Algorand is now integrated with the Blockchain-based Service Network
Have you ever heard about the union of Algorand and China's state-backed Blockchain-based Service Network (BSN)? If not let me discuss with you the important details and union about the BNS and the world’s first open-source blockchain.
On September 15th of the current year, The Blockchain-based Service Network International announces that they will be supporting 3 more public chains including The Algorand, the world’s first open-source, permissionless, pure proof-of-stake blockchain for the next generation of financial products. The integration is scheduled to be held on BSN’s International Portal and will help expand and stimulate the already vibrant developer community of Algorand with more use cases to come. Just a few days ago, Algorand completed its first stage of cooperation with BSN - its integration with the BSN International portal and launched both its mainNet and testNet on bsnbase.io.
What is Blockchain-based Service Network (BSN)?
The BSN is a one-stop-shop for DApp developers to deploy and manage any permissions or permissionless blockchain applications. It is built entire operating environments and shared nodes on BSN’s public city nodes (PCN) around the world. The developers only need to choose which PCN to connect and upload smart contracts. In other words, BNS aims to solve the high-cost problem of blockchain DApp deployment and maintenance by providing a public resource environment and a one-stop-shop solution for the developers.
President Xi Jinping is part of the Chinese government’s Global Blockchain Strategy he also unveiled that the BSN initiative is a joint effort led by the State Information Center of China, China Mobile, China UnionPay, and Red Date Technology. It is a standardized, global public infrastructure network to support faster and cheaper blockchain development and deployment. The BSN deploys public nodes in all provinces and cities of China this kind of action can five benefits to the users in their country.
What advantages does the Algorand can obtain for having unionship with BSN?
As of now, the BSN has a deployment of over 130 public city nodes, covering all provinces and major cities in China as well as international nodes distributed across six continents.
The advantage of the Algorand can have in this union is that the BSN International can help them to accelerate technical and business innovation among its developers and can potentially attract more developers to come and build on high-quality projects to them. Also through BSN integration, the developers in Algorand are allowed to run nodes and build applications using data storage, bandwidth, and other resources that have been provided by BSN. Instead of running their own nodes, BSN offers them to have a better network quality and more comprehensive services, such as node monitoring.
The Algorand Foundation Chief Operating Officer Fangfang Chen stated that they are thrilled for the Algorand to be integrated with BSN International. The participation with BSN International provides the foundation to cost-effectively and to have a stable infrastructure for their developers and enterprises to build and leads a way to achieve the vision of wide-scale blockchain development and adoption."
What is Algorand Foundation?
Algorand Foundation is the governance and research organization encouraging participation, development, and innovation on the Algorand platform. It is committed to fulfilling the global claims of blockchain technology by manipulating the Algorand protocol and open-source software, which was initially designed by Silvio Micali and a team of leading scientists. And that certain core beliefs in the establishment of an open, public, and permissionless blockchain. It has been envisioned for an inclusive ecosystem that provides an opportunity for everyone to have the potential of a balanced and truly borderless economy.
Since the foundation envisions building a borderless economy, Algorand is committed to the development of an inclusive and transparent system where anyone can build prosperity through decentralized applications and projects, no matter where they are. BSN is working on cultivating a prosperous blockchain industry ecosystem by solving the high-cost problem of DApp deployment and maintenance. This shared vision has led to in-depth cooperation between BSN and Algorand.
As I can see Algorand is establishing deep cooperation relationships across multiple industries and sectors. By building a vibrant developer community and servicing enterprises which is their strategic goal for able for them to serve globally and for the Asian markets.
Sources:
https://algorand.foundation/bsn-integration-algorand