Governing body for BSN Spartan Network formed
The BSN Foundation, a global blockchain infrastructure organization based in Singapore, has officially announced its launch with five international founding members. These members include Blockdaemon, Zeeve, Toko, GFT Technologies, and Red Date Technology. The foundation will serve as the governing body for the BSN Spartan Network, a public infrastructure network based on the open-source BSN Spartan data center software. This launch is a significant milestone for the foundation as it seeks to establish a new international standard for decentralized IT infrastructure.
Support and expertise from organizations around the world
Tim Bailey, Vice President of Global Business at Red Date Technology, expressed the importance of the launch and the recognition and support it demonstrates for the BSN Spartan Network. The participation of organizations from different regions, including the United States, Germany, and Hong Kong, highlights the wide applicability and potential of the network. These organizations bring expertise in areas such as blockchain-as-a-service, asset tokenization, financial services, and consulting.
Beyond technology innovation
The BSN Spartan Network aims to shift how public chain technology is utilized and governed. By focusing on non-cryptocurrency public chains and a decentralized governance model, the network aims to create a more stable and accessible network for businesses worldwide. This approach moves away from the volatility associated with traditional cryptocurrencies like Bitcoin.
About the BSN Spartan Network
The BSN Spartan Network, launched in September 2022, features a non-tradable token (NTT) issued on its default chain. Each BSN Spartan data center has one registered NTT wallet to manage and hold NTT. The token can be purchased with fiat currency, stablecoins, or acquired through incentive programs.
Separation from BSN Networks in China
While the BSN initiative was originally initiated in China, the BSN Spartan Network, governed by the Singapore-based BSN Foundation, is distinct from the BSN Networks in mainland China. The network operates using international standards, is completely open source, and operates separately from the networks in China.
