{"id":111274,"date":"2020-11-14T10:30:00","date_gmt":"2020-11-14T07:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/chinas-bsn-predicted-as-long-term-global-project-still-ahead-of-others\/"},"modified":"2020-11-14T10:30:00","modified_gmt":"2020-11-14T07:30:00","slug":"chinas-bsn-predicted-as-long-term-global-project-still-ahead-of-others","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/chinas-bsn-predicted-as-long-term-global-project-still-ahead-of-others\/","title":{"rendered":"# China\u2019s BSN predicted as long-term global project, still ahead of others"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a408988369aa\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a408988369aa\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/chinas-bsn-predicted-as-long-term-global-project-still-ahead-of-others\/#Predicted_to_languish_globally_over_time\" >Predicted to languish globally over time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/chinas-bsn-predicted-as-long-term-global-project-still-ahead-of-others\/#BSNs_global_initiative_may_be_more_about_marketing_public_blockchains\" >BSN\u2019s global initiative may be more about marketing public blockchains<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/chinas-bsn-predicted-as-long-term-global-project-still-ahead-of-others\/#Chinas_blockchain_initiatives_still_predicted_to_advance_fast\" >China\u2019s blockchain initiatives still predicted to advance fast<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># China\u2019s BSN predicted as long-term global project, still ahead of others <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTEvMzRjYTVhYmQtMzg1Mi00NDFhLWE5MmYtMGNjYTdmM2VjZjE5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>First announced in October 2019, China\u2019s Blockchain Service Network, also known as BSN, is aimed at providing a global public infrastructure designed to support both private and public blockchain networks across interconnected cities.\u00a0<\/p>\n<p>According to the BSN introductory white paper, the project <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"http:\/\/www.liandufin.top\/incubator\/file\/Blockchain-based%20Service%20Network%20(BSN)%20Introductory%20White%20Paper.pdf\">serves<\/a> as an \u201cinformation infrastructure\u201d designed to advance the development of smart cities for the emerging digital economy. The white paper also explains that the goal of the BSN is for cities to build one or more public city nodes that are linked via the internet to form a nationwide \u2014 and eventually, worldwide \u2014 physical city node blockchain service network.\u00a0<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Predicted_to_languish_globally_over_time\"><\/span>Predicted to languish globally over time<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Although ambitious, China\u2019s BSN <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be making progress since its launch one year ago. For example, the BSN officially became available for global commercial use in April this year. The initiative is backed by the Chinese government policy think tank, The State Information Center, along with major players involved with China\u2019s communication, financial and software industries.<\/p>\n<p>Even during the BSN\u2019s beta phase, the project has reportedly attracted more than 2,000 developers, who have created applications to advance public water supply systems, item traceability and electronic invoices. Since then, China\u2019s BSN has launched an international website designed to bring in more developers. The website also states that major cloud providers, including Google and Amazon Web Service, are part of the initiative. Most recently, the BSN announced that three well-known public blockchains have joined its growing ecosystem.<\/p>\n<p>Yet, progress doesn\u2019t always equate success, especially when it comes to a global infrastructure with goals as lofty as the BSN\u2019s. As such, market research company Forrester revealed in its 2021 enterprise blockchain predictions that China\u2019s BSN will \u201clanguish\u201d due to the region\u2019s current geopolitical climate. <\/p>\n<p>Martha Bennett, principal analyst at Forrester and a co-author of the report, told Cointelegraph that within China, build-out for the BSN will continue at a steady pace. However, Bennett explained that China\u2019s ambitions for the BSN to be a truly global network won\u2019t be fulfilled in the near term:<\/p>\n<blockquote><p>\u201cEnterprises will be wary of becoming involved in initiatives that are closely associated with the Chinese state. There are also concerns about the level of control the Chinese state may have over the access points to the network.\u201d<\/p><\/blockquote>\n<p>According to Bennett, sanctions, along with many countries\u2019 desire to reduce dependency on China, will impact global progress for the BSN. While Bennett\u2019s thoughts about the BSN are just a prediction, some recent <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.pewresearch.org\/global\/2020\/10\/06\/unfavorable-views-of-china-reach-historic-highs-in-many-countries\/\">statistics<\/a>\u00a0reveal that unfavorable views of China have now reached historic highs. In addition, the United States has demonstrated a fear of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> controlled by the Chinese government, seen through <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.theguardian.com\/technology\/2020\/sep\/29\/trump-tiktok-wechat-china-us-explainer\">bans being called for apps<\/a>\u00a0reportedly associated with the Chinese government, such as TikTok and WeChat. <\/p>\n<p>However, some beg to differ that China\u2019s geopolitical climate will affect the BSN development. Yifan He, CEO of Red Date Technology \u2014 the private company behind the daily operation and maintenance of the BSN \u2014 told Cointelegraph that the current geopolitical climate has not affected the development of the BSN. \u201cHalf of our tech partners are from the U.S, and we are working closely with Amazon Web Services and Google Cloud as our global cloud partners,\u201d he said. He further noted that the BSN is currently more of a technical project:<\/p>\n<blockquote><p>\u201cThe goal of the BSN, in the short team, is to lower the cost barrier of blockchain technologies to anyone, and build a better interoperability protocol to connect all chains in a very low cost and easy way.