Findora, a decentralized financial technology provider has partnered with BSN (Blockchain-based Service Network), the Chinese government-backed blockchain infrastructure provider. The agreement will allow Findora to integrate BSN’s technology via API and SDK into the network infrastructure, as its partner incorporates Findora’s auditable and confidential blockchain into its developer offerings.
Yifan He, Executive Director of the BSN Development Association and CEO of Red Date Technology noted regarding the association that “data privacy and the protection of individual financial assets is of vital importance in a modern digital world. We are proud to attract partners like Findora that leverage blockchain technology in financial services to enable reliable data transactions and protect privacy “.
BSN was co-founded by state telecom giant China Mobile, UnionPay, and fintech Red Date. Its goal is to create a single domain that allows blockchain networks worldwide to communicate and operate with each other, in a unified ecosystem. Through the Findora blockchain, BSN hopes to be able to offer users inside and outside China, the technology necessary for financial applications that preserve privacy and solutions demanded by global financial institutions such as the issuance and transfer of traceable financial assets, thanks to the zero-knowledge technology applied by Findora on its blockchain.
In this sense, the award-winning Dr. Whitfield Diffie, a member of the Findora Advanced Research Institute pointed out that both companies share “the same vision of the future of global decentralized financial infrastructure”. Integrating with BSN and its universal blockchain service network is an important step in enabling individuals and businesses of all sizes to control their own data, identity, and financial assets.”