smart contracts and oracles, and Ethereum’s smart contracts were singled out by China as two of many public platforms it shall use to establish the BSN.1/ I’ve been informed by multiple sources that China's BSN is going to be integrating with public blockchains, the first of which are @ethereum and @NervosNetwork. This is kind of a big deal. Thread. 👇 — Haseeb Qureshi (@hosseeb) June 28, 2020 Provincial blockchains to power cities...