China's State-Backed Blockchain Company Is Set to Launch Its First Major International Project

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BSN’s international product called the the Spartan Network will eventually be made up of public blockchains that do no operate with cryptocurrencies.

The international plan will be a major push for BSN.

"The purpose of this is to drop the cost to use public chains to very minimal so that more traditional IT [information technology] systems and business systems can use public chains as part of their systems," He said. The Red Date Technology CEO admitted that not having cryptocurrencies as part of the company's product offering is a challenge. He said BSN Spartan Network will be"difficult to push in the first or second year because most people in the blockchain industry only understand crypto."BSN will likely face scrutiny abroad due to its links to the Chinese government.

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Malaysia Malaysia Latest News, Malaysia Malaysia Headlines