The China-backed Blockchain Service Network (BSN) is expanding to South Korea.
The China-backed Blockchain Service Network (BSN) is expanding to South Korea, the company announced on September 1. For this purpose, the BSN is now cooperating with the South Korea-based company MetaverseSociety Corp. The project offers blockchain-as-a-service services to developers. Red Date Technology is behind BSN.
In addition, BSN has been able to gather all kinds of supporters, such as some state Chinese authorities, China Mobile, China UnionPay and the state information center of China. Jack Ma will also have felt that you need the support of the Chinese state to be successful in the Middle Kingdom. Because it wasn’t until April that his company, Alibaba, was fined billions of dollars condemned.
Exclusive BSN portal in South Korea
As part of the partnership between BSN and MetaverseSociety Corp, the latter company will set up an exclusive BSN portal in South Korea. The portal is designed to enable blockchain developers in South Korea to create blockchain applications quickly and efficiently. The Blockchain Service Network gives developers easier access to blockchains, such as Neo, Tezos, Ethereum or Hyperledger. In addition to the blockchains mentioned above, programmers can also access cloud services such as Amazon or Google directly. On the website The project states that BSN is a “one-stop shop” for dApp developers to provide public and private blockchain applications. In addition to the new location in South Korea, the project has branches in Hong Kong and Macau.
Tim Baile, Vice President at Red Date, told forkast.news:
The Blockchain Service Network’s mission is to make blockchain application development much easier and more affordable for businesses.
Yifan He, CEO of Red Date, also spoke to the news portal:
The Golden Age of the Internet was only made possible by reducing the cost of building websites to near zero. The BSN makes the costs of creating and running applications on the blockchain exceptionally low, with the added benefit of multi-frameworks and interoperability between different blockchains (…).
China and the blockchain – an ambivalent game
The Middle Kingdom last made a name for itself when it banned Bitcoin mining on a large scale. But China has by no means completely turned its back on blockchain technology or digital assets. The current partnership between BSN and the company MetaverseSociety Corp. shows that China recognizes potential in blockchain technology. Perhaps the most populous country in the world is simply about one thing: control. Bitcoin cannot be controlled as well as a state-regulated digital yuan.