The Singapore-based BSN Foundation, a global blockchain infrastructure organization, officially announced its launch with five international founding members on Nov. 16.
BSN’s founding members include the institutional digital asset wallet Blockdaemon, the blockchain infrastructure automation platform Zeeve, the digital asset creation platform Toko and tech firms GFT Technologies and Red Date Technology.
The newly formed BSN Foundation will serve as the governing body of the BSN Spartan Network, a public infrastructure network based on the open-source BSN Spartan data center software. The foundation’s launch marks one of the most significant milestones on its path to global expansion and its ambitions to establish a new international standard for decentralized IT infrastructure.
“The BSN Foundation launch is a vital step in our global expansion, demonstrating the international recognition and support for the BSN Spartan Network’s concept and goals,” Red Date Technology vice president of global business, Tim Bailey, told Cointelegraph. The foundation is launched with participation from organizations across different regions across the world, including the United States, Germany and Hong Kong, Bailey noted, adding:
Bailey stressed that the BSN Spartan Network is designed to significantly shift how the public chain technology is utilized and governed.
“By focusing on non-cryptocurrency public chains and a decentralized governance model, we’re not just innovating in technology but also in how global collaborations can shape the future of IT infrastructure,” the exec said. BSN’s approach ultimately aims to create a “more stable and accessible network” for businesses worldwide, moving away from the volatility associated with
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