China Launches Blockchain-Based Service Network for Commercial Use.
28 Apr 2020, 20:27
🔴China Launches Blockchain-Based Service Network for Commercial Use
🔻On April 25, Chinese government officially announced the public launch of the nationwide Blockchain-based Service Network or BSN for commercial use.
BSN enables blockchain projects to create and run new blockchain applications for a lower cost. Chinese government aims to accelerate the development of smart cities and the digital economy. The developers on BSN created applications to improve public welfare charity, item traceability, and electronic invoices.
China has made great efforts to bring wider blockchain adoption. Moreover, China has been working on its digital central bank currency, noteworthy to mention that Chinese banks were already testing digital yuan.
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#digitalyuan
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#government