China is aiming to become the dominant global internet service provider for DApps (decentralized applications) through an infrastructure project called the Blockchain-based Service Network (BSN).
The state-sanctioned project has already had its fair share of disputes. It was launched in April this year but within three months of implementation, it was split into two separate entities, namely BSN-China and BSN-International.
Controversies aside, what makes this blockchain infrastructure project even more interesting is that renowned U.S companies like Amazon, Google and Microsoft are providing cloud services for the overseas data centers of BSN International.
The risks involved
Although it is a very significant move by China, the concern is the associated geopolitical risks. U.S-China relationships are at an all-time low and given the tense situation, BSN could face potential trouble in the near future.
China digital economy fellow at New America and Editor-in-chief at DigiChina, Graham Webster notes, “If I were the Chinese company, I would be careful about setting up a system that really depends on continued services in the U.S. Anybody who wants to use the global version of this Chinese network should take into account the risk that a data center in the U.S. could get taken off the network because of geopolitics.”
The good news is there has not been any resistance from the U.S government thus far. Although Chinese cloud service providers are facing friction in the U.S, the government’s stand against U.S organizations hosting Chinese applications remain unclear.
China’s aggressive stance on emerging technologies
The official and new English language website of international BSN is targeted at global developers. It features an integration of six public decentralized blockchains to the data centers: Nervos, EOS, NEO, Ethereum, Tezos, Cosmos’ IRISnet.
Yifan He, CEO and founder of Red Date Tech, said, “The move is a milestone as BSN is the first state-backed blockchain infrastructure that is reaching developer communities outside China by integrating with major public chains.” Beijing Red Date Tech is a private firm and one of the companies behind establishing BSN.
Even considering the geopolitical risks, it cannot be denied that this global expansion of BSN is a notable and significant move on part of China. The country also aims to do the same in other technologies including artificial intelligence and 5G.
How this move transpires in future and how companies, big and small, utilize the BSN network is yet to be seen.
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