The BSN Spartan network gains recognition and expands beyond mainland China. The first users of the Spartan network in Hong Kong were Emperor Group, HSBC, Lan Kwai Fong Group and Maxim’s Group.
The Chinese government-backed Blockchain Service Network (BSN) has officially launched the Spartan Network, a non-cryptocurrency blockchain infrastructure outside of mainland China.
“In order not to suffer losses from involvement in unregulated and unstable cryptocurrencies, 99% of the world’s leading IT companies avoid using blockchains based on cryptoassets. The BSN Spartan network provides an alternative non-cryptocurrency infrastructure that integrates public blockchains and empowers any traditional IT system to use the underlying technology in an easier and more cost-effective way,” said Yifan He, CEO of Red Date Technology and BSN Technical Architect. ).
Yifan He gave an example: the current cost of minting a standard NFT in the BSN Ethereum fork is only $0.03, and as the project develops, it will become less than $0.01.
The BSN Spartan Network is a decentralized network operated by the BSN Foundation, where each foundation member operates a data center that hosts all non-cryptocurrency public blockchain verification nodes. By the end of 2023, the membership of the BSN Foundation is expected to reach 30 members.
BSN Vice President of Global Sales Tim Bailey says that “to date, there are more than 1,300 businesses and organizations registered on the Spartan platform, making approximately one million transactions per day.”
The Spartan Network, which was announced in May, aims to encourage traditional businesses to create new ways to use blockchain technology and build non-cryptocurrency-based infrastructure. So far, the network has launched three open blockchains, which are forks of the Ethereum, Cosmos, and Polygon Edge blockchains.
Source: Bits
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