“The Blockchain Service Network (BSN) is poised to launch for domestic commercial use Wednesday and globally on April 25. If it works as envisioned, companies and software developers will be able to plug into the BSN and build blockchain-based applications as easily as assembling Lego sets.
But the ultimate goal may go well beyond technical support for coders. Part of the network’s mission, once it is proven to be efficient and scalable in China, is to go abroad. Hong Kong and Singapore are among the 56 cities where the alliance is testing the network first.
The move is very much like the ‘One Belt One Road Initiative’ in which China provides other countries with infrastructure and gains some first-mover advantage.
The BSN itself is not a blockchain protocol. Rather, it’s a centralized platform that has done the heavy lifting for developers so they can plug in and code, choosing from several enterprise blockchain protocols or public chains.
So far, the BSN has configured and added several permissioned blockchain protocols to its pool including Hyperledger Fabric. The BSN will incorporate two public protocols: Ethereum and EOS.
As China aims to expand its network of its city nodes worldwide to create a global infrastructure, it’s unclear how well it will be received if the state controls the access points.
BSN’s global partners, such as overseas developers or data center providers, may balk since holding the BSN’s root key would allow the State Information Center to view transactions made on the platform.
There is nothing decentralized about BSN.”
See Also: A DeFi “Super-network” in China attracts Western Investment
See Also: China’s Internet Finance Association Says Blockchain Is Maturing
“The Topaz test network represents the full Ethereum 2.0 Phase 0 mainnet configuration.“
“In an announcement on Monday, the project revealed the wallet for its Enjin coin (ENJ) cryptocurrency is now “certified and compliant in China.” The startup said approval for the wallet had come from the nation’s Ministry of Industry and Information Technology.
The infrastructure running our services and products, including the Enjin Wallet, has been certified/licensed by [the] Chinese state agency.
The wallet also now supports the Ethereum Name Service (ENS) that simplifies wallet addresses, from long, hard-to-remember phrases into human-readable names.”
“A new decentralized exchange, Gnosis Protocol, launched today, allowing users to trade any token with limited slippage. ‘The upcoming Gnosis Protocol is fully decentralized. There is no admin key or overwrite whatsoever.’
Specifically, a user first places an order on the exchange for any token pair and defines a limit price according to which the order can be executed. Each batched auction lasts five minutes, and orders that are not settled in the previous batch are passed to the next one.
This means that traders need to wait for at least five minutes for their trades to settle and do not have any guarantee of when the settlement will occur. As such, Gnosis does not plan on winning the market by providing faster settlement experience: rather, it aims to appeal to larger traders and compete with other DEXs on price.
Because of the batched execution design, Gnosis can also implement so-called ring trades. While traditionally exchanges match one buyer with one seller for a successful trade, in a ring trade, more than two people with more than two assets can be matched together and their trades can be settled simultaneously.”
See Also: Gnosis Protocol DEX
“TradeStation and ErisX believe the tie-up will take market infrastructure up to the same sort of standards as already exist in traditional markets.
TradeStation – which only opened its crypto brokerage last May – offers brokerage and tech solutions for active traders. It generally focuses on professional clients, which include hedge funds, family offices and money managers.”
“The U.S. needs robust 3D printing production capabilities nationwide so we can seamlessly increase the availability of needed supplies.
Lack of adoption can hardly be blamed on technical issues anymore. The main challenge to enabling large scale 3D printing manufacturing – particularly with remote production – is protecting the property rights of those creating product designs. Blockchain shows promise as a technology that can manage property rights without an intermediary.
Digital property rights need to be addressed to support increased usage of 3D printing production. With enforceable property rights, together with well designed contracts and proper two-sided marketplace design, buyers can trust sellers and sellers can be properly incentivized to participate in the digital marketplace.“
“Waves Enterprise was added to the list and described as a ‘cloud-based distributed ledger service and service for virtualization and storage of data.’ The list is meant to ensure high information security standards for authorities by suggesting information technology products for use in Russian government bodies.
Waves Enterprise is a separate entity from Waves, and it has a different token, the Waves Enterprise System Token (WEST). As such, he expects this addition to have no effect on the price of the WAVES token.“
“Medici Land Governance (MLG) – a subsidiary of Overstock’s venture arm, Medici Ventures – has inked a deal to build a blockchain-based land registry for a second Wyoming county.
Under the arrangement, MLG’s record-keeping platform will allow for the storage of mortgages, warranty deeds and titles, as well as providing provenance on land ownership in the small county of less than 15,000 people.
The company continues to run property registry projects in cuntries such as Zambia, Rwanda and Mexico, while Teton County marked the its first initiative on U.S. soil.”