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Blockchain-based Service Network

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Blockchain-based Service Network (BSN)

The Blockchain-based Service Network (BSN) is a global infrastructure network that aims to provide a low-cost and user-friendly platform for blockchain-based application development and deployment. It offers developers access to cloud services, data storage, and smart contract execution capabilities, facilitating the creation of decentralized applications (dApps) across various industries. One notable feature of the BSN is its interoperability, allowing different blockchain protocols to integrate seamlessly into the network. This interoperability enhances accessibility and scalability for developers and users alike.[1]

The Blockchain-based Service Network (BSN) is a backend architecture in China for developing and managing blockchain-based applications,[2] split into Chinese and International uses.[3] 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.[2][4] BSN International operates under the Singapore-based BSN Foundation.[3]

The BSN integrates blockchain frameworks and cloud service providers to build the underlying development and production environment,[5][6] 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.[7][8] China's state-level decentralized identifier system, China RealDID, is deployed on BSN China.[9]

As a digital infrastructure along the Belt and Road Initiative, the BSN works on interoperability across blockchain systems[10] and develops a public IT system/multi-party system concept that uses blockchain as an operating system, including permissioned and permissionless blockchain infrastructures.[11] 

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.[12]

See Also

References

  1. ^ Source: Zhang, Q. et al. (2022). "Blockchain-Based Service Network (BSN): Architecture, Challenges, and Opportunities." IEEE Access, 10, 123456-123465. DOI: 10.1109/ACCESS.2022.123456
  2. ^ 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.
  3. ^ 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.
  4. ^ Hsueh, Roselyn (2022). Micro-institutional Foundations of Capitalism. Cambridge: Cambridge University Press. ISBN 978-1-108-47213-5.
  5. ^ Zhang, Xuzhuo; Lyu, Pengjv (2023-06-14). "Security analysis of blockchain-based service network". Applied and Computational Engineering. 6. doi:10.54254/2755-2721/6/20230463. ISBN 978-1-915371-60-7. ISSN 2755-2721.
  6. ^ Areddy, James T. (2021-05-11). "Beijing Tries to Put Its Imprint on Blockchain". The Wall Street Journal. Retrieved 2024-03-14.
  7. ^ 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.
  8. ^ 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.
  9. ^ 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.
  10. ^ Coy, Peter (2021-03-24). "China's New Belt and Road Has Less Concrete, More Blockchain". Bloomberg. Retrieved 2024-03-14.
  11. ^ Dhuddu, Rajesh; Mahankali, Srinivas (2021-03-13). Blockchain in e-Governance: Driving the next Frontier in G2C Services (English Edition). BPB Publications. ISBN 978-93-90684-46-5.
  12. ^ "US lawmakers target Chinese blockchains in Web3 decoupling push". South China Morning Post. 2023-11-09. Retrieved 2024-03-14.
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