Thanks to TON Labs, BSN will now be able to build real world applications that require a scalable backend and use cases as per China’s regulatory framework, while still using an inherently decentralized network.
China’s developers get access to TON technology
China’s blockchain-based service network (BSN) and TON Labs announced today that You have made a partnership agreement to prOvid China’s developer with access to TON technology through BSNs Open Permissioned Blockchain (OPB) initiative in the to build applications and create use cases in accordance with Chinese regulations Requirements.
The OPB initiative is designed for public chains that want to legally enter the Chinese market. It complies with public regulations by removing the mechanism of using cryptocurrencies to pay gas charges and offering approved controls for node deployment.
The TON protocol originally developed by Telegram was ultimately abandoned by his Founder in April 2020 due to regulatory pressure, which is actually a gap for Millions who believed in the project. Fortunately, a diverse group of active supporters came together to start the network as a community project. TON Labs was one of the many initiators of a group of top notch developers and validators who helped Start this network as Free TON.
Free TON has no investors, no registered company, and has never had a token sale. This makes it a folk blockchain that is entirely run by a community of developers and validators and promoters from around the world receiving tokens (TON Crystals as a native Token) on a meritocratic basis as a reward for winning competitions that add value to the Community and in the context of working with partners who bring similar value.
TON is a proof-of-stake, multithreaded, low-latency and almost infinitely scalable High throughput blockchain ideal for real world applications and Business case. The TON protocol itself is arguably the most versatile smart contract Platform until today. TON Labs made the network accessible via high-level languages like C, C ++, and Solidity as well as through a number of developer tools that make it easy to set up for everyone. These tools are available to developers based on their signature TON OS product with its Developer suite of SDK and Solidity compilers, as well as ready-to-use decentralized certificates.
Win-win for everyone
Chinese developers are eager to get their hands on this technology under certain circumstances improper circumstances, in particular the inability to carry out transactions via cryptocurrency, BSN turned to TON Labs to find a solution to implement in the country. As a result, BSN will now be able to build real-world applications that require a scalable backend and use cases in Compliance with the Chinese legal framework while using an inherent decentralized network to do this. In short, China can now use one without permission Blockchain in a way that is consistent with its own legislative mandates. The higher-level network will benefit from what new developers can bring in as the Chinese community does Benefit from what TON has to offer technologically. Win-win for everyone.
Cyril Paglino, CEO of TON Labs stated:
“What we have here is a small step towards a giant leap, the bridges between the decentralized and centralized worlds in a way that everyone wins. It’s creative Approach to send a strong message that a company, a country, a people, even though Given certain legal hurdles, a way can still be found to take advantage of the technology provided for it Everyone on the planet, regardless of localized mandates out there and along the way stay in complete agreement against the assumption. “
Yifan He, CEO of Red Date Technology and Executive Director of BSN Development Association stated that:
“We are very impressed with the actual performance of TON technology in terms of throughput. Speed and latency, which opens up opportunities for use cases that require higher tiers of scalability. BSN creates the conditions for TON Labs to enter the Chinese market legalize its technologies and services to Chinese companies and developers. I am sure that the addition of TON will lead to a thriving OPB ecosystem in China. We look I look forward to seeing great dApps based on this OPB. “
The BSN is a portal, cloud and cross-frame global infrastructure Network that enables developers and businesses to create, deliver, and manage content Decentralized applications (dApps) of the next generation are more efficient, convenient and cost-effective Low costs for several different protocols under one standard. The BSN was jinitiated by four founding partners, namely the China State Information Center, China Mobile, China UnionPay and Red Date Technology.
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