China will deploy blockchain network in 100 cities
In April chinese government and several large banks and technology companies are becoming one network allow to create and host Blockchain applications.
Baptized Blockchain-based service network (BSN)The goal of the network is to reduce the cost of activities by 80% Blockchain, reports spectrum, a medium published by the Institute of Electrical and Electronic Engineers.
In addition to the ability to create low-cost applications (under $ 300), the BNS will also help companies design and manage their own Blockchain platforms, especially thanks to pre-built frameworks.
In contrast to public blockchains like Bitcoin, the BSN is an “authorized” blockchain in which participants decide who can access information and who cannot.
However, we learn that the government would have it “” Root key “” of the BSN, which could allow it to monitor all operations performed on the network.
The BSN alliance is expected to add its blockchain network in total next month 100 nodes distributed in a hundred cities and hopes to expand the network by the end of the year 200 knots.
Chinese President this fall Xi Jinping called to accelerate the development of technology Blockchain in China.