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On the morning of April 25, the Blockchain-Based Services Network (BNS) was officially launched during a conference in Beijing; a blockchain-based industrial alliance based in China for global business operations. The conference is hosted by the National Information Center and is co-sponsored by China Mobile, China UnionPay and the BNS Development Alliance.

The Blockchain-based Service Network is a cloud system, portal, and cross-functional framework; jointly built by China Mobile, China UnionPay and other Chinese companies under the direction of the National Information Center, which seeks to build a global network infrastructure that is used to deploy and run various applications on the blockchain.

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Now the Blockchain-based Services Network has deployed 128 city nodes in the world; of which 76 are in China, 44 are under construction and 8 are abroad. Thus covering six continents: Asia, North America, South America, Africa and Oceania. Cloud service providers include China Mobile, China Telecom, China Unicom, AWS, Baidu Cloud, and Azure.

The BNS construction project is huge and requires constant optimization. An iteration is expected to exist every quarter, and the next version update will be in late July. Mainly including the launch of Hyperledger Fabric (the national security version), the adoption of Baidu's XuperChain framework, the consortium chain portal crisscross management mechanism, the interworking mechanism for off-grid nodes. BNS, the increase and optimization for urban node network management, real-time monitoring and optimization of the general operations of the BNS network.

BNS President Shan Zhiguang said BNS's goal is to become the blockchain internet. BNS belongs to all of society. This is not for profit, it only has a certain cost for the maintenance of the operations of the entire system. Currently, according to the calculations, the entry cost of all participants will not be recovered for five years. The purpose of BNS is to provide such an environment and to encourage all participants to develop applications.

Posted Using LeoFinance



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