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Business point of view, this feature will be fundamental let BSN interoperate with other systems (like DCEP) and in supporting chinese Chinese and foreign corporations to collect and deploy a trusted stream of data for securing strategic investments plans.
At the completion he project will offer three services: cross BaaS solutions, cross cloud portal connections, cross framework interoperationinter operation.
Business sector associations such as the Chinese Bank Association are starting to implement their own solutions focusing on industries such as trade finance, supply chain finance, supply chain operations and logistics, copyright and IP, judicial and legal, health and digital identity.
Focusing finance ecosystem, PBOC and SAFE in the last two years set up trade finance solutions connecting finance industry, SMEs and national authorities in order to boost cross border operations connected with international hub based in Hong Kong.
Blockchain service providers such as Aliyun and Baidu will run their BaaS into BSN nodes providing blockchain solutions at cheaper implementation costs and in an easy way for development crossing different markets needing offering different solutions for each different business case.
In the longer term, BSN could be considered as a focal strategic and technological architecture that would be enable businesses from China mainland to expand overseas with the support of a secure and distributed network.
DCEP could represent a way to fully drive overseas investments in terms of political orientation and economic accountability.
The two pillars joining together will create a continuous flow of assets (data and transactions), able to efficiently support the execution of Belt and Road Initiatives (BRI) and other national investment development programs that still are struggling in some areas of the world because of lack of inter-connectivity, transparency, governance and accountability.
Proposed by Eugenio Reggianini & Andrea Frosinini