China launches its Blockchain-based Service Network for commercial use

Six months after the beta test launch, China’s Blockchain-based Service Network — or BSN — is now officially available for global commercial use.

The BSN is a global infrastructure to help blockchain projects create and run new blockchain applications for a lower cost. It also aims to accelerate the development of smart cities and the digital economy.

More than 2,000 developers tried BSN in the six months since its beta release on October 15, 2019. The developers on BSN created applications to aid public welfare charity, item traceability, and electronic invoices.

Shan Zhiguang, chairman of the Blockchain Service Network Development Alliance, stated that the network currently has 128 public nodes. 76 of these nodes are in China, 44 are under construction, and the remaining 8 are overseas city nodes, which cover six continents. By the end of 2020, Zhiguang revealed, they plan to have at least 200 nodes in the network.