China’s national blockchain project adds Polkadot support

Published at: Nov. 26, 2020

Chinese government-backed blockchain initiative, the Blockchain Service Network, or BSN, is introducing support for another batch of major blockchain protocols. On Nov. 26, it announced that it will integrate Polkadot, Oasis and Bityaun into its ecosystem on Nov. 30.

Polkadot's blockchain protocol is designed to connect multiple specialized blockchains into one unified network. Polkadot also enables processing of numerous transactions on several chains in parallel, bringing another level to its network capacity. Oasis specializes in private and scalable decentralized finance tools, while Bityuan is a blockchain solutions provider to Chinese companies.

Yifan He, CEO of Red Date Technology and executive director of the BSN Development Association, reportedly said that the Bityuan framework is becoming increasingly popular in China, stating:

“I am seeing commercial use cases built on the Bityuan framework are surging in China recently. I believe with this integration BSN will get developers around the world to be excited about building dapps that are enterprise-based and commercial oriented.”

The latest blockchain addition represents the third batch of blockchain protocols supported by the BSN network. Piloted in 2019, the BSN rolled out its first set of blockchains including Ethereum and EOS in August 2020, with other networks like Algorand coming as part of the second batch.

As previously reported, the integration of new blockchain protocols allow global developers to access a certain network through the BSN’s global public city nodes and portals. In order to deploy and manage their own permissioned chains on the BSN International, developers should create an account on the official website.

Tags
Technology
Blockchain
China
Government
Polkadot
Developers
Related Posts
China Officially Recognizes Blockchain Jobs as New Occupation
The ongoing coronavirus pandemic is transforming blockchain companies, and its impact is not always negative for the blockchain industry. Amid the latest coronavirus crisis-fueled changes, China is taking another step toward blockchain adoption to officially recognize industry jobs. China’s Ministry of Human Resources and Social Security, or MOHRSS, is the ministry responsible for national labor policies and regulations. Recently, they have added blockchain-related jobs to a list of officially recognized jobs. New occupation types are officially introduced to promote employment amid COVID-19 According to a May 11 statement by the MOHRSS, blockchain-focused professions, like tech developers, engineers, and analysts, are …
Adoption / May 14, 2020
Our Man in Shanghai: Huobi to become Grayscale of Asia, Yao Ming’s NFT wine and more ...
This weekly roundup of news from Mainland China, Taiwan and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency-related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major institutional investors into the space with a product that feels familiar. The fund and asset management company is set …
Technology / April 30, 2021
China Highlights Blockchain in Pandemic Preparedness Strategy
Chinese authorities are trying to strengthen their epidemic preparedness and have identified blockchain as a key component of the response. The Chinese Circular of the National Health Commission released its plan on June 30 on how to ramp up its information technology support amid future pandemics. One component of the strategy is the use of blockchain technology for enhancing data sharing among medical institutions. Data sharing is key The Commission is urging local health departments to promote data sharing and collaboration between online hospitals and physical medical institutions. It says that Blockchain technology should be implemented to achieve the safe …
Technology / June 30, 2020
China’s Central Bank Wants to Speed Up Blockchain Adoption
The People’s Bank of China, or PBoC, Financial Technology Committee held its first meeting of the year this week. During the meeting, the central bank’s deputy governor, Fan Yifei, urged that the country’s blockchain adoption strategy be accelerated. According to a report released by Sina on May 13, the bank’s deputy governor met with both PBoC officials and the heads of their affiliated financial companies. During the talks, Fan highlighted the importance of the blockchain and fintech industries, openly seeking to ensure that the country’s adoption plan will be successfully implemented by its established 2021 deadline. Digitization of the national …
Adoption / May 13, 2020
China: Loudi City Mayor Promotes Blockchain to Fight Crime
The mayor of Loudi, a city in China’s Hunan province, has characterized blockchain technology as a powerful “weapon” that can effectively tackle crime. At a meeting of Loudi’s Municipal Public Security Bureau on Aug. 10, Mayor Yang Yiwen responded to reports on the progress of a trial blockchain project that is currently being conducted by the bureau and a local technology firm. The project combines blockchain technology with multi-party computing and big data to improve trusted data exchange and information traceability across a collaborative network. This network unites telecommunication network operators, banks and public data from various municipal departments, such …
Adoption / Aug. 10, 2020