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China’s Blockchain network BSN to Release Infrastructure to Support NFTs from this Month

Launched in April 2020, BSN aims to provide individuals, small and medium enterprises (SMEs), and large enterprises with easier and more flexible access to blockchain technology. It was jointly created by the Cyberspace Administration of China, China Mobile, UnionPay, the Blockchain Service Network Development Association, etc., with the aim of reducing application costs and technical barriers to the blockchain, and promoting information exchange. resources used therein. 

The new portal will allow blockchain developers to build BaaS applications using BSN’s global portal, which activates major blockchains such as the Ethereum network, Algorand, Polkadot, Tezos, ConsenSys Quorum, Corda, and more.   

China’s all-new BSN-DDC for NFT

The China-backed blockchain community will roll out infrastructure this month to help NFTs that are not hyperlinked to China’s banned cryptocurrencies, the South China Morning Post reported on Thursday. 

He Yifan, a BSN expert and CEO of Beijing Red Date Technology, said when talking about the addition of ChainLink, the cooperation between the two companies will provide external data of many Chinese companies, such as financial transaction information of China UnionPay, which is quite good. Hard.

    

The development of blockchain will further develop new technologies such as artificial intelligence (AI), big data, cloud computing, the Internet of Things, and other information technologies in China, and thus expand their potential applications. Cloud mining can help create economies of scale and help these companies realize untapped potential.   

ShareRing is proud to join Ethereum, Neo, and Tezos as BSN’s newest partners,and was selected for its low-cost, modular infrastructure, which the company says has great potential to improve access to blockchain technology. In a press release provided by CryptoSlate, the company revealed that ShareRing adding that joining the network is a testament to the company’s potential in the blockchain industry and beyond. 

Red Date Technology, a Chinese company that operates a blockchain-based service network (BSN), announced today that it plans to fully deploy a non-fungible token infrastructure (NFT) by January 2022. Based on the innovative application technology of blockchain, many people expect NFT to be used for digital asset transactions in entertainment industries such as art and games.    

 

NFT market thrive despite the tough regulatory environment

 

In February, Cosmos became the first public blockchain added to BSN China. TON is the newest public blockchain that has impressed the licensed BSN China. Red Date Technology, the architect of the BSN project, has signed an agreement with the Turkish consulting firm Turkish Business Matching Center (TUCEM) to launch two international BSN portals in Turkey and Uzbekistan at the end of December 2021. Red Date is also responsible for developing the software architecture for BSN International, a global version of the network that promises greater compatibility with relevant blockchain regulations and laws around the world. 

 Supported by Cosmos / IRISnet interoperability technology and the evolving cross-chain NFT in the Cosmos ecosystem, NFTs of art will not only circulate in the WenChang chain environment but can also be cross-chained between different blockchains.

Conclusion

BSN was jointly created by the Cyberspace Administration of China, China Mobile, UnionPay, the Blockchain Service Network Development Association, etc., with the aim of reducing application costs and technical barriers to the blockchain, and promoting information exchange.

 

The new portal will allow blockchain developers to build BaaS applications using BSN’s global portal, which activates major blockchains such as the Ethereum network, Algorand, Polkadot, Tezos, ConsenSys Quorum, Corda, and more.

 

 

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