ChinaChain Blockchain Platform Launched in China

The national blockchain network Blockchain Services Network, also known as ChinaChain, is officially launched in China and will unite about 128 cities in China. The development will also operate outside the country: in Paris, Sydney, Sao Paulo, Singapore, Tokyo, Johannesburg and California.

To build its ecosystem, the platform will use cloud services with a focus on specific regions of work. For example, in Beijing, work will be conducted with the Baidu Cloud, in Shanghai – with China Mobile Cloud. The blockchain will be open to anyone who wants to connect to it, including for small and medium-sized businesses. “The project is a cross-cloud, cross-portal, cross-frame global infrastructure network used to deploy and operate all types of blockchain applications,” the ChinaChain presentation noted.

It is worth noting that the project is financed by the largest financial companies and banks of the country.