Decentralized Smart Contract Platform, Cypherium, Joins China’s BSN to Boost Blockchain Development

China’s BSN aims to boost its network services by integrating Cypherium blockchain, a statement from the team reads.

The partnership aims to build the overall blockchain systems and allow developers to access development tools and deploy their decentralized applications. China’s BSN is a platform that runs through cloud-based services and nodes, and it has so far integrated several blockchain systems, including Ethereum, Cosmos, Hyperledger Fabric, Tezos, ConsenSys Quorum, and Solana, and others.

Launched in 2019, Cypherium aims to enable the trustless and decentralized transfer of crypto and digital assets, including central bank digital currencies, stablecoins, and Bitcoin. As a permissionless blockchain, the platform allows users to participate in governance and stake their assets for rewards. Once it is launched on China BSN, the platform will only allow for “open permissioned” chains to comply with Beijing’s regulations.

China’s BSN recently announced that one of its founders, Red Date Technology signed an exclusive agreement with MetaverseSociety to operate the BSN portal in Korea, which will launch in November.