Cypherium establishes a strategic partnership with the Blockchain-based Service Network (BSN)

Author: Cypherium

Compiled by: ChainCatcher

Cypherium is a Layer 1 blockchain protocol designed to create financial inclusion through protocol interoperability while providing operational efficiency for its enterprise and institutional partners. It has announced a strategic partnership with the Blockchain-based Service Network (BSN), a global public infrastructure network that spans across clouds, portals, and has a strong global influence. This partnership aims to ensure that Cypherium's technology is accessible to developers worldwide.

Under the partnership, Cypherium's technology will be integrated into BSN, providing developers and companies with a one-stop solution— including programming, software development, resource and environment configuration, application deployment, gateway APIs, local SDKs, key certificates, and more— for building blockchain and distributed ledger technology (DLT) applications that can interoperate within a unified environment. BSN was created to facilitate the large-scale adoption of blockchain technology and has integrated over two dozen licensed and unlicensed blockchain frameworks, including Hyperledger Fabric, ConsenSys Quorum, Ethereum, Tezos, Solana, and Algorand.

The latest integration will bring Cypherium's unique scalability, security, and decentralization combination to the BSN ecosystem, enabling central banks to develop, deploy, manage, and exchange CBDCs more efficiently. This will also help strengthen Cypherium's role as a world-leading decentralized financial infrastructure to facilitate cross-chain compatible CBDC transactions.

He Yifan, CEO of Red Date Technology and Executive Director of the BSN Development Association, stated: "BSN aims to achieve interoperability between different blockchain frameworks and significantly reduce the cost of developing and operating blockchain applications. We are excited to announce the integration of Cypherium into BSN and to help support Cypherium's mission of achieving financial inclusion globally."

Before announcing the partnership, Cypherium also released a joint research report with institutions such as Facebook's Novi, Citibank, Mastercard, SWIFT, and central banks.

Additionally, Cypherium has been listed as a preferred startup by Société Générale Startup-Flow. Collaborations with global tech giants like Google, Microsoft, and Randstad further demonstrate Cypherium's commitment to addressing systemic inefficiencies in today's infrastructure by providing decentralized solutions powered by cutting-edge distributed ledger technology.

The Cypherium blockchain uses a hybrid consensus mechanism designed to achieve commercial viability while retaining the characteristics of decentralization and DLT. Cypherium's approach to creating financial inclusion among civilians, banks, governments, and enterprises begins with its Digital Currency Interoperability Framework. The DCIF is Cypherium's proprietary architecture that allows for the receipt or distribution of any asset on-chain or across ledgers, including CBDCs, stablecoins, and digital assets.