Chinese blockchain platform BSN adds support for Polkadot and Oasis Network

in bsn •  4 years ago 

The Chinese government-backed distributed infrastructure provider Blockchain Service Network (BSN) has added support for the Polkadot cross-chain Protocol, the Oasis Network cloud computing service, and the local Bityuan blockchain project, CoinDesk writes. The latest expansion is aimed at achieving BSN's goal of collecting various blockchain projects on a single platform.

"We expect that Polkadot will be used by developers worldwide to create and launch innovative protocols and applications, – said the co-founder of Polkadot björn Wagner. – Integration of BSN will allow you to support developers in this way, giving them a direct connection to the public circuit".

Polkadot supports public and private baccani, however, in cooperation with the BSN intends to join the "open initiative of blockchains restricted" to have the opportunity to offer their products in the Chinese market.

BSN will add support for the substrate framework used in Polkadot for creating decentralized applications, as a standard for deploying and maintaining private chains on its own platform.

Oasis Network, for its part, promises to help create private and scalable applications in the field of decentralized Finance. The project was founded in 2018 and raised over $46 million through a closed tokensale in the same year. Its investors include Andreessen Horowitz, Binance, Polychain, Pantera, and Electric Capital.

The third project, Bityuan, specializes in providing blockchain solutions to Chinese companies.

Earlier it became known that in 2021 BSN intends to start working with stablecoins.

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