Red Date Technology, the company behind the development of the state-owned Chinese Blockchain-based Service Network (BSN) platform will launch network portal operators in Turkey and Uzbekistan at the end of December. Cointelegraph writes about this.
Thus, the company signed a corresponding agreement with the Turkish Chinese Business Matching Center (TUCEM).
Developers of blockchain applications in Turkey and Uzbekistan will be able to use BSN. Which unites such networks as Ethereum, Algorand, Polkadot, Tezos, Quorum, Corda and others. The initiative aims to solve the main problems related to the development, ensuring the compatibility of blockchains and reducing costs.
Refusal to participate in CBDC-related projects
According to Red Date Tech Chief Executive Officer Yifan He, the platform may eventually enter the USA, Europe and Australia markets. Moreover, local players are managing foreign portals, he added.
In an interview, the CEO announced his refusal to participate in CBDC-related projects and curtailing plans to launch his own stablecoin.
“We are implementing this initiative in another structure unrelated to BSN. Here we are focused on expanding our presence in different countries,” he explained.
Red Date Technology
Recall that previously in January BSN announced the addition of support for digital Yuan in 2021.
Earlier, Red Date Tech announced the planned launch of the network portal operator in South Korea in November. It was MetaverseSociety startup.
According to the report, MetaverseSociety has received exclusive operator rights in South Korea and will launch the portal in November 2021.
Later in June, the firm raised $30 million in a funding round led by the venture fund of the oil giant Saudi Aramco and the Hong Kong-based blockchain investment company Kenetic. In addition, other participants include Pictet Bank (Switzerland) and Bangkok Bank. BSN is designed as a global network to provide communication between public and private blockchains; ensuring the availability of technology for small and medium-sized enterprises.