Understanding Blockchain Services Network (BSN)
The Blockchain Services Network, often abbreviated as BSN, is not just any infrastructure initiative in China; it’s the heavyweight champion of blockchain frameworks, or as the kids say, it’s like the Swiss Army knife of decentralized technology. With more than 130 nodes operating across the vast territories of China, BSN is positioned to revolutionize how small to medium enterprises approach blockchain applications.
What is DAML?
DAML stands for Digital Asset Modeling Language, a smart contract programming language born from the innovative minds over at Digital Asset, a notable American blockchain startup. Like a sleekly designed smartphone, DAML is here to simplify and streamline the complexities often associated with writing smart contracts. Think of it as the universal remote control, but for blockchains—allowing developers to interface effortlessly across multiple platforms.
Why the BSN and DAML Integration Matters
You heard it right—BSN has announced that DAML will be the exclusive smart contract language on its platform. Why does this matter? Because interoperability is the name of the game! With this integration, developers can create decentralized applications (DApps) without the headache of rewriting contracts for different blockchain networks. It’s like finding out you can wear the same outfit to multiple parties without anyone knowing!
What’s Coming in the Pipeline?
The first pilot program using DAML on BSN is set for completion by November 2020, and the deets are juicy. This pilot will test out a DAML application that can work across two different blockchains: Hyperledger Fabric and WeBank’s FISCO BCOS. Interestingly, the applications will nestle right into the BSN’s core architecture, meaning seamlessness is just around the corner.
Industry Insights: What Leaders Are Saying
“By selecting DAML as the exclusive smart contract language of the BSN, our developers will gain the choice of using one unifying language across every blockchain.” — Yifan He, CEO of Red Date Technology
“Connecting global blockchain platforms is key to global adoption.” — Yuval Rooz, Co-founder and CEO of Digital Asset
Quotes aside, both executives highlight the significance of establishing a unified standard within a chaotic blockchain ecosystem. A streamlined protocol is expected to enhance developer experience while accelerating the pace of blockchain adoption, something that’s been long overdue.
The Future of BSN
Launched in late 2019, BSN aims to provide accessible blockchain solutions to small and medium businesses. With plans to introduce stablecoin support in 2021, you can expect BSN to serve as a one-stop-shop for various blockchain-based services. As for WeBank? They’re already playing around with integrating DAML into their consortium blockchain FISCO BCOS, demonstrating the buzz surrounding this innovative language.
