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Financial Analytics: Science and Experience
 

China's BSN Blockchain Network as a national advanced infrastructure

Vol. 15, Iss. 2, JUNE 2022

Received: 8 November 2021

Received in revised form: 19 November 2021

Accepted: 28 November 2021

Available online: 30 May 2022

Subject Heading: Economic policy

JEL Classification: E58, G15, G24, O31

Pages: 187–204

https://doi.org/10.24891/fa.15.2.187

Hasan S. UMAROV Credendo – Ingosstrakh Credit Insurance, Moscow, Russian Federation
hasan_umarov@mail.ru

ORCID id: not available

Husan S. UMAROV OOO PAYMO, Moscow, Russian Federation
khusan0000@gmail.com

ORCID id: not available

Tokhir S. UMAROV Algori. Io, Tashkent, Republic of Uzbekistan
umarov.tokhir@gmail.com

ORCID id: not available

Subject. This article discusses the issues related to China's Blockchain Service Network (BSN) national initiative.
Objectives. The article aims to consider the BSN Development Alliance mission to implement the BSN infrastructure initiative and assess the prospects of this implementation to solve present-time urgent problems.
Methods. For the study, we used analysis and systematization.
Results. Based on the materials of scientific conferences and foreign consulting agencies' and technical documents analytical and statistical data, the article presents certain results of the analysis of the BSN national infrastructure implementation and some problematic issues hampering this process in China.
Conclusions. The prospects for the implementation of a long-term global BSN project in China, as well as in other countries, the importance of the Chinese government's activities in the legislative regulation of the BSN blockchain infrastructure and the implementation of long-term perspective projects China Standards 2035 and Smart City deserve great attention.

Keywords: blockchain, distributed ledger technology, BCOS, Blockchain Service Network, SIC

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