April 20, 2024

Chinese BSN and Irisnet build an “Internet blockchain”

Chinese BSN and Irisnet are building an “Internet of Blockchains”

China's recently established national Blockchain Services Network (BSN) is implementing Chainlink oracle functionality.

Newarchitectural component will allow governments andEnterprises incorporate verified real-world data into their BSN applications using Chainlink oracles through the IRITA Interchain Service Center. Integration will solve one of the key tasks of BSN: uniting blockchains so that they can exchange data and tokens. Professional operator Proof of Stake (POS) SNZ Pool will run nodes to support the operation.

Chainlink – it is the world's leading networkoracles, which works with companies such as Google and Oracle. The technology allows on-chain applications to embed real data off-chain with a high degree of security and reliability. As such, BSN has chosen Chainlink as its preferred oracle network to allow BSN applications and smart contracts to access data from outside the blockchain (e.g. weather, financial asset prices, IoT data, location information and more).

Another partner of BSN was ProjectCosmos.It will beengage in the compatibility of different blockchains in the ecosystem.

BSN aims to make DApps cheaper to develop and more accessible to programmers around the world.It also aims to create a "public infrastructure that allows people to share information, creating a new Internet that has the advantages of blockchain technology.

Analysts believe that BSN will eventually become a "basic infrastructure technology for mass interaction" and will also become aa key factor for the "digital silk road" that will connect Kidstay and all its trading partners.

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