Bianjie launches first open-permissioned blockchain in China
Bianjie, the core development team behind IRISnet, has launched WenChang Chain, the first BSN (blockchain-based service network) Open Permissioned Blockchain (OPB) Initiative to go to market.
Powered by Cosmos’ interoperable blockchain ecosystem, WenChang Chain’s low-cost, user-friendly, open blockchain platform allows developers to deploy and implement smart contracts based on a variety of virtual machine environments and provides an interoperability standard for decentralized applications (dApps) to access and achieve invocation between smart contracts and off-chain data/computing.
A consortium blockchain implementation, WenChang Chain refactors the advanced underlying technology of public chains, including Cosmos Hub and IRISnet, to become compliant with Chinese enterprise standards and offers permissioned controls over node deployment and multi-level management of security. The global city node infrastructure,
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.