The Blockchain-based Service Network (BSN) today announced that the BSN Decentralized Digital Certificate (BSN-DDC) Network (https://ddc.bsnbase.com), an infrastructure dedicated to Non-Fungible Token (NFT) adoption in China, has soft-launched with eight platform operators along with seven Open Permissioned Blockchains (OPBs), most of which are converted from public chains including , Cosmos/IRISnet, and .
NFTs traded on Chinese public chains and cryptocurrencies, which are prohibited in China, have been renamed by BSN as Decentralized Digital Certificates (DDC).
NFT/DDC technology can be used in all situations where digital proof is needed. China will soon issue billions more DDCs annually, according to our estimates. DDCs are most popular in the certificate and account management market.
Yifan He is the CEO and Executive Director at Red Date Technology.
China’s BSN DDC Network provides the largest, most transparent, credible and reliable platform for DDC-related businesses to create and manage DDCs. The gas fees can be paid via BSN DDC portals in fiat currency. Minting fees may also be lower than those for public chains.
Multi-organizations will operate its nodes jointly to guarantee decentralization, transparency and authenticity as well as long-term stability of the BSN DDC Network.
The BSN DDC network includes ten OPBs, where official DDCs can be created and kept in compliance with Chinese regulations. OPBs based upon Ethereum, COSMOS/IRISnet Corda, EOS and FISCO BCOS have been activated. Cross-chain services between all OPBs in the BSN DDC network are possible. One-way transfers will also be available from OPBs to Ethereum mainnets and other public chain.
Today’s platform partners include Rong Bao Zhai Auction and EY Blockchain. Sumavison and Baiwang are also announced. BSN will reveal the 26 founding partners and future roadmaps at the official launch and press conference, which takes place in Nanjing (China) in March.
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