Analyst: Political risks will hinder the global success of China’s blockchain platform

China’s Infrastructure Blockchain Platform (BSN) will continue to develop steadily in the country, but in the near future it will not become a global network. This view was voiced by Forrester’s chief analyst Marta Bennett in an interview with Cointelegraph.

“Companies will be wary of participating in initiatives that are closely tied to the Chinese state. There are also concerns about the level of government control over network access points,” she said.

According to her, U.S. sanctions, along with a desire by many countries to reduce dependence on China, will negatively affect BSN’s global success.

Skepticism about the global version of the platform was voiced by Kevin Feng, former chief operating officer of the blockchain company VeChain. He also considers the geopolitical climate around China to be one of the key problems for BSN International.

“American or European companies are concerned that a large portion of BSN’s blockchain infrastructure is hosted by Chinese cloud providers,” he said.

However He Ifang, CEO of Red Date Technology, the private company responsible for developing BSN, said that the current geopolitical climate has not affected the platform’s progress.

“Half of our technical partners are from the United States, and we work closely with cloud services Amazon Web Services and Google Cloud,” he noted.

BSN officially launched in April 2020 after six months of beta testing. In July, the platform was split into two components—BSN China and BSN International. The former is focused on China, and the latter on other countries.

Blockchain in Chinese: how China is creating a centralized platform for the development of DLT technologies

In August, BSN added support for six public blockchains, and later integrated the DAML smart-contract language from the American company Digital Asset.

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