7 APR 2020 • 3 minute read
It’s now just two weeks until the Bitcoin halving and the price is back at levels not seen since the Black Thursday crash. It also looks like blockchain as a technology is beginning to take off, with many of this weekend’s top stories reporting major initiatives from across the globe. Read on.
China’s long-awaited Blockchain Services Network (BSN), aka ChinaChain, was finally opened for global commercial use yesterday. Six months after its beta test, Chinese government officials and various heads of organisations gathered in Beijing to announce the public launch.
The BSN is a global infrastructure to help blockchain projects create and run new blockchain applications for a lower cost. The BSN also aims to accelerate the development of smart cities and the digital economy. The network is financed and built by a consortium of China’s biggest telcos and banks, including China Mobile, UnionPay and State Information Center.
The nodes connect 128 cities across China, with 7 in place internationally, including Paris, Sydney, San Paulo, Singapore, Tokyo, Johannesburg and California (no city was specified.) It’s got promise, but will it fulfil it?