Chinaâ€™s Blockchain Network Splits Over Disagreement About Public Chains
Chinaâ€™s Blockchain Service Network splits into two entities after the pushback from state-controlled entities on the integration of public blockchains.
Chinaâ€™s Blockchain Service Network, or BSN, has split into two separate entities after a disagreement about the integration of public blockchains.
Chinaâ€™s consortium was founded to promote the advance of blockchain technology in the country. Now it is splitting into two independent entities: BSN-Chain and BSN-International. The latter will be headed by one of the original members of BSN that happens to be a private company â€” Red Date.
Chinaâ€™s state companies push back public blockchains
A source familiar with the matter told Cointelegraph that this rift was caused by the â€œpushback from its core, state-owned members on the public chain integrationsâ€�. The consortium is led by State Information Center, the China Mobile Communication Corporation and China Union Pay â€” all state-controlled entities.
The source noted that the original plan intended to add five blockchain networks to BSN: Ethereum (ETH), EOS (EOS), Nervos (CKB), NEO (NEO) and Tezos (XTZ). They also indicated that this pushback has caused delays and uncertainty about future deployment.
Two BSNs will be integrated
A Chinese media outlet reports although the two entities are going to be independent, five of the BSN-China nodes will be connected to BSN-International. At the same time, it notes that these five nodes would have to fully comply with the appropriate local laws and regulations.
This development indicates that despite chairman Xiâ€™s enthusiasm towards blockchain technology, local elites remain uneasy about public blockchain networks that cannot be easily censored or controlled.
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