China’s BSN and Irisnet are building an ‘internet of blockchains’ · TechNode

The chief architect of the Blockchain Services Network (BSN), a crucial component of China’s blockchain strategy, explained how it will work with Shanghai-based Irisnet to develop an “internet of blockchains” during a TechNode web event on June 18.

The BSN will inaugurate an “inter-chain, inside-BSN service hub” with Irisnet to power communication between blockchain frameworks as well as the outside world, according to He Yifan, CEO of Beijing Red Date Technology, the company building the BSN software.

Why it matters: The announcement sheds light on how Red Date will tackle one of the BSN’s key ambitions: connecting blockchains so that they can exchange data and tokens. Until now, it was not clear how Red Date would facilitate interoperability.

Source link

What do you think?

Written by Aakash Malu


Leave a Reply

Your email address will not be published. Required fields are marked *





ByteDance forms ecommerce business unit

Now, you can pay your bills on Flipkart, ixigo, Snapdeal thanks to MobiKwik Biller Stack