BTC/USD = $42231.39
BLVR/USD = Login

News details

China's BSN partners with TON Labs to utilize Telegram blockchain

  • Posted On - 2021-03-01 13:05:06

TON Labs and China’s Blockchain-based Service Network are having a collaboration to build applications on the Telegram-built TON protocol.

According to a report announced on Monday, the partnership grants TON’s access to BSN developers.

Along with other instances of adapting public networks to the BSN China infrastructure, TON Labs is going to adapt the Telegram-built TON protocol that suits the demands of Chinese regulations. Hence, the TON network implementation on BSN China will be an Open Permissioned Blockchain or OPB version.

He Yifan, CEO of Red Date Technology & a founding member of the BSN, said that Chinese developers will be looking to the low latency, scalable TON blockchain as a suitable base layer for developing useful applications.

For TON Labs, this collaboration with the Chinese blockchain infrastructure project will help to grow developer activity on the TON protocol and by bringing more value to the project.

Commenting on the possible benefits of the collaboration for both partners, TON Labs CEO Cyril Paglino remarked that the project was a testament to the possibility of generating capable alliances between decentralized and centralized enterprises, adding:

“It’s a creative approach to send a strong message that a company, a country, a people, even when facing certain statutory hurdles, can still find a way to use technology earmarked for everyone on the planet despite whatever localized mandates there may be, and while remaining in total compliance, vis-a-vis, adoption.”

On the basis of a report from Cointelegraph, However Telegram abandoning the TON blockchain following regulatory pushback on its Gram token project, the technology underpinning the project continues to work further. Rather than being run by the messaging app service, the protocol is now community-owned under the aegis of the Free TON network.

TON is the latest publicly accessed blockchain to make a splash on the permissioned BSN China. Given the strict regulatory environment in China, the BSN project has two major implementations — BSN China and BSN International.

Back in February, Cosmos became the first public blockchain to be added to BSN China.

Source: https://cointelegraph.com/news/china-s-bsn-partners-with-ton-labs-to-utilize-telegram-blockchain