Enhanced privacy: China adopts blockchain for citizens' identity verification with RealDID
As China strives to reduce reliance on semiconductor chips from the United States, the RealDID project emerges as a pioneering step towards a technologically resilient and privacy-focused society.
Highlights
- RealDID is poised to redefine the way citizens authenticate their identities in various online and offline interactions
- This innovative approach ensures that transactions and data exchanges between individuals and businesses remain private and secure
In a strategic move towards bolstering personal data security, the Chinese Ministry of Public Security is set to unveil a groundbreaking blockchain-based identity verification system. The initiative, known as RealDID, is poised to redefine the way citizens authenticate their identities in various online and offline interactions.
RealDID: A multi-faceted solution for identity verification
The forthcoming RealDID platform, developed in collaboration with the Blockchain Service Network (BSN), promises a multifunctional approach to identity verification. Among its diverse applications are personal real name confirmation, encrypted protection of personal data, private logins, business identity verification, personal identification certificate services, and information vouchers on personal identity.
Anonymous online portals with DID addresses
One notable feature of RealDID is its capability to enable Chinese citizens to register and access online portals anonymously using Decentralised Identifier (DID) addresses. This innovative approach ensures that transactions and data exchanges between individuals and businesses remain private and secure. While the official rollout date remains undisclosed, the announcement emphasises the system's "huge potential" in safeguarding personal privacy.
China's technological leap and regulatory landscape
China, already a frontrunner in technological innovation, has recently accelerated initiatives across various domains. Notably, the country is focusing on artificial intelligence, central bank digital currencies (CBDCs), and cryptocurrencies. In the wake of concerns about data security and privacy, the RealDID initiative aligns with the nation's commitment to providing a secure and advanced digital environment for its 1.4 billion citizens.
The National Information Center of China operates the BSN and collaborates with leading Chinese tech entities like China Mobile and China UnionPay. This move follows the recent mandate imposed on social media platforms, including WeChat, requiring content creators with substantial followings to disclose their real names and financial backing.
As China strives to reduce reliance on semiconductor chips from the United States, the RealDID project emerges as a pioneering step towards a technologically resilient and privacy-focused society. The integration of blockchain in identity verification reflects China's commitment to staying at the forefront of global innovation while addressing critical issues surrounding data security and user privacy.
