China has seen blockchain’s future and it doesn’t include cryptocurrencies China’s Blockchain-based Service Network (BSN), a major state-backed digital infrastructure company, on Tuesday launched BSN Spartan Network, which it said was a new international network for public blockchains with no cryptocurrency involved. BSN, regarded by some as leading the digital equivalent of Beijing’s multibillion-dollar Belt and Road infrastructure plan, was founded in 2020 to help shape China’s Web 3.0 infrastructure. It has powerful backers, including the National Development and Reform Commission, which sets and executes national economic policy. “Cryptocurrency — we consider it as a speculative asset,” Yifan He, an...