{"id":215461,"date":"2021-03-31T13:04:16","date_gmt":"2021-03-31T10:04:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/chinas-blockchain-project-bsn-to-integrate-r3-corda\/"},"modified":"2021-03-31T13:04:16","modified_gmt":"2021-03-31T10:04:16","slug":"chinas-blockchain-project-bsn-to-integrate-r3-corda","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/chinas-blockchain-project-bsn-to-integrate-r3-corda\/","title":{"rendered":"# China’s blockchain project BSN to integrate R3 Corda"},"content":{"rendered":"

“# China’s blockchain project BSN to integrate R3 Corda <\/strong>”
\n<\/p>\n

Red Date Technology<\/a>, one of the builders of China\u2019s Blockchain-based Service Network, has obtained licensing rights from R3 to resell both the free and enterprise Corda implementations in China.<\/p>\n

According to a press release<\/a><\/a> by R3, the news<\/a> marks the first occasion of the BSN developer being able to resell enterprise blockchain technology from an overseas company.<\/p>\n

Since the R3 deal is with BSN China, developers will create a permissioned version of Corda to comply with Chinese blockchain regulations. Also, with banks reportedly being one of the likely users of the network, the country\u2019s UnionPay cloud infrastructure will play host to BSN Corda notaries.<\/p>\n

The partnership also offers an entry point for R3 into the Chinese market following the company\u2019s significant expansion across Asia. <\/p>\n

Commenting on the importance of integrating an enterprise blockchain project like Corda on the BSN, Red Date Technology CEO Yifan He remarked:<\/p>\n

\u201cCorda will go live in China via BSN\u2019s Open Permissioned Blockchain Initiative to offer Chinese developers low-cost access to Corda technology. Red Date will also help to drive Corda and CorDapp<\/a>s\u2019 adoption among all Chinese banks\u2014enabling Chinese financial companies to streamline their business processes and receive the profound benefits of enterprise blockchain.\u201d<\/p><\/blockquote>\n

According to the announcement, Chinese firms will have access to Corda Enterprise via BSN public city nodes from Q3 2021. Red Date Tech reportedly plans to include some Corda-based decentralized applications as part of the integration to bootstrap adoption for businesses that will utilize BSN Corda.<\/p>\n

Since launching in 2020, BSN has continued to integrate several public blockchains to both the China-only and BSN international ecosystems. Back in February, Cosmos (ATOM) became the first public blockchain to be added to BSN China.<\/p>\n

As previously reported by Cointelegraph, TON Labs inked a partnership deal with BSN developers to adapt the Telegram-built TON protocol for China\u2019s blockchain project.<\/p>\n