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China is getting ready for global dominance and wide usage of national blockchain

[vc_row][vc_column][vc_paragraph text=”China has already established itself as a blockchain leader, and on April, 25 it is going to strengthen its positions by launching a national BSN blockchain network.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”PRC – undisputed leader of blockchain industry” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”When China president Xi Jinping called for the adoption of blockchain in 2019 few people knew that his government was working at one of the largest blockchain infrastructures.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”BSN has been running since last year, and the government has attracted telecommunicating companies, financial giants and technological firms.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”After a few months of testing, the network will finally be presented on April, 25.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Leon Lee, founder and CEO of Huobi Group, took part in beta testings, and his company was one of BSN founders.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”He described the project as “BSN was created for consolidating the fragmented market and presents a public cross-cloud, cross-portal and cross-platform network that enables developers to easily create, fulfill, support and use different applications and nodes with authorized and non-authorized blockchains”.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Could Chinese crypto policy change now?” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”1088″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”While most people consider China to be a digital currency antagonist, it has been actively implementing blockchain over the recent years, and Chinese companies have become the leaders in the number of patent applications connected with blockchain. And now all of the attempts are united in one revolutionary chain. Government aims to spread it at the international level once it has proved the system’s scalability within the country.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Lee confirmed that infrastructure had been developed, “We have implemented some of nodes in other countries such as USA, Japan, Australia, Brazil, South Africa, Singapore and France”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”BSN has also mobilized a great number of participants. According to the official statement, the beta-testing that started last October involved 2000 enthusiasts.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”One third of them were companies, and the rest were the individual blockchain researchers.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The network will depend on public city nodes, and the Chinese telecommunicating services have helped to register 100 nodes. This number may double by the end of the year. Besides, BSN has also integrated some of the approved blockchains into the network that is freely accessible. Among them there are Hyperledger (popular corporate blockchain with an open source code) and Xuper Chain, a protocol of blockchains developed by Baidu search system.”][/vc_column][/vc_row]

What is NFT and how it works - image

What is NFT and how it works

The craze for buying digital assets and NFT works of art is now very widespread. Although due to its current ...