China’s BSN Integrates Polkadot, Oasis, and Bityuan Into its Network
Chinese leading blockchain infrastructure provider Blockchain Service Network (BSN) has added three more blockchain networks into its network. According to an announcement made recently by the Chinese government-backed BSN, the cross-chain blockchain protocol Polkadot, the China-based public chain initiative Bityuan, and the privacy-enabled scalable blockchain network Oasis are the three protocols that have been integrated into the network of BSN.
It is a significant development made by the BSN network by making these new additions. While sharing his view on this development, the Executive Director of BSN Development Association Yifan He said in a statement:
“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.”
This integration with BSN will be beneficial for the developers of the Polkadot blockchain as they will be able to connect to its public chain. It will also prove beneficial for the developers of the other two blockchains Bityuan and Oasis as well. Bityuan serves as an innovative blockchain solutions provider for the companies of China. While on the other hand, developers usually utilize the platform of the Oasis network for developing scalable and private decentralized finance apps.
While talking about the privacy features of the Oasis network, the Director at the Oasis Foundation Jernej Kos said that these privacy features may help in creating Tokenized Data which is a new kind of digital asset which lets users stake their asset holdings and earn rewards for it. Moreover, Tokenized Data will let users control their data on their own.
With the addition of these three new blockchain networks, the leading blockchain infrastructure provider of China is planning the expansion of its network portfolio further. Providing a centralized blockchain framework and bringing major blockchain networks in one place is the main mission of BSN. Prior to the addition of Polkadot, Oasis, and Bityuan, BSN has already added various top blockchain networks. At the beginning of the present year, it integrated the world’s second-largest blockchain network Ethereum, the decentralized open-source blockchain network Tezos, the open-source blockchain platform EOSIO, the open-source blockchain decentralized app platform Neo, and IrisNet.
This move indicates that China is progressing well with its mission of becoming a leader in the digital transformation of the global economy.
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