China launches nationwide blockchain service network - Xinhua | (
BEIJING, Oct. 15 (Xinhua) -- China launched a nationwide blockchain-based service network (BSN) on Tuesday, with aims to improve the layout of the blockchain sector and serve the development of smart cities and the digital economy.

As a trans-regional public infrastructure network, the BSN was jointly launched by the State Information Center (SIC), China Mobile, China UnionPay and other institutions.

Featuring controllable security, independent innovation, openness and inclusiveness, the network will effectively reduce the technical and economic threshold for the application of blockchain, said Zhang Xueying, deputy head of the SIC.

With the gradual adaptation of 5G, the Internet of Things, artificial intelligence and other technologies, the BSN will provide high-quality and customized services for the development of smart cities and the digital economy, and help nurture a batch of new industries or new business models based on blockchain technology, according to Zhang.

Beta tests of the network have also kicked off, with all related content, applications and resources free of charge before March 2020.
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    Francisco Gimeno - BC Analyst China is doing what many countries should have done by now. Create paths for the blockchain to helping with the transition to the new realities of the 4th IR techs in modern life. True, China may use this path to grasp better control of its citizens. Western style democracies and most of other countries will eventually create similar paths, albeit without dystopian authoritarian fears.