Close Menu
    • Digital Transformation
    • Open Banking
    • Funding
    • Remittance
    • Regtech
    • Hong Kong Fintech Report
    • HK Fintech Startup Listing
    • China
    • Taiwan
    • Submit Press Release
    Facebook LinkedIn X (Twitter) YouTube RSS
    • About
      • About Fintech News Network
      • Contact Us
      • Work With Us
    • FNN Media Kit
    • Fintech Newsletter
    • Submit Press Release
    • Submit
      • Submit Press Release
      • Submit Startup
      • Webinar Inquiry APAC
    • HK Fintech Startup Directory
    Fintech Hong Kong
    part of Fintech News Network

    Fintech News Network

    LinkedIn Facebook X (Twitter) Instagram YouTube TikTok RSS
    Free Newsletter
    • Payments
    • Blockchain
    • Wealthtech
    • Virtual Banking
    • InsurTech
    • Lending
    • Report
    • Fintech Events
    Fintech Hong Kong

    Fintech News Network

    Home»Blockchain/Bitcoin»ConsenSys Partners China’s State-Backed Blockchain Network
    Blockchain/Bitcoin China

    ConsenSys Partners China’s State-Backed Blockchain Network

    Fintech News Hong KongFintech News Hong KongJanuary 26, 20213 Mins Read
    LinkedIn Facebook Twitter Telegram Copy Link Email
    ConsenSys Partners China’s State-Backed Blockchain Network
    Share
    LinkedIn Facebook Twitter Telegram Copy Link Email
    Free Newsletter

    Get the hottest Fintech Hong Kong News once a month in your Inbox

    ConsenSys, a global blockchain software company, announced a partnership with the Blockchain-based Service Network (BSN), China’s national blockchain infrastructure, to make blockchain more accessible for enterprises and government organisations.

    GFTN Moving from Hype to Impact Preparing for an Agentic Future

    As part of the partnership, ConsenSys Quorum, an open-source protocol layer that serves as a foundation for businesses to build Ethereum-based enterprise solutions, will be available in about 80 different cities through BSN’s public city nodes throughout mainland China.

    The ConsenSys Quorum will be packaged with other mainstream permissioned and public blockchain networks to sell to enterprises and governments, offering a much larger and deeper market in China.

    So far 108 public city nodes have been deployed connecting over 80 cities across mainland China and 8 public city nodes in other countries around the world.

    This year, BSN aims to have over 10 permissioned and 30 more public blockchain protocols for developers to use at low cost on its global network.

    In the coming months, GoQuorum will be made interoperable with some frameworks and protocols already part of the BSN via BSN’s Interchain Communications Hub. Developers can soon build on Quorum and achieve easy interoperability on BSN to build advanced IT systems that can satisfy sophisticated business logic.

    ConsenSys Codefi applications such as Orchestrate, Workflow, and assets will be available on the BSN marketplace so developers can more quickly build reliable and scalable business applications.

    Blockchain developer training programmes facilitated by Red Date Technology will also commence nationwide.

    Yifan He, CEO of Red Date Technology and the executive director of BSN Development Association
    Yifan He

    “After the launch, BSN will include Quorum in BSN’s training programs in 2021 to substantially accelerate the enterprise adoption of blockchain technology and Ethereum-based solutions in China.

     

    GoQuorum will also be interoperable with other permissioned frameworks and open permissioned frameworks on BSN, building the blockchain cornerstone for the ‘new infrastructure’ in China,”

    said Yifan He, CEO of Red Date Technology and the executive director of BSN Development Association.

    Joseph Lubin, Founder of ConsenSys
    Joseph Lubin

    “Decentralised protocols like Ethereum are a breakthrough in how we can imbue trust in all of our systems, by facilitating deeper collaboration and the creation of digital assets. ConsenSys Quorum is unique in that it spans the whole range of needs for enterprises in terms of privacy and permissioned features, yet is still compatible with the Ethereum mainnet.

     

    We believe that the different open source blockchain protocols need to interoperate, and with the BSN we are taking a significant step forward in bringing ConsenSys Quorum to many enterprises in China that could benefit from transparent collaborative business networks,”

    said Joseph Lubin, Founder of ConsenSys.

    Since its launch in April 2020, the BSN is backed by the State Information Center of China (SIC), a think tank under the National Development and Reform Commission (NDRC), the highest economic planning agency. It is a cross-cloud, cross-portal, cross-framework, blockchain-based global infrastructure network.

    BSN was designed to empower developers and companies to create, deploy and manage next-generation decentralised applications (dApps) more efficiently, conveniently and at low cost across multiple different protocols under a uniform standard.

