China spent billions on its ‘belt and road’ infrastructure network to expand trade so what are its plans for a domestic and international digital infrastructure built on blockchain?
China’s Blockchain-based Service Network (BSN), a state-backed consortium tasked to build a domestic digital infrastructure, wants to go international but some experts said BSN’s links to Beijing could be a challenge overseas amid concerns about data security and privacy.
BSN describes itself in a user manual for potential clients as a worldwide infrastructure network that provides a one-stop-shop for blockchain and distributed ledger technology and decentralized applications (DApps).
BSN, which doesn’t build blockchains itself, does offer programming, software development and other services, according to the manual. It has said it aims to build a global network that will allow connectivity between different blockchains to improve efficiency and cut costs for clients.
But in the drive to go global, BSN...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...