Cosmos-tech-based Spartan Network is Live to Serve Enterprise Use Cases
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On September 6, 2022, the Blockchain-based Service Network (BSN) announced the beta launch of the BSN Spartan Network, a public infrastructure network to provide blockchain services to any IT system globally. The network initially launched with three non-cryptocurrency public chains, using Ethereum, Cosmos and Polygon Edge technologies respectively. Individuals and companies can set up data centers on the BSN Spartan Network anonymously and pay gas fees on public chains using fiat currency or fiat-backed stablecoins such as USDC.
At the BSN Spartan Global Summit, leading enterprises such as HSBC, Emperor Group, FUJIFILM, Maxim’s Group, and Lan Kwai Fong Group presented BSN Spartan Network use cases.
Harrie will lead the dev team to operate the Cosmos-tech-based Spartan Network, and use it to serve business use cases for global users. She virtually attended the Summit and also joined a panel session.
In the discussion, Harriet shared insights regarding decentralization, the relationship between BSN-DDC and BSN Spartan, security and more.
The following content is transcripted from the panel:
“At the core of blockchain is its underlying technology”, Harriet emphasized, “Crypto-currency is just one use case of blockchain technology, but since it grows at such a fast pace, people often forget the core function of blockchains — — distributed ledger bookkeeping without crypto-currencies. One example is that enterprises have been using consortium blockchains for many years to accommodate their business needs.”
When talking about decentralization, Harriet illustrated that it’s important to understand in the first place that there’re different levels of decentralization. “Spartan is an open-source public network, so if talking about the number of the bookkeeping validation nodes in Spartan, today it may not be as decentralized as those cryptocurrency-based public chains which have been launched for years. Actually, even in the cryptocurrency-based public chain space, Ethereum and Cosmos are more decentralized than Solana, but they are all highly innovative networks providing value to the whole industry. Therefore, it is a belief that with the open governance design, we’ll see an increasing number of bookkeeping nodes joining Spartan, and the network will become more and more decentralized and grow fast to demonstrate its value with emerging enterprise use cases.”
“The BSN-DDC network is like the precursor of the Spartan network”, Harriet addressed, “The radical of DDC and Spartan lies in the combination of openness from public chains and compliance support from consortium chains. Leveraging between openness and compliance is not easy. We were facing countless unique technical challenges, which alone can serve as another independent session, and we’ll leave this part to later discussions.”
We’ve already accumulated a bunch of successful DDC-powered use cases. Today the BSN-DDC Wenchang Chain has supported more than 1200 live applications. One outstanding use case is the collaboration with CircleSquare in supporting La Prairie’s new product launch in China a few months ago. This digital campaign also combines digital human AR technology to improve customer engagement. Another use case was the collaboration with Poly Art in supporting the TaiKoo Li shopping mall event, where users can customize and real-time create their digital avatar in the metaverse and interact with the digital screen in the mall, as well as socialize with other shoppers, providing a really fun experience.
Moreover, we are currently collaborating with a public company in replicating this type of on-chain and off-chain digital screen interactions. Through these efforts, we are looking forward to building more innovative use cases with Spartan users globally.
Blockchain security can be achieved in different ways besides the necessary secure consensus algorithms. For Public chains, the higher the degree of decentralization, the higher the security level. For consortium chains, the permission control of the bookkeeping nodes and professional management data center operators are providing support to the network security — — Spartan combines all good features from both.
Spartan adopted the well-tested consensus algorithm from public chains. Access to the distributed ledger is open for everyone in a permissionless manner. However, the bookkeeping nodes are operated by professional enterprise-grade data center operators. Also, as discussed earlier, the Spartan network has just taken off, it welcomes more bookkeeping validation nodes, and is going to be more and more decentralized with every day passing by. So we sincerely invite more interested parties to join us in building this open infrastructure.
