China’s state-backed blockchain company is set to launch its first major international project

CNBC May 22, 2022
Arjun Kharpal

Key Points

– Blockchain-based Service Network (BSN) is planning its first major international expansion, its CEO told CNBC.

– The company, which has links to the Chinese government, will make the international version of its product open sourced to allow people to inspect the code and ensure there are no backdoors.

– BSN’s international product called the the Spartan Network will eventually be made up of half a dozen public blockchains that do no operate with cryptocurrencies.

China’s state-backed blockchain company is planning its first major international expansion, its CEO told CNBC, as Beijing continues to make the technology a key priority.

Blockchain-based Service Network (BSN) bills itself as a “one-stop shop” to deploy blockchain applications in the cloud, a...

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