Cosmos became the first public blockchain to be added to the Chinese-only version of the Blockchain-based Service Network.
The Blockchain-based Service Network, the Chinese blockchain infrastructure project, tweeted on Monday that it has adapted Cosmos (ATOM) to the Chinese network. Unlike the international version, the Chinese BSN only supports permitted enterprise blockchains.
Therefore, Cosmos, which is only integrated into Chinese BSN, is an Open Permission Blockchain or OPB version called Wenchang Chain. The hybrid was developed by Chinese blockchain startup Bianjie, who is also the company behind the development of IrisNet.
In September 2020, IrisNet was among a number of public networks added to the BSN International ecosystem, along with other chains such as Ethereum, Tezos, Nervos, Neo, and EOSIO.
Later in the month, the cross-cloud, cross-frame and cross-portal infrastructure project also added other public blockchains such as Solana, Algorand, and ShareRing.
BSN also previously announced plans to integrate up to 40 public blockchain before the end of the summer.
Given BSN’s goal of promoting permissioned blockchain interoperability, Cosmos integration could be an important step towards achieving this goal. As a multi-chain ecosystem, Cosmos focuses on cross-chain value transfer for both digital assets and data.
However, the need for a licensed version of the multi-chain protocol is in line with China’s regulatory environment that even prevails for the BSN China and BSN International dilemma.
Alongside this new development, Cosmos launched the Inter Blockchain
Community protocol for the developer community as part of a new Stargate software development kit in January.
Cosmos is already leading development efforts to expand the emerging decentralized finance field beyond Ethereum. In mid-2020, Kava was launched on the Cosmos blockchain, allowing users to deposit Binance Coin (BNB) and earn USDX stablecoin.
Cosmos sees adoption outside of the DeFi space as Microsoft recently acquired Soil Credits through the Regen Network built on the Cosmos blockchain.