New York-based Ethereum hub ConsenSys has partnered with the Blockchain-based Service Network (BSN) to bring its enterprise ledger, Quorum, to Chinaâs nationwide blockchain project.
As part of the partnership, announced Monday, ConsenSys Quorum, an open-source protocol layer that serves as a foundation for businesses to build Ethereum-based applications, will be available in about 80 different cities through BSNâs public city nodes throughout mainland China.
âChina is a great example of where enterprise blockchain is a strong play,â said Charles dâHaussy, director of strategic initiatives and ConsenSysâ man in Hong Kong. âWhat Ethereum is doing with ConsenSys Quorum is connecting people who are essentially migrating from the permissioned chain to the global chain.â
Itâs a plum announcement for Quorum, the privacy-centric blockchain originally designed by engineers from JPMorgan. Quorum appeared to be in the wilderness for a time, between being spun out of the bank and re-housed within the ConsenSys ecosystem.Â
âQuorum was very much associated with JPMorgan, but there was also this open-source software which was available to many developers,â said dâHaussy in an interview. âIt may not have been apparent, but there was this large audience of enterprise users, and we are now bringing to this ecosystem other products and applications from ConsenSys.â
The BSN was founded in April 2020 by Red Date Technology, a Beijing-based software company, China UnionPay and China Mobile. BSN spans various cloud environments and portals in China (Quorum is already integrated with Alibaba Cloud), and is also backed by the Chinese government in the form of the National Development and Reform Commission (NDRC), an economic planning agency.
Designed to be the backbone of the so-called âDigital Silk Road,â BSN has so far deployed 108 public city nodes, connecting over 80 cities across mainland China and eight public city nodes in other countries around the world, according to a press statement.
âAfter the launch, BSN will include Quorum in BSNâs training programs in 2021 to substantially accelerate the enterprise adoption of blockchain technology and Ethereum-based solutions in China,â Yifan He, CEO of Red Date Technology and the executive director of BSN Development Association, said in a statement.
âGoQuorum will also be interoperable with other permissioned frameworks and open permissioned frameworks on BSN,â He said, âbuilding the blockchain cornerstone for the ânew infrastructureâ in China.â
Summing up, dâHaussy pointed out permissioned blockchain was the obvious start of the journey for many large firms but that commercially these networks are extremely hard to get off the ground.
Enterprise blockchain has been given strong support from the government in China and the tech is a good fit for the countryâs sprawling manufacturing landscape, he said.
âChinaâs industries, which are a global network of large and small suppliers, are not integrated as they were in the past,â said dâHaussy. âThey are jumping on coordination tools such as blockchain.â