ConsenSys Announces Partnership with China’s Blockchain Services Network
ConsenSys today announced a partnership with the Blockchain-based Service Network (BSN) to make blockchain more accessible for enterprises and government organizations. As part of the partnership, ConsenSys Quorum, an open-source protocol layer that serves as a foundation for businesses to build Ethereum-based enterprise solutions, will be available in about 80 different cities through BSN’s public city nodes throughout mainland China.
ConsenSys Quorum is an open-source protocol layer that enables enterprises to leverage Ethereum for their production blockchain applications. Businesses rely on ConsenSys Quorum to provide the enterprise-grade networks they need to unlock value with blockchain. ConsenSys Quorum can be integrated with product modules from ConsenSys, third-party vendors, or in-house developers to build high-performance, customizable applications.
The BSN is a blockchain-specialized cloud environment with unified certificate management, gateway APIs, smart contract SDKs, encryption algorithms for permissioned frameworks, and stacked public chain nodes for easy access. The BSN aims to solve the high-cost problem of blockchain dApp deployment and maintenance by providing a shared resource environment and a one-stop-shop solution for developers. ConsenSys Quorum will be packaged with other mainstream permissioned and public blockchain networks to sell to enterprises and governments, offering a much larger and deeper market in China.
Backed by the State Information Center of China (SIC), a think tank under the National Development and Reform Commission (NDRC), the highest economic planning agency, the BSN is a cross-cloud, cross-portal, cross-framework, blockchain-based global infrastructure network to empower developers and companies to create, deploy and manage next-generation decentralized applications (dApps) more efficiently, conveniently and at low cost across multiple different protocols under a uniform standard. Red Date Technology, a Beijing-based software company, China UnionPay and China Mobile are the founding companies behind the BSN. Red Date Technology oversees the R&D, daily operations and maintenance of the BSN.
In the coming months, GoQuorum will be made interoperable with some frameworks and protocols already part of the BSN via BSN’s Interchain Communications Hub. Developers can soon build on Quorum and achieve easy interoperability on BSN to build advanced IT systems that can satisfy sophisticated business logic. ConsenSys Codefi applications such as Orchestrate, Workflow, and Assets will be available on the BSN marketplace so developers can more quickly build reliable and scalable business applications. Blockchain developer training programs facilitated by Red Date Technology will commence nationwide.
“After the launch, BSN will include Quorum in BSN’s training programs in 2021 to substantially accelerate the enterprise adoption of blockchain technology and Ethereum-based solutions in China. GoQuorum will also be interoperable with other permissioned frameworks and open permissioned frameworks on BSN, building the blockchain cornerstone for the ‘new infrastructure’ in China,” said Yifan He, CEO of Red Date Technology and the executive director of BSN Development Association.
“Decentralized protocols like Ethereum are a breakthrough in how we can imbue trust in all of our systems, by facilitating deeper collaboration and the creation of digital assets. ConsenSys Quorum is unique in that it spans the whole range of needs for enterprises in terms of privacy and permissioned features, yet is still compatible with the Ethereum mainnet. We believe that the different open source blockchain protocols need to interoperate, and with the BSN we are taking a significant step forward in bringing ConsenSys Quorum to many enterprises in China that could benefit from transparent collaborative business networks,” said Joseph Lubin, Founder of ConsenSys.
Since its launch in April 2020, the BSN has become one of the largest and fastest-growing enterprise blockchain ecosystems in the world. Designed as the backbone infrastructure of the Digital Silk Road, the BSN has deployed more than 2,000 blockchain applications across enterprises and government organizations in China. 108 public city nodes have been deployed connecting over 80 cities across mainland China and 8 public city nodes in other countries around the world. This year, the BSN aims to have over 10 permissioned and 30 more public blockchain protocols for developers to use at low cost on its global network.
ConsenSys will collaborate with the BSN accelerator around the usage of ConsenSys Quorum.
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About ConsenSys:
ConsenSys is the leading Ethereum software company. We enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Their product suite, composed of Infura, Quorum, Codefi, MetaMask, Truffle and Diligence, serves millions of users, supports billions of blockchain-based queries for our clients, and has handled billions of dollars in digital assets. Ethereum is the largest programmable blockchain in the world, leading in business adoption, developer community, and DeFi activity. On this trusted, open source foundation, they are building the digital economy of tomorrow.
About the BSN:
BSN is a cross-cloud, cross-portal, and cross-framework global public infrastructure network used to deploy and operate all types of blockchain distributed applications (DApps).
About Red Date Technology:
Red Date (Hong Kong) Technology Co., Ltd. (“Red Date Tech”), one of the four founding members of Blockchain-based Service Network (BSN), was founded in September 2014 and is headquartered in Hong Kong. It is the architect of the BSN and is responsible for BSN’s R&D and daily operation and maintenance. Prior to playing a vital role in BSN, Red Date Tech has been a top-tier technology provider for building smart cities in China for years along with China Mobile and China UnionPay.
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