Huobi China, the Chinese version of Huobi Global exchange, has recently formed an alliance with the Blockchain Service Network (BSN). This makes the exchange one of the first members of the Blockchain Network Service Alliance.
This information was related by a Chinese fintech news outlet on the 1st December 2019. According to the update published in Chinese, the First Blockchain Service Network Partner Conference jointly sponsored by the National Information Center, China UnionPay, and China Mobile was conducted in Hangzhou.
The report states that the Blockchain Service Network is an innovation of the highly placed National Information Center. The innovation is planned to be a global blockchain service infrastructure across public networks, geographical regions, and institutions formed by many companies.
The internet concept is designed to make public blockchain resources available for developers. This is expected to reduce the costs of blockchain applications in terms of deployment, development, operation & maintenance, interoperability, and supervision.
In addition, the internet concept promises to enhance the rapid development and popularization of blockchain technology.
First Members of the Blockchain Service Network (BSN)
There are a number of notable Chinese companies that made the first members of the nascent technology development innovation, Blockchain Service Network (BSN).
Apart from Huobi China, the other members include China Telecom, China Mobile, China UnionPay, China Merchants Bank International, Weizhong Bank, among others. This could be seen as a big indication that blockchain is developing in China.
Yuan Yuming, the CEO of Huobi China, while speaking, expressed his profound gratitude for the recognition the exchange received from the Blockchain Service Network (BSN).
He continued by sharing that Huobi China and the member companies that constitute BSN will work in unity on blockchain education and training. This will also include training regarding blockchain technology and application research.
He also added that the concept will provide blockchain application solutions that will help to implement blockchain science education, coupled with applications in several industries.
China Mobile Vice President Speaks on Blockchain
The Vice President of China Mobile Communications Group Co, Huihui Li, has stressed the advantages embedded in the fast-growing and nascent technology, Blockchain.
In his statement during the first Blockchain Service Network (BSN) Partner Conference held on 1st December, he said blockchain has standout advantages in aiding countries of the world to modernize their operations.
He continued by saying blockchain technology will enhance the use of government data, build an intranet and service platform for government affairs. He said it will also promote cross-department and cross-regional maintenance.