    Red Date Technology, a Beijing-based software company, China UnionPay and China Mobile are the founding companies behind the BSN. Red Date Technology oversees the R&D, daily operations and maintenance of the BSN.

    So far, BSN has deployed more than 2,000 blockchain applications across enterprises and government organisations in China.

     

    ReportMalaysia Fintech Report 2026Read
    Blockchain-based Service Network (BSN) BSN Consensys
    Share. LinkedIn Facebook Twitter Telegram Copy Link Email

    Author

    Avatar photo
    Fintech News Hong Kong
    • Website
    • Facebook
    • X (Twitter)

    Related Posts

    Hong Kong Treasurers Among the Most Advanced Users of Digital Currencies in APAC

    October 30, 2026

    PhotonPay Raises US$40 Million in Series C to Expand Stablecoin Payments

    October 30, 2026

    BlackRock, SBI and Startale Explore Tokenised Fund Link to Yen Stablecoin

    October 27, 2026

    RedotPay Reportedly Weighs Pre-IPO Round at Up to US$5B Valuation

    October 27, 2026

    SFC Approves 24/7 Trading of Tokenised Public Funds

    October 26, 2026

    LianLian Global Lets Platforms Pay Creators via PayPal and Venmo

    October 26, 2026

    China’s 15th Five-Year Plan Targets a National Blockchain Network

    October 26, 2026

    StanChart-Led Anchorpoint Plans Retail Stablecoin With No Date Set

    October 26, 2026
    Fintech Hong Kong Newsletter
    Subscribe to the most important Fintech Hong Kong News
    Follow Us
    • LinkedIn
    • Facebook
    • X / Twitter
    • Instagram
    • YouTube
    • TikTok
    Featured Fintech Reports

    Moving From Hype to Impact: Preparing for An Agentic Future

    LexisNexis Solutions

    Featured Fintech Event

    Hong Kong FinTech Week and StartmeupHK

    Payments Sponsored Post

    Fubon Bank (Hong Kong), ShopBack Launch Co-Branded Visa Platinum Card in Hong Kong

    Fintech News Hong Kong October 15, 2026
    Featured Webinar Replay

    How Fintechs Can Thrive in the Age of AI

    Is BNPL The Greatest Evil?

    Featured Fintech Videos

    Is BNPL The Greatest Evil?

    Hong Leong's New Card Is Forged in Fire And You Can't Apply for It

    Hong Kong Fintech Report

    Hong Kong Fintech Report 2025

    Whitepapers & E-Books
    State of Digital Trust: AI Governance Benchmark
    State of Digital Trust: AI Governance Benchmark
    Sumsub
    Upcoming Fintech Events
    Country
    Hong Kong FinTech Week x StartmeupHK 2026
    November 2, 2026
    -
    November 6, 2026
    Hong Kong
    Featured
    Cosmoverse 2026
    November 5, 2026
    -
    November 6, 2026
    Hong Kong
    Asian Banking & Finance and Insurance Asia Summit – Hong Kong
    November 5, 2026
    Hong Kong
    -
    Tsim Sha Tsui
    Asian Insurance Forum 2026
    November 13, 2026
    Hong Kong
    AVCJ Private Equity Forum Hong Kong 2026
    November 16, 2026
    -
    November 19, 2026
    Hong Kong
    -
    Central
    Promote Event View More
    FINTECH RESOURCES

    Navigations
    • About Fintech News Network
    • Contact Us
    • Media Kit
    • Work With Us
    • Fintech Hong Kong Newsletter
    • Submit a Fintech Hong Kong Press Release
    • Fintech Events Hong Kong & China
    • Fintech HK Startup Report
    • Submit Your HK Fintech Startup
    • Privacy Policy / Disclaimer
    Other Fintech News Network Publications
    Fintech News Hong Kong
    Fintech News Singapore
    Fintech News Malaysia
    Fintech News Philippines
    Fintech News Network Indonesia
    Fintech News Network Australia
    Fintech News Switzerland
    Fintech News Baltic
    Fintech News Nordics
    Fintech News America
    Fintech News Middle East
    Fintech News Africa
    Get Informed

    Subscribe to Updates

    Subscribe to the most important Fintech Hong Kong News

    LinkedIn Facebook X (Twitter) YouTube RSS
    • About Fintech News Network
    • Contact Us
    • Media Kit
    • Work With Us
    • Fintech Hong Kong Newsletter
    • Submit a Fintech Hong Kong Press Release
    • Fintech Events Hong Kong & China
    • Fintech HK Startup Report
    • Submit Your HK Fintech Startup
    • Privacy Policy / Disclaimer
    © 2015 - 2026 Copyright Finanzpro GmbH. All Rights reserved.

    Type above and press Enter to search. Press Esc to cancel.