Cosmos Network

China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains – CoinDesk – CoinDesk

The Takeaway:

  • China’s state-backed Blockchain-based Service Network (BSN) has integrated with six public chains including Tezos, NEO, Nervos, EOS, IRISnet and Ethereum.
  • Developers on these six blockchains will be able to build dapps and run nodes using data storage and bandwidth from BSN’s overseas data centers starting Aug 10.
  • This is part of China’s plan to be the one and only infrastructure provider for blockchain firms around the world.
  • Global users will have access to China’s enterprise chains and financial data via the network’s cross-chain structure and partnership with China UnionPay.

A blockchain infrastructure backed by the Chinese government will open its services to decentralized applications (dapp) developers on a global scale on August 10. 

The move is part of China’s plan to be the one and only infrastructure provider for blockchain firms across the world. That effort resembles the country’s aggressive international expansion in other major emerging technologies such as 5G and artificial intelligence. 

This global expansion is notable, given that China’s attempts to lead in other technologies have been disrupted. The Trump administration issued a new rule in May to prevent Chinese tech conglomerate Huawei, a leader in 5G technology, and its suppliers from using U.S. technology and software. The U.K. has also barred Huawei from its 5G networks.

Yet China’s global blockchain ambitions have been a
Source…