First Open Permissioned Blockchain in China’s Blockchain-Based Service Network Launched by Bianjie
Shanghai based
Blockchain-based Service Network (BSN), according to the company.
WenChang blockchain is said to be powered by Cosmos’ interoperable blockchain ecosystem, WenChang is described as low-cost, user-friendly, open blockchain that allows developers to deploy and implement smart contracts.
WenChang is a city in Hainan province, a blockchain hub in China, and each open permissioned blockchain (OPB) will be named after a Chinese city.
The BSN network was initiated by the Chinese National Information Center, China Mobile Communications Corporation, China UnionPay Co., Ltd., and Beijing Red Date Technology Co., Ltd. China has long viewed blockchain development as of strategic importance.