BSN Foundation and the BSN Spartan Network: Pioneering Public IT Infrastructure
The Asia-Pacific Economic Cooperation (APEC) Summit with the theme “Creating a Resilient and Sustainable Future for All” convened world leaders, dignitaries, and delegations in San Francisco. The summit aims to promote free, fair, and open trade and investment, focusing on sustainability, digitalization, energy security, and other regional economic issues.
At the same time, in Singapore, the BSN Foundation announced its founding members and its role in blockchain-as-a-service. This announcement at the APEC Summit by the BSN Foundation was significant due to its role in advancing fundamental non-cryptocurrency public chain technologies, particularly in promoting IT systems worldwide.
The BSN Spartan Network, comprised of five founding members, aims to provide an infrastructure integrating non-cryptocurrency public blockchains for traditional IT systems to leverage blockchain technology more efficiently and cost-effectively. The network will be governed by the BSN Foundation via three core committees, each tasked with distinct activities such as R&D, governance coordination, and commercial matters.
Hot Take
BSN Foundation and its network of founding members strive to lead the way in pioneering public IT system development at a global level, focusing on blockchain-as-a-service and tokenization of real-world assets, and financial services and consulting, among others. Their efforts have the potential to revolutionize how businesses worldwide harness the benefits of blockchain technology.
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