Launching a New Era in Blockchain
On November 16, the BSN Foundation burst onto the global stage, heralding a future of decentralized IT infrastructure that’s got techies buzzing. With its headquarters in Singapore, the foundation proudly kicks off its journey alongside five prestigious founding members. These trailblazers include the digital asset wallet Blockdaemon, the automation platform Zeeve, Toko’s digital asset creation expertise, and the tech prowess of GFT Technologies and Red Date Technology.
The BSN Spartan Network: A Game Changer
The BSN Foundation isn’t just about fluff speeches and slick advertisements. It’s now the governing body of the BSN Spartan Network, a public infrastructure network that taps into the power of open-source BSN Spartan data center software. The launch marks a key milestone in not just expanding BSN’s reach but in striving to set a new international standard for decentralized technology.
Global Support and Recognition
Tim Bailey, the Vice President of Global Business at Red Date Technology, expressed excitement about the foundation’s launch, stating that it symbolizes both international acknowledgment and support for the vision of the BSN Spartan Network—something that can’t be overlooked. He shared, “These organizations bring expertise in blockchain-as-a-service, asset tokenization… highlighting the wide applicability and potential of the BSN Spartan Network.” Sounds promising, doesn’t it?
A Shift in Public Chain Dynamics
What’s striking about the BSN Spartan Network? It flips the script on how public chain technology is utilized and governed, focusing heavily on decentralized models rather than traditional cryptocurrency chains. In Bailey’s words, the foundation aims to “create a more stable and accessible network” for businesses worldwide. That’s right, step aside Bitcoin; there’s a new player in town who’s not haunted by price swings.
Tokens and Technology
Launched in September 2022, the BSN Spartan Network isn’t just another investment fad; it features a non-tradable token (NTT). Think of it as a digital token that serves a purpose without the wild rollercoaster rides of other cryptocurrencies. Using fiat currency or stablecoins, businesses can acquire these tokens, opening the door to new opportunities while keeping the drama (and volatility) at bay.
From China to Global Markets
The BSN initiative may have its roots in China, but the BSN Spartan Network is a whole different beast. Originating as the “Blockchain-based Service Network” back in 2020 with government support, Bailey clarified that the new foundation stands on its own. “It is built using international standards, completely open source, and operates separately from the BSN Networks in mainland China,” he assured. So, fear not, citizens of the world, this network operates independently.
