IRITA interchain service, IRITA Hub , has launched at BSN
On October 31, the Blockchain-based Service Network (BSN) and Bianjie announced that the IRITA interchain service, IRITA Hub, has officially launched at the BSN’s Interchain Communications Hub (ICH). IRITA Hub is a proprietary interchain service product along the IRITA consortium blockchain product line developed by Bianjie. It can support the cross-chain interoperability among various consortium blockchains in the BSN ecosystem such as Hyperledger Fabric and FISCO BCOS, and also support the cross-chain interoperability between consortium blockchains and public chains such as Ethereum and IRISnet in the BSN International. At the same time, IRITA Hub is able to support access to off-chain trusted data on oracles such as Chainlink, providing the important and indispensable technical basis for BSN to become the “Internet of the Blockchains”.
The BSN is a cross-cloud, cross-portal, cross-framework blockchain-based global infrastructure, supported and founded by State Information Center of China, China Mobile, China UnionPay and other organizations. The interchain service is a core component of the BSN technical system, which aims to enable data to communicate among various heterogenous underlying frameworks of blockchains, and therefore achieving low-cost, convenient and reliable interchain communication.
IRITA has core technical advantages such as supporting interoperability among heterogenous systems (iService) , strong protection on privacy through data encryption, the efficient consensus protocol and technical support based on big data. IRITA’s infrastructure is highly modular and can be flexibly customized to serve various business scenarios in the fields of finance, healthcare and supply chains. IRITA Hub is the interchain service hub that is designed to support the trusted interconnectivity and interoperability between heterogenous systems. It aims to offer an interchain service platform, which is highly secure, fast, scalable, cross-chain, easy to use, and multi-functional. This will lay the foundation for trusted-data exchange and computing between different consortium blockchains and public chains, and last but not least on-chain and off-chain interactions.
IRITA Hub’s integration is an essential step for the BSN’s ICH to achieve interconnectivity and interoperability among blockchains at the system level. It should be emphasized that IRITA Hub will make reliable communications between blockchains in the BSN network and external networks.
Through the integration of IRITA Hub on BSN’s ICH, any Service Providers available in platforms such as Fabric, FISCO BCOS, Ethereum and IRISnet can mutually use the services provided through the network via iService. In the future, the interchain services can support more blockchain systems by adapting more consortium blockchains and public chains through the relayer; no matter which blockchain ecosystem the Service Provider is in, they are able to flexibly call services with the assistance of IRITA Hub.
In the near future, BSN will gradually enable the interchain Service Consumer function for developers so that the existing consumer contracts can be utilized to achieve intended functions; in addition to this, developers can also try to develop consumer contracts to call existing services. Also, BSN will enable the interchain Service Provider function for selected developers, allowing them (according to the guidelines) to develop their own Service Provider contracts and define as well as bind on BSN’s ICH so that other consumers can use them.
To conclude, in the future, BSN and Bianjie will also continue to collaborate in three aspects as the improvement of the interchain service function, the creation and implementation of developers’ tools and the introduction of concrete commercial applications that will consequently lead to an increase in use-cases for the network itself. To be more specific, BSN and Bianjie intend to: 1) extend the iService function and IBC (Inter-Blockchain Communication) protocol based on IRITA Hub; 2) provide new tools to simplify the difficulties of defining, binding and releasing services for developers so that they can save time and resources by investing in other strategic areas such as business applications and logistics; 3) encourage developers and corporations to focus on improving and maturing their services and further enriching the usage scenarios as well, meeting the service needs of different blockchains.
