CasperLabs, a blockchain software company, announced a partnership with China’s Blockchain Services Network (BSN) on Friday. Under the agreement, which was issued as a non-fungible token (NFT) as a memorial, Casper Network will be added as the blockchain for the Fuzhou City Network to be used in the development of public and private crypto infrastructure in the region. – called “Fuzhou Network Powered by Casper”. RockTree Capital, a New York-based investment firm, was instrumental in implementing the agreement between Casper and the city of Fuzhou.
As stakeholders have stated, the main goal of the partnership is to allow BSN to take advantage of Casper’s scalability, security and decentralization, as well as the use of the Open Blockchain Protocol (OPB) to eliminate the need to use cryptocurrencies to pay gas fees. Since its launch in 2019, BSN has expanded to over 120 public city nodes across China, and acts as data centers that manage and process transactions on their end-to-end blockchain networks.
Mrinal Manohar, co-founder and CEO of CasperLabs, said of the development:
“In partnership with Casper, BSN leverages Casper’s scalability, security and decentralization. The use of OPB precludes the use of cryptocurrencies to pay for gas. Together, this makes it easier for developers in and around Fuzhou to build public and private blockchain applications at a lower cost. “