Red Date, MetaverseSociety Partner to Launch BSN Portal in S. Korea

The portal will be the Blockchain Services Network’s third in the APAC region.

Sep 1, 2021 at 4:50 a.m. UTC
Updated Sep 1, 2021 at 2:21 p.m. UTC

MetaverseSociety Corp. signed an exclusive partnership with Red Date Technology to operate South Korea’s first Blockchain Services Network portal, according to a Red Date press release shared with CoinDesk.

  • Through the portal, South Korean developers will be able to access a localized version of the BSN to build decentralized applications.
  • The BSN already runs portals in Hong Kong and Macau.
  • The BSN is an “internet of blockchains,” developed by Red Date under the auspices of Chinese government entities, China Mobile, China UnionPay and China State Information Center.
  • Seoul-based MetaverseSociety is the blockchain spin-off of IT consultancy CiDOW Corp. Its flagship product is the MarX Project, a decentralized finance (DeFi) and non-fungible token (NFT) platform.
  • MetaverseSociety expects that the “BSN will strengthen trust and increase efficiency in the linkage and utilization of global blockchain-based systems,” David DoYoen Kim, the company’s CEO, told CoinDesk. He added that in the mid to long term, public institutions and large corporations will be using private BSNs.
  • The network runs through 135 city nodes in China and eight nodes abroad, and offers developers Blockchain-as-a-Service across the majority of major protocols, including Ethereum, EOS, Polkadot, NEO, Tezos, Oasis, Hyperledger Fabric, ConsenSys Quorum and Corda, as well as the ability to connect between different chains.


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Eliza Gkritsi is CoinDesk's crypto mining reporter based in Asia.