announce Project NEO joins BSN, China’s blockchain-based service network.

BSN is part of a Chinese government initiative designed to promote blockchain integration and adoption in enterprises, small businesses, and local government.

Project NEO has joined the first batch of public blockchain platforms partnering with BSN and aiming to become one of the technical pillars of this service network.

Neo enters into several partnerships related to the development of the blockchain:

The collaboration between the two entities (NEO and BSN) is part of NEO’s broader vision of establishing platform-neutral relationships across various sectors, a strategy recently presented by NEO to join the InterWork Alliance as a founding member alongside Accenture SDX and Microsoft.

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When NEO joined BSN, one of NEO’s founders, Da Hongfei, stated:

NEO is fundamentally committed to achieving a neutral world via this platform and fully digitizing it to overcome the limitations of our current model.

As such, we look to overcome the challenges of mainstream blockchain networks while promoting cross-industry collaboration.

Working side by side with our partners, I am confident that we will achieve mass adoption of blockchain and build the smart economy of the future.

What is the BSN Initiative?

BSN is a global public infrastructure network that operates via cloud storage and through gateways and frameworks used to deploy and operate all types of blockchain applications.

A BSN is formed by connecting all cloud resources and data centers using a set of blockchain operating environment protocols.

BSN is very similar to the Internet which is a network consisting of cloud and data centers using TCP/IP protocols, so BSN aspires to emulate a similar architecture with cloud and data centers via the protocols of a blockchain operating environment.

BSN also aims to reduce the costs of development, deployment, operation, maintenance, communication and supervision of blockchain applications.

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Currently, the participants in the BSN infrastructure include many names that aim to develop the blockchain further, including:

“Hyperledger Fabric”, “FISCO BCOS” and “Baidu’s Xuperchain”.

In addition, BSN has partnered with the China State Information Center, UnionPay and China Mobile.

Along with the NEO project, BSN supports the public EOS, Ethereum, Tezos, Nervos and IRISnet networks.

Compared to its competition in the market, BSN says it reduces the operating costs of its blockchain applications by 80%, by roughly $150-$300 annually.

In addition, the network aims to reduce entry barriers for dApp development by reducing the need to learn specific programming languages ​​related to the blockchain.

The BSN Global Gateway is scheduled to launch on August 10, at which point users will be able to integrate with new nodes on both the beta network and the BSN mainnet.

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Public blockchain services will only be available on portals hosted outside of China.

Support for new technologies:

By partnering with Project Neo, BSN aims to provide high performance and will provide front-end systems with access to neo-blockchain development packages and nodes to further improve development efficiency.

Both entities (BSN and NEO) share a common vision of mass adoption by creating a smarter economy.

BSN and NEO intend to do this by removing barriers to the development of blockchain-based solutions and creating a smoother development experience.

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