Cosmos (ATOM) Joins Forces with China’s Blockchain Service Network (BSN)
- China-only Blockchain-based service network (BSN), China’s blockchain infrastructure project, announced the addition of Cosmos (ATOM) blockchain to its network.
In a tweet sent out this Monday, Chinese permissioned blockchains, BSN open permissioned blockchains (OPBs) announced they’ve adapted the first batch of networks, “Wechang chain” based on the Cosmos blockchain and Tai’an chain based on FISCO BCOS.
On February 1st, 2021, the first batch of BSN Open Permissioned Blockchains (OPBs), Wenchang chain based on COSMOS/IRISnet SDK and Tai'an chain based on FISCO BCOS, is available on BSN OPB Portal (CN). https://t.co/w0Llehilaw pic.twitter.com/ZQqw13tdwp
— BSN (@bsnbase) February 1, 2021
The Chinese only blockchain service network only permits permissioned enterprise blockchains, which differs from the global version which supports any blockchain.
China’s BSN is aiming to promote permissioned blockchains interoperability and improve the efficiency of transacting across them hence the move to add Cosmos. The integration might of Cosmos, a multi-chain system focused on completing cross-chain value transfer, could be a major step in transacting digital assets and data across permissioned enterprise blockchains.
Moreover, Cosmos is also well regulated under China’s laws and will help keep China’s BSN and the BSN international community in check.
The BSN international community has been growing in the past few years adding Ethereum, Tezos, Nervos, Neo, EOSIO, and IrisNet (developed by Chinese blockchain startup Bianjie, also the creator of Wenchang Chain) in September 2020. More blockchain was added later in the month including Solana, Algorand, and ShareRing with a plan to add over 40 blockchains by summer.