The Chinese Ministry of Public Security is collaborating with the Blockchain Service Network (BSN) to implement a blockchain-based platform called RealDID for verifying the real-name identities of citizens. RealDID will have multiple use cases, including personal real-name confirmation, encrypted protection of personal data, private logins, business identities, personal identification certificate services, and information vouchers on personal identity. The application aims to allow Chinese citizens to register and log into online portals anonymously using decentralized identity (DID) addresses, ensuring privacy in transactions and data.
The Chinese Ministry of Public Security is collaborating with the Blockchain Service Network (BSN) to implement a blockchain-based platform called RealDID for verifying the real-name identities of citizens. RealDID will have multiple use cases, including personal real-name confirmation, encrypted protection of personal data, private logins, business identities, personal identification certificate services, and information vouchers on personal identity. The application aims to allow Chinese citizens to register and log into online portals anonymously using decentralized identity (DID) addresses, ensuring privacy in transactions and data.
Key Points:
RealDID Platform: The Chinese Ministry of Public Security plans to roll out a new blockchain-based platform called RealDID for verifying the real-name identities of citizens.
Multiple Use Cases: RealDID will serve various purposes, including personal real-name confirmation, encrypted protection of personal data, private logins, business identities, personal identification certificate services, and information vouchers on personal identity.
Anonymous Registration: The application will allow Chinese citizens to register and log into online portals anonymously using decentralized identity (DID) addresses, ensuring privacy in transactions and data.
Collaboration with BSN: The project is a collaboration with the Blockchain Service Network (BSN), a Chinese blockchain firm that operates under the National Information Center and has ties with major tech companies like China Mobile and China UnionPay.
Rollout Details: While there is no official mention of the rollout date or when RealDID will be implemented across China's 1.4 billion population, the announcement highlights its "huge potential" in guaranteeing personal privacy.
Tech Initiatives in China: China has accelerated initiatives and regulations around emerging technologies, including artificial intelligence, central bank digital currencies (CBDCs), cryptocurrencies, and boosting domestic semiconductor chip production.
The Chinese Ministry of Public Security is collaborating with the Blockchain Service Network to implement RealDID, a blockchain-based platform for verifying citizens' real-name identities. RealDID aims to offer multiple use cases and enable anonymous registration, ensuring privacy in transactions and data. The collaboration reflects China's focus on emerging technologies and initiatives to enhance domestic capabilities.
(SAVANNAH FORTIS, COINTELEGRAPH, 2023)