The Blockchain-based Service Network (BSN), a Chinese government-backed blockchain project, continues to expand its global reach by launching two new portals in Turkey and Uzbekistan.
In late December 2021, Red Date Technology, the project’s architect, will launch two international BSN portals in Turkey and Uzbekistan in collaboration with Turkish consultancy business Turkish Chinese Business Matching Center (TUCEM).
TUSEM was founded in 2006 and has since grown into a major commercial cooperation hub between Turkey and China. The company will be the exclusive operator of two new BSN portals in Turkey and Uzbekistan that will provide blockchain-as-a-service (BaaS).
The new portals will allow Turkish and Uzbek blockchain developers to create BaaS apps utilizing the global BSN portal, which supports major blockchains such as the Ethereum network, Algorand, Polkadot, Tezos, ConsenSys Quorum, Corda, and others.
The program intends to address major obstacles in blockchain application development, as well as enable blockchain interoperability and reduce development costs.
“Because Turkey has always served as a link between Asia and Europe, it is only natural that the first BSN gateway outside of Asia is opened there,” said Red Date Technology CEO Yifan He.
The BSN’s Turkish portal, according to Mehmet Akfrat, president of TUCEM and head of BSN Turkey, would help social development and financial inclusion. Both Turkey and Uzbekistan, according to the executive, are heavily involved in blockchain development.
BSN does not determine the sites for its overseas platforms, he informed Cointelegraph. “As long as we have good local partners in some regions, it doesn’t matter where they are,” the executive said, adding that BSN is in talks with possible partners in the United States, Europe, and Australia.
BSN does not operate its overseas platforms, according to the CEO. “Our local partners built and operate them all.” They own the portals, which take advantage of BSN infrastructure to create the most powerful BaaS site for the least amount of money,” he explained.
On September 1, BSN launched a Hong Kong and Macau site, assisting in the creation of over 30 new blockchain projects. In November, BSN hopes to launch an international BSN portal in South Korea.
The BSN announced plans to develop a universal digital payment network for central bank digital currencies (CBDCs) in January 2021, following prior announcements that stablecoins would be supported for various services on the BSN ecosystem.
The BSN, on the other hand, is no longer active in “any CBDC-related projects” and has abandoned its intentions for a stablecoin, according to He.
“Stablecoins will no longer be integrated by BSN.” We relocate that plan to a complete project that has nothing to do with BSN. “At BSN, we’re concentrating on increasing our footprint in many nations.”