Beijing Blockchain Network May Spark Chinese Net Dominance
The Chinese Blockchain Service Network (BSN), already active in all major Middle Kingdom cities and continuing to add interoperability options, could pose a major threat to America’s dominance in the digital realm, said a security expert and former CIA official – raising questions over the project’s possible implications for the crypto sector. In a recent analysis piece for Lawfare, Fanusie claimed that while the BSN is being touted as a “system of low-cost backend architecture on which software developers around the world can build blockchain applications, including digital assets such as cryptocurrencies,” it is also seen as a tool that will serve the core cyber policy interests of the Chinese Communist Party (CCP).
Fanusie opined that the BSN “could undermine movements for human rights and political freedom,” and added that “Much of the blockchain developer community has strong libertarian leanings, promoting decentralized applications as means for censorship resistance and to fund protests against authoritarianism and state brutality.” __
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