China set to launch global blockchain initiative

As part of its grand strategy to lead the digital transformation of the world economy, China is about to launch its national blockchain platform internationally.

Led by the State Information Center, the Blockchain Service Network (BSN) is poised to launch globally on April 25, Cointelegraph reported. If it works as envisioned, companies and software developers will be able to plug into the BSN and build blockchain-based applications as easily as assembling Lego sets.

But the ultimate goal may go well beyond technical support for coders.

“As the BSN takes hold in worldwide countries, it will become the only global infrastructure network that is innovated by China, whose gateway access is controlled by China,” declares the latest white paper penned by the BSN Alliance, led by the government agency, several state-owned entities and blockchain firms.

Source Link