Chinese BSN Platform Developers To Add R3 Corda Support – Bits Media

Developers of the state Chinese platform BSN announced the integration of Corda from the second half 2021 of the year. This private blockchain is being developed by the R3 consortium, consisting of banks and fintech companies.

Red Date Technology is a key developer of the national Chinese BSN platforms, designed to create DAPPS and release tokens, He concluded a Corda corporate blockchain deployment deal in the BSN network with R3 consortium.

The agreement concerns as a free version of Corda, and paid blockchain Corda Enterprise. BSN first made a corporate blockchain sale deal in China. maybe, Some large banks of China plan to use it.

The development of BSN was initiated by the State Information Center of the Chinese government together with Red Date, China Mobile и China Unionpay. The purpose of the initiative – Create a blockchain with a low cost of transactions, which will be available for wide masses and support many different blockchains. BSN was launched
In April last year, with the support of the Chinese government, And in the summer information appeared, that BSN will support
more 100 open blockchains.

The access to the Chinese market marks the turning point for R3, which already has a significant presence in Asia, But she did not work in China before - the country, which prefers controlled blockchains.

“China understands the deep and transforming capabilities of the blockchain and strengthened its position at the forefront of the innovation of industry through BSN”, – The head of the Asia-Pacific direction R3 Amit Gosh said (Amit Ghosh). “This cooperation paves the way for a wider implementation of Corda in the Chinese market, Supporting the continuous growth of many industries, Including trade financing, Supply chains, Capital markets, Insurance and financial services ".

Red Date also stated, What imports to the network some existing CordApps applications. Although BSN is located on the servers of numerous cloud providers, Including AWS and Microsoft Azure, All the largest Corda nodes will be placed in the China Unionpay cloud. Red Date spokeswoman:

“Most Corda infrastructure users will be from Chinese banks. China Unionpay cloud services cause more confidence in Chinese banks, as they relate to state financial institutions ".

Corda Enterprise will be available in BSN in the second half 2021 of the year. Previously, BSN added support for Ton protocol, Casper and other networks.