Huobi China is one of the first big names to join the ‘Blockchain Services Network Alliance’ (BSN).
The cryptocurrency firm was unveiled as a member during the recent Blockchain Service Network Partner Conference, which was sponsored by the National Information Centre (NIC), China UnionPay (the country’s equivalent to Visa), and China Mobile.
It is believed that the alliance will look to develop and implement a national blockchain service infrastructure which spans across public networks, regions, and institutions, according to local media outlet Xinhua.
The network has been planned by top-level employees at the NIC and is being independently developed by China UnionPay and China Mobile.
“The blockchain service network can effectively reduce the threshold of blockchain application and facilitate the rapid promotion and application of blockchain technology,” said Lin Yunan, director of the NIC.
Other members of the alliance include China Telecom, China Merchants Banks International, and Weizhong Bank.
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