EY deploys blockchain products on China’s Blockchain-based Service Network
EY is collaborating with major Chinese blockchain projects like BSN and FISCO BCOS to expand its blockchain deployment in China. Ernst & Young, one of the world’s largest professional services networks, is expanding its blockchain services in China in partnership with major local blockchain projects.According to a Feb. 5 announcement, EY will deploy its blockchain products on the Ethereum blockchain and Blockchain Open Source a platform run by Tencent-backed Financial Blockchain Shenzhen Consortium, or FISCO.EY will specifically offer its two blockchain solutions — EY Blockchain Analyzer....
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The BSN expects to complete integrations with a total of 30 public blockchains this year.
The impact of China’s Blockchain Service Network may be limited, but the region’s national blockchain infrastructure continues to outpace other regions. First announced in October 2019, China’s 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. According to the BSN introductory white paper, the project serves as an “information infrastructure” designed to advance the development of smart cities for the emerging digital economy. The white paper also....
The launch of N3, new NFT marketplaces and integration with China’s blockchain-based Service Network is providing a boost to NEO price. As the field of viable layer-one blockchain protocols continues to expand with newer entrants trying to solve the issue of high transaction costs and slow processing times, older projects find themselves utilizing their history and track record to set themselves apart and secure a market share that will ensure their survival through the next market cycle. Neo (NEO) fits the bill described above and the project is attempting to stage a revival in 2022 as....
ConsenSys has partnered with China’s Blockchain-based Service Network to accelerate the enterprise adoption of Ethereum apps in China. ConsenSys, one of the world’s largest blockchain software companies, has partnered with the Blockchain-based Service Network, a Chinese government-backed nationwide blockchain project,As part of the partnership, ConsenSys’ Ethereum-based distributed ledger protocol ConsenSys Quorum will be featured on the BSN ecosystem, the firm announced on Jan. 25. The protocol will be available in 80 different cities through BSN’s public city nodes across mainland China.....
Cosmos becomes the first public blockchain to be added to the China-only version of the Blockchain-based Service Network. Tweeting on Monday, the Blockchain-based Service Network — China’s blockchain infrastructure project — announced that it had adapted Cosmos (ATOM) to its Chinese network. The Chinese BSN, unlike the international version, only supports permissioned enterprise blockchains.Thus, the Cosmos integrated to the Chinese-only BSN is an Open Permissioned Blockchain, or OPB, version called Wenchang Chain. The hybrid was developed by Chinese blockchain startup Bianjie which is....