Teaming with other, similar smart contract networks like Algor | ShareRing Snippets (unofficial)

Teaming with other, similar smart contract networks like Algorand, Solana, and Polkadot will also be incredibly important. They all seek to build the future of the DeFi ecosystem and are quickly growing in popularity, and can bring different strengths to the table. By connecting other parts of the decentralized world, the BSN can get more functionality and liquidity to all the projects involved.

Further, a layer one permissionless protocol, like Cypherium's that is primarily focused on enabling the exchange of CBDCs, stablecoins, and cryptocurrencies like bitcoin, allows anyone to participate in its governance, making it the perfect platform to help grow integration with the coming CBDCs of the various governments of the world.

This allows for facilitating exchange between all these assets while staying in compliance, which is exactly what the blockchain is designed to do.

Other strategic partnerships include premier cloud services, Amazon Web Services, and Google Cloud, moving beyond blockchains. These collaborations will be essential for hosting the vast array of projects the BSN will work on in the coming months and years. Lastly, technical partners such as Dfuse and EOS Nation also bring their unique skills and perspective to help support every new development.

These partnerships will become mediums for moving value between the BSN and other global platforms. This allows it to seamlessly integrate the Digital Yuan with services inside and outside China. And once adopted, it could bring the entire web 3.0 economy into one functioning ecosystem.

That's why this is so much bigger than just China, but still, the BSN can act as a significant launching off point. Other nations may well see the success of CBDC's and hasten the launch of their own. What's vital, though, is that all these assets can be traded in liquid markets and utilized in global payment rails in a controlled and regulated manner to truly unlock the potential for tomorrow's internet.

#ShareRing is also part of the #BSN