Cosmos Integrated into China’s Blockchain Service Network

China’s blockchain infrastructure project, Blockchain-based Service Network, tweeted on Monday that Cosmos (ATOM) has been integrated into its Chinese network. Unlike the international version, China’s BSN only supports permissive enterprise blockchains.

Therefore, Cosmos, exclusively integrated into the China-only BSN, is a version of Open Permissioned Blockchain (OPB) called Wenchang Chain. The hybrid was developed by Chinese blockchain startup Bianje, which was also the company behind the development of IrisNet.

In September 2020, IrisNet was in the middle of a series of public networks added to the BSN International ecosystem along with other chains such as Ethereum, Tezos, Nervos, Neo and EOSIO.

Other public blockchains were added later in the month, such as Solana, Algorand, and ShareRing.

BSN has also previously announced plans to integrate around 40 public blockchains before the end of summer.

Given BSN’s goal of promoting permissioned blockchain interoperability, the Cosmos integration could be a valuable step towards achieving this goal. As a multi-chain ecosystem, Cosmos is focused on mid-chain asset transfer for both digital assets and information.

However, the need for a “permissive” version of the multi-chain protocol; It complies with China’s regulatory environment that applies even to the BSN China and BSN Inter-Country dilemma. We have previously reported that BSN was split into two .

Cosmos network developing

The network launched the Inter Blockchain Community protocol for the developer community in January as a module for a new Stargate software development kit.

Cosmos seeks to lead its efforts to expand the burgeoning decentralized finance space beyond Ethereum. In mid-2020, Kava was launched on Cosmos’ blockchain, enabling users to deposit Binance Coin (BNB) and earn the USDX stablecoin.

Cosmos, with Microsoft’s recent purchase of a “land loan” through the Regen Network built on the Cosmos blockchain; It’s also seeing adoption outside of the DeFi space.

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