China Launches Pilot of Blockchain Service Network, This Crypto Exchange Joins it

Published December 2, 2019 | Updated December 2, 2019

crypto tether china
Image Source: Shutterstock

China Launches Pilot of Blockchain Service Network, This Crypto Exchange Joins it

  • Hangzhou, Zhejiang in China hosted the first Blockchain Service Network Partner Conference on December 1, 2019.
  • They announced the launched of a Blockchain Service Network designed by the National Information Center (NIC).
  • Leading cryptocurrency exchange, Huobi China, joins as one of the first members.

The NIC in China, along with the China UnionPay, China Mobile Communications Group Zhejiang Co., and Hangzhou Municipal People’s Government, hosted the first-ever Blockchain Service Conference.

At the conference, the pilot version of the blockchain network was launched.

China’s City Brain Platform

The network is formed to promote efficient, transparent, and credible government services. It will also form the basis of the public blockchain infrastructure that will include payments with the digital renminbi (Chinese Currency) in the future as well.

Reportedly, the project is kickstarting with three applications for the city’s brain city platform: “run once,” hotel disinfection supervision, and road health ecological detection.

The state is planning to deploy a globally interoperable blockchain infrastructure on top of the internet. This will span across geographies and host a wide array of applications while providing transparency.

Huobi China, the Chinese arm of one of the largest cryptocurrency exchange Huobi Global, has joined the Blockchain Network Service Alliance (BSN). The alliance includes industry leaders in telecom, as well as banking. It includes China Mobile, China Telecom, China Merchants Bank International, Weizhong Bank, and so on.

How do you think Huobi’s inclusion will play out in the future? Please share your views with us. 

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author

Subscribe to our newsletter for free

Nivesh Rustgi 1181 Articles
Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)
Follow Nivesh @

Loading Next Story