Home Coins Ethereum (ETH) Chinese Blockchain Service Network set to onboard ConsenSys’ Quorum

Chinese Blockchain Service Network set to onboard ConsenSys’ Quorum

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Ethereum studio ConsenSys has announced it will integrate Quorum into the China state-sanctioned Blockchain-based Service Network (BSN).

ConsenSys said that Quorum, which it acquired from JPMorgan last year, will be the latest open-source enterprise blockchain that is becoming compatible with the BSN. The goal is to make ConsenSys’ Codefi applications available on the BSN marketplace for developers to build Ethereum-based enterprise solutions, according to the announcement.

Formally rolled out in April, the BSN is a service infrastructure that allows developers to build decentralized applications on top of both public and permissioned blockchains that it supports, like Hyperledger Fabric, Ethereum, and Polkadot, among others. 

The initiative is backed by the State Information Center of China, a think tank under the country’s cabinet-level economic planning agency, the National Development and Reform Commission. Beijing-based Red Date Technology oversees the operations and development of the platform.  

By setting up cloud computing resources in advance, the BSN touts an ambition to reduce the costs and entry threshold for dApp development. 

As for Quorum, it will be configured to GoQuorum so that it will be “interoperable with other permissioned frameworks on BSN,” said Yifan He, CEO of Red Date and an executive director of the BSN Development Association.

“After the launch, BSN will include Quorum in BSN’s training programs in 2021 to substantially accelerate the enterprise adoption of blockchain technology and Ethereum-based solutions in China,” he said.

ConsenSys founder Joseph Lubin said, “We believe that the different open-source blockchain protocols need to interoperate, and with the BSN we are taking a significant step forward in bringing ConsenSys Quorum to many enterprises in China that could benefit from transparent collaborative business networks.”

According to Monday’s announcement, BSN has deployed over 2,000 blockchain applications among companies and government organizations in China since the launch last year.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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