Blockchain-based Service Network

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The Blockchain-based Service Network (BSN) is a backend architecture in China for developing and managing blockchain-based applications,[1] split into Chinese and International uses.[2] BSN China was established in 2018 and launched in 2020 by the State Information Center under the National Development and Reform Commission of China, China Mobile, China UnionPay(state-owned payment and settlement provider), and a technology architect.[1][3] BSN International operates under the Singapore-based BSN Foundation.[2]

The BSN integrates blockchain frameworks and cloud service providers to build the underlying development and production environment,[4][5] where enterprises, governmental bodies, and financial institutions can build Blockchain-as-a-Service Systems and blockchain applications while being compliant with China's regulations of non-cryptocurrencies.[6][7] China's state-level decentralized identifier system, China RealDID, is deployed on BSN China.[8]

As a digital infrastructure along the Belt and Road Initiative, the BSN works on interoperability across blockchain systems[9] and develops a public IT system/multi-party system concept that uses blockchain as an operating system, including permissioned and permissionless blockchain infrastructures.[10] 

On November 8, 2023, BSN was listed in a US House of Representatives proposed bill aimed at preventing US federal agencies from utilizing China-developed blockchain networks or engaging with related companies due to national security concerns.[11]

See Also[edit]

References[edit]

  1. ^ a b Raud, Mikk; MacKinnon, Eli (2022-03-08). "China's Digital Currency and Blockchain Network: Disparate Projects or Two Sides of the Same Coin?". DigiChina, Stanford Cyber Policy Center, Stanford University. Retrieved 2024-03-13.
  2. ^ a b V.S, Anoop; S, Asharaf; Goldston, Justin; Williams, Samson (2022-12-23). Blockchain for Industry 4.0: Blockchain for Industry 4.0: Emergence, Challenges, and Opportunities. CRC Press. ISBN 978-1-000-81244-2.
  3. ^ Hsueh, Roselyn (2022). Micro-institutional Foundations of Capitalism. Cambridge: Cambridge University Press. ISBN 978-1-108-47213-5.
  4. ^ Zhang, Xuzhuo; Lyu, Pengjv (2023-06-14). "Security analysis of blockchain-based service network". Applied and Computational Engineering. 6: 1127–1134. doi:10.54254/2755-2721/6/20230463. ISBN 978-1-915371-60-7. ISSN 2755-2721.
  5. ^ Areddy, James T. (2021-05-11). "Beijing Tries to Put Its Imprint on Blockchain". The Wall Street Journal. Retrieved 2024-03-14.
  6. ^ Haldane, Matt (2021-01-17). "What blockchain is, how it works and how China will lead the world". South China Morning Post. Retrieved 2024-03-14.
  7. ^ Vural, Turan (2022-09-01). "Web3 with Chinese characteristics: Finding China's solution for regulators, developers and users , Technology News - ThinkChina". www.thinkchina.sg. Retrieved 2024-03-13.
  8. ^ McConvey, Joel R. (2023-12-13). "China's project to verify real-name digital ID leans into national blockchain ambitions". BiometricUpdate.com. Retrieved 2024-03-14.
  9. ^ Coy, Peter (2021-03-24). "China's New Belt and Road Has Less Concrete, More Blockchain". Bloomberg. Retrieved 2024-03-14.
  10. ^ Dhuddu, Rajesh; Mahankali, Srinivas (2021-03-13). Blockchain in e-Governance: Driving the next Frontier in G2C Services (English ed.). BPB Publications. ISBN 978-93-90684-46-5.
  11. ^ "US lawmakers target Chinese blockchains in Web3 decoupling push". South China Morning Post. 2023-11-09. Retrieved 2024-03-14.
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