On September 1, BSNbase announced that it has partnered with the Korean blockchain high-tech company MetaverseSociety to launch the Korean BSN portal operator in November, supporting Korean developers to quickly and efficiently build and operate blocks through its localized BSN platform Chain application.
This is the first time it has been established outside of China, the BSN portal operator. Blockchain-based Service Network (BSN), backed by the Chinese government’s State Information Center (SIC) and Red Date, China Mobile, and China UnionPay, officially launched in April 2020.
The issue of high cost is hampering a global public infrastructure network establishment used to deploy and run blockchain applications across cloud services, portals, and underlying frameworks.
Currently, BSN has established or is establishing 128 public city nodes globally. By joining BSN, enterprises can spend 20% of traditional blockchain cloud services to complete on-chain operations and start operations.
The CEO of Red Date Yifan, added that:
“The BSN makes the cost of creating and running applications exceptionally low, with the added benefit of multi-frameworks and interoperability, and larger customer bases.”
The BSN project is currently split into BSN China and BSN International, led by Red Date.
David DoYoen Kim, CEO of MetaverseSociety, said that in the medium to long term, more public institutions and large companies will use private BSN and revealed that:
“BSN will strengthen trust and increase efficiency in the linkage and utilization of global blockchain-based systems.”
MetaverseSociety announced on April 27 this year that the MarX project, a Korean-based project aiming to capture the market of NFT and DeFi, is now fiercely expanding.
Image source: Shutterstock