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Blockchain Services Network, an internet of interoperable blockchains that includes Ethereum, Hyperledger and EOS, will connect 128 cities in China to seven countries.
As we reported in January, China’s long-awaited Blockchain Services Network, aka ChinaChain, was finally unveiled and opened to commercial use yesterday. After 6 months of internal testing, the BSN project was shown off at a virtual press conference Saturday in Beijing. (“Virtual,” because large gatherings are banned due to a possible coronavirus rebound.)
Your correspondent gleefully tuned in from her own quarantine, in Boston. For this week’s da bing, I was searching for clues as to whether, as Coindesk recently speculated, ChinaChain would fulfill its promise to be a blockchain-enabled infrastructure that will “change the world.” I was deeply skeptical
An Internet of blockchains
Watching the festivities late Friday night (Saturday morning in Beijing) I agree with what other observers have said—that the the most fitting way to describe the launch was “国家队” which literally means “national team” in Chinese. The term implies that the effort is top-down, and practically mandated by the central government.
As we had reported, the network is financed and built by a consortium of China’s biggest telcos and banks, with nodes connecting 128 cities across the country. The network will also have nodes in 7 places outside China: Paris, Sydney, San Paulo, Singapore, Tokyo, Johannesburg and California (no city was specified.) Presumably, people wanting to do business in China can use the local onramps, assuming they follow local as well as BSN’s rules.
ChinaChain is not simply blockchain infrastructure, the speakers were quick to point out. During the teleconference, Zhiguang Shan, Chairman of BSN’s Development Association, described it as “an ecosystem play” and “an internet environment” that aspires to weave together a variety of different blockchain platforms, including Hyperledger Fabric, Ethereum, EOS, WeBank’s FISCO BCOS, Baidu’s Xuperchain, and ChainSQL.
The word “cross 跨” appeared the most frequently during Shan’s presentation. According to its official white paper, BSN is designed to be “a cross-cloud, cross-portal, cross-framework global infrastructure network used to deploy and operate all types of blockchain applications.”
In other words, BSN strives to be agnostic to users’ selection of cloud providers, border/country they operate and blockchain protocol. It will host all and create an environment where information flows freely between different infrastructures. And just like internet hosting websites, BSN will host thousands of applications on its network.
And just like the Internet, this blockchain of blockchains will be open to anyone who wants to tap into it, including small and medium-sized businesses.
Interoperability is easier said than done
Yet achieving such a level of interoperability is no small feat. Many blockchain projects, from PolkaDot to Cosmo, have been tackling the same issue, and few successes have been achieved thus far. Though Red Date, the tech provider powering BSN, claimed it’s been working with cross-chain solutions such as Cosmo, no evidence was provided to prove that the tech will function smoothly.
Yet somehow, the lack of technical feasibility has not concerned many Chinese blockchain entrepreneurs. As Honggang Chen, VP of PeerSafe, a blockchain startup based in Beijing, told me, the fact that BSN is simply willing to accept all blockchain protocols, from Ethereum, to Hyperledger, to ChainSQL ( which is their own blockchain infrastructure) is an exciting breakthrough.
“I’m glad that BSN is tackling interoperability and I believe if they put their mind to tackle it, it will be solved,” Chen told me. “We at PeerSafe are actively exploring ways to deploy our products on BSN.”
A smorgasbord for cloud providers
Deploying a blockchain network requires hosting infrastructure. As Decrypt previously reported, around 60 percent of Ethereum nodes run on centralized cloud-based servers, with Amazon Web Services championing the list.
BSN will be no different. The press conference was filled with representatives from BSN’s cloud partners. Not only did domestic cloud providers, such as China Mobile and Baidu Cloud, share in the congratulatory speeches, AWS’s China Cloud team even graced the conference (virtually) and showed its support.
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