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17 May 2022 – China, with a GDP of US$17.7 trillion in 2021, is one of the largest economies in the world. Through a series of investments into blockchain, China is building the Blockchain-based Service Network (BSN), for which Klaytn Foundation will be a partner to build the open-permissioned Chongqing Chain. 

Klaytn Foundation, an open-source blockchain ecosystem backed by internet giant Kakao Corp, will be contributing their technical expertise and business insights to provide the blockchain infrastructure and initial nodes for the Chongqing Chain, as well as to help develop the early use cases through a partnership with the Cloud Chain Technology.

The BSN is a multi-chain public infrastructure network that aims to be the standard for all blockchain deployments. As of April 2022, BSN supports 28 blockchain frameworks, 19 portals, and over 25,000 developers and 3,000 applications across  over 140 virtual data centers around the world.

“We see great synergies in developing the Chongqing Chain in parallel with the Klaytn mainnet, as it would make it possible for Klaytn developers to plug in to the China blockchain network, providing an entry into the massive China market, and vice versa for Chinese developers looking to go global. Being in China will also help us to develop diverse use cases to bring about the mass adoption of blockchain, strengthen the Klaytn ecosystem and help us in building robust infrastructures to support the development of metaverses,” said David Shin, Head of Global Adoption at Klaytn Foundation.

“Following Klaytn’s integration to the BSN International earlier this year, we are excited to further strengthen the partnership by introducing the permissioned version of Klaytn, Chongqing Chain, to the Chinese market to support use cases related to NFT, metaverse, gaming and beyond”,  said Yifan He, CEO of Red Date Technology and Executive Director of the BSN Development Association.

“We are very pleased to cooperate with Klaytn, and believe that with the support of Klaytn network’s innovation, security and scalability, the Chongqing Chain will provide developers with new technical solutions to enable a wide range of application scenarios. With the completion of the Chongqing Chain, it will become one of the OPBs on the BSN-DDC Network that will be attractive to enterprise users due to its low cost, availability in the process of technology implementation and ease of use,” said Xia Yong, CEO of Chongqing Cloud Chain Technology.

First projects on the chain will include Meta Tel, a decentralized Social Networking Service (SNS) that provides better data privacy and user-centric data, and minting of notable Chongqing and Korean IPs via the Chongqing Chain Distributed Digital Certificate (DDC), which is similar to the technology behind Non-Fungible Tokens (NFTs).

About Klaytn Foundation

Klaytn Foundation is a non-profit organization that was established to accelerate global adoption and ecosystem maturity on Klaytn. The foundation manages the US$500m Klaytn Growth Fund and operates alongside Krust, the holding company for all overseas ventures of internet giant Kakao Corp.

About Blockchain Service Network (BSN)

The BSN is a cross-cloud, cross-portal, cross-framework global infrastructure network used to deploy and operate all types of blockchain DApps. BSN aims to change the existing problem of the high cost of developing and deploying blockchain applications by, just like the internet, providing public resource and interoperability environments to developers. In this way, the development and universal adoption of blockchain technology can be largely accelerated.

About Cloud Chain Technology

Cloud Chain Technology originated in 2016. It is a high-tech enterprise with global blockchain technology application development as its main direction. The company is composed of senior entrepreneurs and top blockchain IT professionals, mainly engaged in relevant blocks The development and customization of the operating system of the chain technology, the design and production of the landing application of the blockchain scene. The research and development of the Chongqing Chain is under construction. Alliance chain and data chain have been independently completed. The company’s main blockchain Technology development, technical support, and technical services are committed to applying blockchain technology to all walks of life.

Media Contact

Aaron Koh
Head of Marketing, Klaytn Foundation
Email: [email protected]

Klaytn will join Blockchain-based Service Network (BSN) this year, adding to the growing list of public blockchains operating on BSN, including Ethereum, Solana, Tezos, and Polkadot. Klaytn’s integration with the BSN follows the 5 strategic partnerships announced earlier this year, which are key to Klaytn’s market expansion in Japan, Indonesia, Thailand, Singapore, and the US.

The BSN is a global blockchain network that aims to be the “Internet of Blockchains” by letting developers access public chains on a standardized platform, so as to easily build or operate their decentralized applications (dapps).

The BSN is currently split into two entities: BSN International and BSN China. The rationale for the division between BSN International and BSN China is to ensure the management of the BSN inside of China is compliant with China’s strict blockchain regulations.

Klaytn has begun integration with BSN International and will soon have access to BSN’s pool of over 25,000 global developers around the world. Integration with BSN International will also enhance Klaytn’s interoperability and compatibility with other platforms.

“Klaytn already supports Ethereum equivalence and integration with BSN will further enhance our interoperability. This is a great boost to our plans to accelerate global expansion this year” says David Shin, Head of Global Adoption at Klaytn Foundation.

“We welcome Klaytn to be on board with BSN. We are excited that Klaytn’s technology is available on BSN International, which will give more framework options for global developers and empower them with a cost-effective development environment,” says Yifan He, CEO of Red Date Technology and Executive Director of the BSN Development Association.

About Klaytn

Klaytn is a public blockchain focused on the metaverse, gamefi, and the creator economy. Officially launched in June 2019, it is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore.

These business expansion activities are supported by the Klaytn Growth Fund, which aims to grow the ecosystem of companies built on Klaytn. The fund is managed and disbursed by Klaytn Foundation, a Singapore-based non-profit organization established in August 2021.

About BSN

The Blockchain-based Service Network (BSN) is a cross-cloud, cross-portal, cross-framework global infrastructure network used to develop, deploy, and manage all types of blockchain applications. BSN aims to reduce the cost and technical difficulty of blockchain application development by providing a public resource and interoperability environment to developers.