The Chinese Ministry of Public Security is set to introduce a blockchain-based identity verification system, aiming to bolster the security of personal data and identity credentials.
Known as RealDID, this initiative, announced during a Blockchain Service Network (BSN) event on Dec. 12, aims to validate citizens’ real-name identities in diverse scenarios. The system’s applications span real name confirmation, encrypted protection of personal data and credentials, private logins, business identity validation, personal identification certificates, and identity-based information vouchers.
RealDID will enable Chinese citizens to access online platforms anonymously via DID addresses, ensuring the privacy of transactions and data exchanges between individuals and businesses.
Although the official implementation timeline for RealDID across China’s vast population of 1.4 billion remains undisclosed, the announcement highlights its potential to significantly safeguard personal privacy.
Operated by China’s National Information Center, the BSN maintains ties with prominent Chinese tech entities like China Mobile and China UnionPay.
This move follows the recent enforcement, in late October, by six Chinese social media platforms, including WeChat, of a mandate requiring content creators with 500,000 to 1 million followers to publicly disclose their real identities and financial backing.
China continues its swift advancement in various technological realms, emphasizing artificial intelligence, central bank digital currencies (CBDCs), and cryptocurrencies through updated regulations and initiatives.
