Chinese blockchain project BSN expands to Turkey and Uzbekistan

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The blockchain project supported by the Chinese government, the Blockchain-based Service Network (BSN), is further expanding its global presence by setting up two new portals in Turkey and Uzbekistan.

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

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TUSEM was founded in 2006 and has developed into an important center of economic cooperation between Turkey and China. The company will be the exclusive operator of the two new BSN portals that offer Blockchain-as-a-Service (BaaS) in Turkey and Uzbekistan.

The new portals will allow blockchain developers in Turkey and Uzbekistan to build BaaS applications using the global BSN portal, which addresses major blockchains such as the Ethereum network, Algorand, Polkadot, Tezos, ConsenSys Quorum, Corda and others. The initiative aims to solve the major challenges related to the development of blockchain applications, enable blockchain interoperability and reduce development costs.

“Turkey has long played a role as a bridge between Asia and Europe, so it is fitting that the first BSN portal outside of Asia will be launched there,” said Yifan He, CEO of Red Date Technology.

Mehmet Akfırat, President of TUCEM and Head of BSN Turkey, said that BSN’s Turkish portal will contribute to social development and financial inclusion. According to management, both Turkey and Uzbekistan are heavily involved in blockchain development.

He told Cointelegraph that BSN does not select the locations for its international portals. “As long as we have good local partners in some regions, we don’t care where they are,” said the managing director, adding that BSN also speaks to potential partners from the US, Europe and Australia.

The CEO also noted that BSN does not operate its international portals. “They are all built and operated by our local partners. They own the portals that use the BSN infrastructure to build the best performing BaaS site at a low cost, ”he said.

BSN recently launched a portal for Hong Kong and Macau on September 1st, contributing to the development of more than 30 new blockchain projects. In addition, BSN plans to set up an international BSN portal in South Korea in November.

Related: Visa is working on a blockchain interoperability hub for crypto payments

In January 2021, the BSN announced plans to build a universal digital payment network for digital central bank currencies (CBDCs) – following even earlier intentions to support stablecoins for various services in the BSN ecosystem.

According to He, however, the BSN is no longer involved in “any CBDC-related projects” and has also given up its stablecoin plans.

“BSN will no longer integrate stablecoins. We are moving this plan to another completely new project unrelated to BSN. For BSN, we are focused on expanding our presence in different countries, ”he told Cointelegraph.