Previously, each participant in a traditional consortium chain application had to build and operate its own exclusive node and respective consensus mechanism. Each node needs to use a physical server or cloud service, to connect with one another through the Internet or an internal network, thereby forming an isolated blockchain application similar to a local-area network.
In this traditional structure, participants need to establish a new blockchain operating environment for each consortium chain, which leads to high cost and a situation where server resources are not fully used or even completely unused. The high cost brought by deployment and maintenance is a major barrier when it comes to the development of blockchain.
In addition, there is no unified technical standard for the underlying framework adopted by various LAN-type blockchain applications, thus business data is unable to interact with each other, which restricts the transformation and adoption of blockchain technology. Therefore, there is an urgent call for a public infrastructure network that is recognized by all parties in the industry.
On October 15, 2019, BSN was jointly initiated by the leaders of the State Information Center, China Mobile & China UnionPay. BSN’s mission is to provide a public infrastructure network that can develop, deploy, operate & maintain, interoperate, and supervise blockchain applications at low cost.
On December 1, the first BSN partner conference was held in Hangzhou in which the experts and scholars from various industries conducted an in-depth discussion of BSN’s role in the development of smart cities and the digital economy.
BSN’s design and construction concept referred to the Internet’s TCP / IP protocol. BSN is a global basic network with cross-cloud, cross-framework, and cross-portal service. It aims to connect all data centers together by establishing a set of blockchain operating environment protocols. As a global public network, BSN supports both the consortium chain and the public chain underlying framework. It will be the world’s first infrastructure network independently innovated by China and controlled by the right to access the network and can be rapidly deployed around the world.