Chinese blockchain project BSN expands to Turkey and Uzbekistan

The Blockchain-based Service Network (BSN), a Chinese-funded blockchain project, continues to expand its global reach by opening two new portals in Turkey & Uzbekistan.

Red Date Technology, which is the architect of the BSN project has entered into an agreement with Turkish consulting firm, Turkish Chinese Business Matching Center, (TUCEM) to launch two international BSN portals, one in Turkey and one in Uzbekistan, in December 2021.

TUSEM was established in 2006. It has become a key economic hub between China and Turkey. The company will be the exclusive operator of the two new BSN portals offering blockchain-as-a-service (BaaS) in Turkey and Uzbekistan.

These portals will enable blockchain developers in Turkey or Uzbekistan build BaaS apps using the global BSN portal. It hotsing major Blockchains such as the Ethereum network, Algorand and Polkadot. This initiative will address major problems in developing blockchain applications and enable blockchain interoperability, while reducing development costs.

Yifan He, Red Date Technology CEO, stated that Turkey has been a bridge between Asia & Europe for many years.

President of TUCEM Mehmet Akfirat and head of BSN Turkey said that the BSN’s Turkish portal would contribute to financial inclusion and social development. According to Akfirat, Uzbekistan and Turkey are both very involved in blockchain development.

Cointelegraph was informed by him that BSN does not choose the international locations for its portals. The exec stated that as long as there are good partners in certain regions, it doesn’t matter where they are. He also said that BSN is currently talking to potential partners from Australia, Europe, and the United States.

BSN does NOT operate its international portals, the CEO stated. They are all operated and built by local partners. They have the portals and can use the BSN infrastructure to create the most powerful BaaS site at a low cost.” He stated.

BSN launched a Hong Kong portal and Macau portal in September. This helped to develop more than 30 blockchain projects. BSN plans to establish an international BSN portal for South Korea in November.

Related: Visa works on a blockchain interoperability hub to allow crypto payments

The BSN announced plans in January 2021 to create a universal digital payment network (CBDCs) for central bank digital currencies. This follows earlier plans to support stablecoins to various services within the BSN ecosystem.

He claims that the BSN has ceased to be involved in CBDC-related projects and has also dropped its plans for stablecoins.

“BSN will no longer integrate stablecoins. This plan was moved to a completely new project that has no connection with BSN. Cointelegraph was told by He that BSN is focusing on expanding our footprints in other countries.

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