China’s National Blockchain Services Network (BSN) Integrates Chainlink Oracles
China’s national Blockchain Services Network (BSN) is integrating Chainlink as the preferred oracle network to provide BSNB systems access to off-chain data. As part of this collaboration IRIS Network and SNZHolding will also contribute technical integration support.
According to the announcement on June 23, this key integration will enable governments and enterprises to incorporate validated real-world data into their BSN applications using Chainlink oracles via the IRITA interchain service hub. Professional Proof of Stake (POS) operator SNZ Pool will run nodes to support the operation.
This integration of Chainlink also provides BSN users additional security, reliability, and interconnectivity to help fuel even greater growth and adoption of blockchain applications in China and around the world.
Yifan He, CEO of Red Date Technology and BSN co-founder, stated that the integration team plans to unveil a working demo soon. “One of the main purposes of BSN is to provide interoperability to all DApps, regardless of whether they are for permissioned chains or public chains. On BSN, each Dapp should be able to call any other Dapps in a very convenient and low-cost way. This collaboration with Chainlink, IRITA, and SNZ Pool will help us achieve this goal and ensure that BSN users reach new levels of security, reliability, and interconnectivity.
Harriet Cao, co-founder of IRISnet, commented, “BSN has an ambitious plan to provide a standardized, nationwide public infrastructure network supporting most efficient blockchain development and deployment. Chainlink is the industry-leading oracle solution provider. It is our great pleasure to support BSN vision and work on the integration of Chainlink and make the oracle service easy to use by all the blockchains on BSN, through a standard service interface which supports cross-chain interoperability.”
Sergey Nazarov, co-founder of Chainlink, stated, “We’re excited to help build out BSN’s global infrastructure project by providing secure and reliable oracle services. By connecting BSN applications to real-world data, smart contracts can bring new levels of automation and trust to global agreements.”
BSN is a blockchain infrastructure service layer designed to be a one-stop-shop for companies to access ultra low-cost blockchain cloud computing services. It’s supported by major Chinese entities and corporations, and its founding consortia partners include China’s State Information Center, China Mobile, China Unionpay, and Red Date Technologies.
Chainlink is the world’s leading oracle network that works with enterprises such as Google and Oracle. Its technology enables on-chain blockchain applications to incorporate off-chain real-world data in a highly secure and reliable manner. As such, BSN selected Chainlink as the preferred oracle network to enable BSN applications and smart contracts to access data from outside the blockchain (e.g. weather, financial asset prices, IoT data, location information, and much more).
P/s: China Mobile has 1.25 billion users and about 500k employees and that was in 2016/17! Then you have Chinas Union Pay card system that has over 7 billion cards issued worldwide! Also, you have in the framework State Information Center of China. Which serves the Chinese government and also the public as well. Beta is ongoing right now but the live version is released July 31st.
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