Allowing the Chinese National Blockchain Service for global access and use
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Answer Allowing the Chinese National Blockchain Service for global access and use
China National Blockchain Platform, which is a blockchain-based service network with the acronym “BSN”, has been launched.
It will allow the use of the “BSN” platform worldwide, according to what announce it Chinese government officials and other key figures in Chinese sectors at a meeting on April 25.
The BSN platform aims to help organizations around the world easily develop and launch private blockchain applications.
BSN also significantly reduces the cost of deploying these blocks, as typically, developing a regular blockchain consortium costs nearly CNY 100,000 (more than $14,100).
With BSN, the price drops to between 2,000 and 3,000 yuan, which is between $282 and $423.
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The meeting was attended by Director of the State Information Center Liu Yunnan, Vice President of China Mobile Communications Li Huidi, Executive Vice President of China UnionPay Co., Ltd. Tu Xiaojun, and Party Committee Secretary Yi Zhenzhen. .
China began testing the BSN pilot platform on October 15, 2019.
Since the start of beta testing, more than 2,000 blockchain developers have worked on the platform.
Blockchain applications created and their use range from electronic invoice document activities to charitable activities…
According to Mr. Shan Zhiguang, president of the Blockchain Service Network Development Alliance, there are 128 public nodes on the network.
Of these, 76 are in China, eight are in other cities across six continents, and 44 are under construction.
He says that BSN hopes to have at least 200 nodes before the end of 2020.
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