China’s BSN ‘Blockchain Service Network’ in partnership with Chainlink’s (LINK) is integrating oracle service into its ecosystem.
Earlier, BSN was formed by China’s State Information Center, China Mobile, China Unionpay, & Red Date Technologies. The goal of this consortium is to create infrastructure that will lower the doorway barriers to blockchain technology.
Blockchain Way Too Expensive To Be Adopted
The CEO of Red Date Technology and BSN co-founder ‘Yifan He’, said that when his company first started experimenting with blockchain technology, he was excited about the new capabilities it could lead to, but was appalled by how expensive it was:
“We really saw the upgrade from the web to the distributed way of transmitting data. So we actually liked the technology. But at the same time, we thought it’s just way too expensive to form sense because just to line up the environment, put the framework together and build the nodes, it costs almost half a billion yuan to line up the project.”
Chainlink Has Simplest Community & Best Support
Initially, Chianlink wasn’t BSN’s favorite choice, it had been second on the list of potential oracalized data providers. However, he says that they were swayed by the strength of Chainlink’s community and team:
“We checked out the top four, on the list, Chainlink wasn’t favorite. They were the other . But we saw that Chainlink has the simplest community, best support. […] Also, we actually liked the team.”