First announced in October 2019, China’s Blockchain Service Network, also known as BSN, is aimed at providing a global public infrastructure designed to support both private and public blockchain networks across interconnected cities.
According to the BSN introductory white paper, the project serves as an “information infrastructure” designed to advance the development of smart cities for the emerging digital economy. The white paper also explains that the goal of the BSN is for cities to build one or more public city nodes that are linked via the internet to form a nationwide — and eventually, worldwide — physical city node blockchain service network.
Predicted to languish globally over time
Although ambitious, China’s BSN appears to be making progress since its launch one year ago. For example, the BSN officially became available for global commercial use in April this year. The initiative is backed by the Chinese government policy think tank, The State Information Center, along with major players involved