Blockchain Service Network Integration: Polkadot, Oasis, and Bityuan Join China’s Ambitious Blockchain Project

Blockchain Service Network Integration: Polkadot, Oasis, and Bityuan Join China’s Ambitious Blockchain Project

The Blockchain Service Network (BSN), a groundbreaking initiative backed by the Chinese government, has taken a significant leap forward by integrating Polkadot, Oasis, and Bityuan into its framework. This move underscores BSN’s commitment to creating a unified blockchain ecosystem that fosters global collaboration while adhering to China’s strategic vision for digital transformation.

What is the Blockchain Service Network?

Launched in 2019, the Blockchain Service Network is China’s most ambitious blockchain project aimed at positioning the country as a global leader in the digital economy. BSN offers a centralized framework for developers to build and operate decentralized applications (dApps) seamlessly.

• Domestic and International Reach:
  In July 2023, BSN launched its international version to enable developers worldwide to leverage its infrastructure for creating innovative blockchain solutions.
• Government Backing:
  With strong support from Chinese regulators, BSN seeks to align blockchain development with the country’s policy objectives.

Recent Integrations: Polkadot, Oasis, and Bityuan

The latest integration of Polkadot, Oasis, and Bityuan marks a pivotal step in BSN’s journey to consolidate top blockchain networks under one umbrella.

• Polkadot:
  Known for its advanced cross-chain protocol, Polkadot allows different blockchains to communicate and share information seamlessly. By joining BSN’s Open Permissioned Blockchain Initiative, Polkadot developers can now connect to BSN’s public chain infrastructure while complying with Chinese regulations.

• Oasis Network:
  With a focus on privacy-preserving smart contracts, Oasis brings enhanced security and scalability to BSN’s ecosystem, appealing to enterprises seeking robust blockchain solutions.

• Bityuan:
  A blockchain initiative designed for Chinese enterprises, Bityuan supports the country’s focus on developing localized blockchain solutions that align with regulatory standards.

Expanding BSN’s Blockchain Portfolio

The integration of these three networks builds upon BSN’s existing robust portfolio, which already includes Ethereum, Tezos, Neo, EOSIO, and IrisNet. By bringing together a diverse array of blockchains, BSN aims to create an interoperable and developer-friendly environment.

Key Features of BSN’s Framework:

1. Centralized Blockchain Infrastructure:
   By centralizing blockchain operations, BSN provides a unified platform that simplifies development and deployment processes.

2. Regulatory Compliance:
   The Open Permissioned Blockchain Initiative ensures that decentralized public chains operate within the bounds of Chinese regulations.

3. Global Collaboration:
   BSN’s international network fosters cross-border collaboration, enabling developers worldwide to contribute to its ecosystem.

How Does the Integration Benefit Developers?

For blockchain developers, BSN’s integration of Polkadot, Oasis, and Bityuan offers several advantages:

• Enhanced Accessibility:
  Developers can now access BSN’s centralized infrastructure, reducing the complexities of building decentralized applications.

• Regulatory Clarity:
  The Open Permissioned Blockchain Initiative provides a clear framework for developers to operate within China’s regulatory landscape.

• Interoperability:
  Polkadot’s cross-chain capabilities enable seamless interaction between various blockchains, fostering a collaborative environment.

China’s Vision for Blockchain Dominance

BSN’s rapid expansion aligns with China’s broader goals of becoming a global leader in blockchain technology. The country envisions blockchain as a cornerstone of its digital economy, driving innovation across sectors like finance, supply chain, and public services.

Conclusion

The integration of Polkadot, Oasis, and Bityuan into the Blockchain Service Network marks a significant milestone in China’s blockchain journey. By unifying leading blockchain networks under a centralized framework, BSN is not only accelerating innovation but also setting the stage for global collaboration in the digital economy.

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