Poly Enterprise to Bring Interoperability to Chinese National Network BSN

Mysterious Chinese BSN advances its interoperability with a solution by on-chain developers

article image
Cover image via

Poly Enterprise, a blockchain-agnostic protocol for cross-asset interoperability will be used in the Chinese public decentralized project, Blockchain-based Service Network (BSN). Its mission is focused on seamless interaction between multiple blockchains, dApps and cryptocurrencies.

Eliminating the barriers between blockchains

According to the official announcement by Poly Enterprise, its team has inked a partnership with BSN. Solutions by Poly Enterprise will ensure cross-chain interoperability between the parts of the global multi-purpose network.

Blockchain Service Network adds solutions by Poly Enterprise
Image via Twitter

Poly's instruments enable smart contract calls between different blockchains, thus ensuring a high level of data accessibility. A more complex ecosystem can be built on this stage of interoperability.

Da Hongfei, inventor of Neo Smart Economy (NEO) protocol and founder of the on-chain team behind Poly's development stressed that the influence of the new cooperation will go far beyond Chinese government-led blockchain experiments:

Transactional consistency is the big goal for cross-blockchain, or more broadly — interoperability, which is the foundation for the entire blockchain ecosystem realizing collaboration and massively building the digital economy of the future. Moving forward, I hope the cooperation between Poly Enterprise and BSN will provide a paradigm for the upgrade and evolution of blockchain in the future.

Poly Enterprise is a B2B-focused product of Poly Networks, an interoperability protocol that was released in August.

BSN, a "blockchain-for-all" product backed by Chinese state

Once integrated into BSN, Poly Enterprise will significantly reduce its operational costsnamely, the expenses for development, deployment, testing and maintenance for dApps.

Blockchain-based Services Network is a unique experimental cross-chain environment established by Chinese state-owned agencies: the State Information Center of China, China Mobile, China UnionPay and Red Date Technology. It consists of 130 public nodes spread across all of the provinces of the P.R.C.

As covered by CryptoComes previously, in Q3, 2020, BSN integrated Chainlink (LINK) oracle solutions. It also supports Ethereum (ETH) and Nervos (CKB) blockchains.

👉 MUST READ Chainlink Bags Another Partnership with Chinese Blockchain Project: Detailsrelated article image

The main use cases of BSNwhich is undergoing testnet stage right nowwill include delivering public services, law enforcement and business development.

Subscribe to the official Telegram channel. Get news first!

article writer image
Vladislav Sopov

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (, Monoreto, Attic Lab etc.)