\u201d<\/p><\/blockquote>\n<p>Specifically speaking, the BSN white paper discusses the potential of blockchain for an initiative like the BSN. The document states that blockchain will enable a resource-sharing mechanism for smart cities, greatly lowering the cost of resources. The white paper states that blockchain application publishers can \u201cuse uniform public services provided by the BSN and lease shared resources as needed. This greatly reduces the publishers\u2019 and participants\u2019 costs.\u201d<\/p>\n<p>According to He, the BSN is moving forward smoothly, noting that the BSN testnet for permissioned blockchains was recently launched. \u201cIn the long run, we really think the broadcasting way of data transmission created from blockchain technologies will reshape, even rebuild the Internet for better security and better privacy,\u201d he added. He further commented that a date has not been set or even predicted as to when the BSN will make a global impact. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"BSNs_global_initiative_may_be_more_about_marketing_public_blockchains\"><\/span>BSN\u2019s global initiative may be more about marketing public blockchains<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It\u2019s also important to point out that there are <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/medium.com\/bsnbase\/bsn-international-press-release-482e234b049c\">two versions of the BSN<\/a>: one is called \u201cBSN China\u201d and the other is \u201cBSN International.\u201d According to He, BSN is still one network, but the governance is divided between BSN China and BSN International. \u201cJust like the Internet, China has one agency to regulate the Internet, and the U.S. has another,\u201d he said.<\/p>\n<p>Although the idea makes sense, skepticism regarding BSN International is being demonstrated. Kevin Feng, former chief operating officer at enterprise blockchain company VeChain, told Cointelegraph that China\u2019s geopolitical climate is definitely one of the key challenges for BSN International. \u201cIt\u2019s a concern to U.S. or EU-based companies that most of the BSN blockchain infrastructure is hosted on China-based cloud providers,\u201d he said. <\/p>\n<p>Moreover, Feng pointed out that BSN China only utilizes permissioned, private blockchain networks, while BSN international incorporates permissionless, public blockchains. Feng believes that China BSN can make a swifter impact, yet he noted that the international version is \u201cmore for marketing purposes for public blockchain protocols.\u201d\u00a0Feng further commented on flaws with this model, like charging users based on the traffic generated:<\/p>\n<blockquote><p>\u201cIn addition to China\u2019s geopolitical climate, this service model is not attractive to the developers on the public blockchain. As public blockchain are open source, developers usually set up their own nodes for their own applications, and it\u2019s probably cheaper than the traffic-based model.\u201d<\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Chinas_blockchain_initiatives_still_predicted_to_advance_fast\"><\/span>China\u2019s blockchain initiatives still predicted to advance fast<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Although skepticism remains around the BSN initiative, Forrester\u2019s recent enterprise blockchain report also predicts that China\u2019s national blockchain infrastructure will advance faster than most regions.\u00a0According to the report, in 2021, the Chinese government will make strategic investments in most provinces, with deals signed and systems going into production. The report states:\u00a0\u201cThis national investment will help create bridges between siloed processes in areas like citizen services that have been especially challenging in China. This concerted effort will propel China ahead of other regions.\u201d<\/p>\n<p>According to Charlie Dai, a Forrester analyst and co-author of the report, China\u2019s \u201cnew infrastructure\u201d national initiative makes blockchain an integral part of the country\u2019s digital infrastructure. Bennett further pointed out that while this isn\u2019t much different from Europe\u2019s blockchain ambitions, China is a single country where technology and the build-out of a network can be translated into reality more quickly:<\/p>\n<blockquote><p>\u201cBy contrast, in Europe, there are EU-level as well as country-level initiatives. The processes to get these going are designed to be fair, but as a result are also typically quite cumbersome; then there\u2019s also the need for alignment between country-level and EU-wide initiatives. In the US, technology adoption is typically left to market forces; hence, there\u2019s no equivalent initiative to the European Blockchain Services Infrastructure or BSN.\u201d<\/p><\/blockquote>\n<p>Moreover, Czhang Lin, network blockchain advisor for Haier Group \u2014 a Chinese multinational corporation \u2014 told Cointelegraph that China\u2019s national blockchain infrastructure will move faster than other regions, mainly due to the country\u2019 historical top-down central planning culture. \u201cSince President Xi announced blockchain as national strategy level technology in 2019 October, we have seen a massive interest among governments of all levels to study and plan blockchain adoption,\u201d he remarked. <\/p>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/china-s-bsn-predicted-as-long-term-global-project-still-ahead-of-others\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# China\u2019s BSN predicted as long-term global project, still ahead of others &#8221; First announced in October 2019, China\u2019s Blockchain Service Network, also known as BSN, is aimed at providing a global public infrastructure designed to support both private and public blockchain networks across interconnected cities.\u00a0 According to the BSN introductory white paper, the project&#8230;<\/p>\n","protected":false},"author":1,"featured_media":111275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/34ca5abd-3852-441a-a92f-0cca7f3ecf19.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,4973,71511,68637,4965],"class_list":["post-111274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-china","tag-government","tag-predictions","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/111274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=111274"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/111274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/111275"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=111274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=111274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=111274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}