Consulting giant EY will partner with the national Chinese platform BSN to bring its OpsChain enterprise blockchain to the Chinese market.
According to EY, the firm plans to offer its EY OpsChain network to developers in China through Blockchain Open Source (BCOS), which runs on China’s national Blockchain Service Network (BSN) platform, as well as a “localized” version of Ethereum configured to integrate with BSN.
BCOS is an open source enterprise blockchain developed by the Financial Blockchain Shenzhen Consortium (FISCO), a joint initiative of a number of Chinese technology firms including Tencent and Huawei. BCOS is integrated with BSN, which is a centralized infrastructure that allows developers to build decentralized applications based on supported public blockchains like Ethereum, Polkadot, etc.
OpsChain will be the first EY solution at BSN and will use this platform in the integration and deployment of EY Blockchain Analyzer for blockchain analytics and financial reporting audits.
“Through FISCO BCOS and Ethereum, EY professionals will be able to serve customers in China and throughout the Asia-Pacific region and connect these users to the global blockchain. I see this as a key step forward in connecting the world’s largest economies with blockchain, ”said Paul Brody, CEO of EY Global Blockchain.
To meet the requirements of Chinese regulators, OpsChain will initially be available in a “localized” version of Ethereum on BSN, subject to Chinese regulatory approval.
The BSN platform was launched on April 25 last year with the support of the Chinese government, and in July the developers announced that BSN will support over 100 open blockchains. BSN has completed the first localization package that includes the Cosmos blockchain, according to a blog post on February 1.
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