Chinese blockchain (BSN) integrates Chainlink
Chinese blockchain (BSN) integrates Chainlink
Blockchain

Chinese blockchain (BSN) integrates Chainlink

By Marco Cavicchioli - 24 Jun 2020

Chevron down

China’s national Blockchain Services Network (BSN) has announced the integration of Chainlink’s oracles

The goal is to allow governments and businesses to integrate data from around the world into their BSN applications using the IRITA interchain service hub. The nodes will be run by the Proof of Stake operator SNZ Pool. 

BSN is an infrastructure designed to be a one-stop-shop for companies accessing low-cost blockchain cloud computing services. It is supported by major Chinese companies with partners such as China Information Center, China Mobile, China Unionpay and Red Date Technologies.

China’s national blockchain has selected Chainlink because it allows blockchain applications to incorporate real-world data in a highly secure and reliable way. 

Its oracles are already in use on several blockchains, and their use is likely to increase in the future

These will be integrated into BSN through IRITA’s interchain service hub, a consortium blockchain product, built using the Cosmos/IRIS SDK, which will allow blockchains on BSN to acquire off-chain data. 

A working prototype has also already been created that demonstrates how Chainlink’s oracles can be used in BSN via the IRITA interchain service hub, while BSN and SNZPool have allocated the necessary resources to support the creation of the node infrastructure.

The price of the LINK token has grown 6% today and is now worth more than 25% more than it was a month ago. 

The co-founder of BSN and CEO of Red Date Technology, Yifan He, said: 

“One of the main purposes of BSN is to provide interoperability to all DApps, regardless of whether they are for permissioned chains or public chains. On BSN, each Dapp should be able to call any other Dapps in a very convenient and low-cost way. This collaboration with Chainlink, IRITA, and SNZ Pool will help us achieve this goal and ensure that BSN users reach new levels of security, reliability, and interconnectivity”.

The deputy secretary of BSN Development Association and director of planning and consultation of China Mobile Group Design Institute, Xiang Dai, added: 

“As a founding member of BSN, the China Mobile team welcomes Chainlink and IRISnet to the BSN family. The interchain service hub that Chainlink, IRISnet and Red Date are building is the first step toward achieving easy and convenient interoperability among all DApps deployed on the network. Using Chainlink and IRISnet networks, it will also connect them to off-BSN trusted data sources. We believe that this integration will transform blockchain applications and foster greater growth of the BSN ecosystem – in China and around the world”.

Chainlink co-founder Sergey Nazarov commented: 

“We’re excited to help build out BSN’s global infrastructure project by providing secure and reliable oracle services. By connecting BSN applications to real-world data, smart contracts can bring new levels of automation and trust to global agreements”.

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.