The Chinese government-backed blockchain project, Blockchain-Based Service Network (BSN), continues to expand its global presence with the establishment of two new portals in Turkey and Uzbekistan.
Red Date Technology, the architect of the BSN project, has signed an agreement with a Turkish consulting company, Turkey-China Business Contact Center (TUCEM), to launch two BSN international portals in Turkey and Uzbekistan at the end of December 2021.
TUSEM was founded in 2006 and has become a major center for economic cooperation between Turkey and China. The company will be the exclusive operator of two new BSN blockchain-as-a-service (BaaS) portals in Turkey and Uzbekistan.
The new portals will allow blockchain developers in Turkey and Uzbekistan to build BaaS applications using BSN’s global portal that supports major blockchains such as Ethereum Network, Algorand, Polkadot, Tezos, ConsenSys Quorum, Corda and others. The initiative aims to solve important challenges related to the development of blockchain applications, enable blockchain interoperability and reduce development costs.
“Turkey has long played the role of a bridge between Asia and Europe, so it would be appropriate to launch the first BSN portal outside Asia there,” said Yifan He, CEO of Red Date Technology.
Mehmet Akferat, President of TUCEM and President of BSN Turkey, said that the BSN Turkey portal will contribute to social development and economic inclusion. According to the leader, both Turkey and Uzbekistan are actively involved in the development of blocs.
He told the Cointelegraph that PSN does not choose websites for its international portals. “As long as we have good local partners in some areas, we do not really care where they are,” said the CEO, adding that BSN is also in talks with potential partners from the US, Europe and Australia.
The CEO also noted that BSN does not operate its international portals. “It was built and run by our local partners. They own portals that use BSN infrastructure to build the most powerful BaaS site at the lowest cost.
BSN recently launched its portal for Hong Kong and Macau on September 1, which contributed to the development of over 30 new blockchain projects. BSN also plans to open an international BSN portal in South Korea in November.
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In January 2021, BSN announced plans to establish a global digital payment network for central bank digital currencies (CBDC) – this follows previous intentions to support stack coins for various services in the BSN ecosystem.
According to He, however, BSN is no longer involved in “any CBDC-related projects” and has also abandoned its stable currency plans.
“BSN no longer integrates stack coins. We are moving this plan to a brand new project that has nothing to do with BSN. At BSN, we are focused on expanding our presence in different countries, he tells Cointelegraph.