- China’s Blockchain-based Service Network (BSN) is developing a version of the well-known distributed ledger technology.
- The beta version of this new blockchain, which is called BSN Spartan Network, is expected to be released on August 31.
- There are, however, some trust issues regarding the technology.
China’s Blockchain-based Service Network (BSN) is developing a version of the well-known distributed ledger technology that is designed to be used in international markets and will not involve cryptocurrencies like Bitcoin or Ethereum.
The chief executive of Red Date Technology, He Yifan, stated that the beta version of this new blockchain, which is called BSN Spartan Network, is expected to be released on August 31.
After its official launch in 2020, the main objective of the BSN is to develop a global public infrastructure that will deploy and operate all types of blockchain-distributed applications. It also aims to push China into a lea …