Home CryptoCurrency News Chainlink News China’s National Blockchain Services Network (BSN) Taps Chainlink’s Oracle Functionality

China’s National Blockchain Services Network (BSN) Taps Chainlink’s Oracle Functionality

Blockchain Services Network (BSN), a Chinese state-backed alliance to promote the use of Blockchain technology in the country, is integrating Chainlink’s data oracles to its platform to provide access to real-world data to applications built on BSN.

According to an announcement on Tuesday, June 23, this multi-party collaboration will give BSN users the greater security, reliability, and interconnectivity by enabling them to “incorporate validated real-world data into their BSN applications using Chainlink oracles via the IRITA interchain service hub.”

All three entities in this multiparty collaboration will contribute to the fundamental development and growth of BSN. According to the release, Chainlink oracle functionality will be integrated into BSN via IRITA‘s interchain service hub. This hub will provide BSN system access to off-chain data. The network nodes to support the operation will be run by SNZ Pool, a professional node operator based in Shanghai.

IRITA is the enterprise product of IRISnet, a platform for next-gen DApps, built with Cosmos/IRIS SDK. IRITA interchain service hub is a tool that enables cross-chain interoperability while providing modules to support DeFi.

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The announcement further notes that a prototype that demonstrates the value of Chainlink oracles through the IRITA interchain service hub to BSN applications is already underway.

Harriet Cao, the co-founder of IRISnet, commented:

“BSN has an ambitious plan to provide a standardized, nationwide public infrastructure network supporting most efficient blockchain development and deployment. Chainlink is the industry-leading Oracle solution provider. It is our great pleasure to support BSN vision and work on the integration of Chainlink and make the oracle service easy to use by all the blockchains on BSN, through a standard service interface which supports cross-chain interoperability.”

Blockchain Services Network (BSN) is a program launched by the State Information Centre (SIC) of China to promote the rapid development of blockchain technology in the country. The program focuses on developing a nationwide infrastructure platform for blockchain-based services with cross-chain interoperability.

Yifan He, the co-founder of BSN, said:

“One of the main purposes of BSN is to provide interoperability to all DApps, regardless of whether they are for permissioned chains or public chains. On BSN, each Dapp should be able to call any other Dapps in a very convenient and low-cost way. This collaboration with Chainlink, IRITA, and SNZ Pool will help us achieve this goal and ensure that BSN users reach new levels of security, reliability, and interconnectivity.”


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Atiq Ur Rehman
Atiq Ur Rehman
Electronics Engineer with a passion to write about Disrupting Technologies like Blockchain. He joined Crypto-Economy in July 2019.
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