The Chinese Ministry of Public Security intends to implement RealDID, a blockchain-based identity verification platform, to authenticate the actual names of its citizens and keep personal data and identity credentials safe.
The Chinese government is collaborating with the Blockchain Service Network (BSN), a Chinese blockchain firm, to organize an event on December 12.
A press release for the event states that the initiative will encompass various practical applications. The services above comprise personal real name verification, encryption and certification of personal data, private logins, business identities, personal identification certificate services, and information vouchers about personal identity.
The application will safeguard the confidentiality of data and transactions between organizations by enabling Chinese citizens to register and log in to online portals anonymously via DID addresses.
Although the official announcement did not specify the dissemination date or the timeframe for its implementation among China’s enormous 1.4 billion inhabitants, it did assert that the technology possessed “huge potential” in ensuring individual privacy.
China’s National Information Center operates BSN, which maintains partnerships with major technology corporations headquartered in China, including China Mobile and China UnionPay.
This follows reports from late October that six Chinese social media platforms, including the widely used WeChat, implemented a requirement for content creators with a following exceeding 500,000 to 1,000,000 to disclose their true identities and any financial support in a public manner.
China has recently expedited the implementation of numerous regulations and initiatives about emerging technologies, such as those concerning cryptocurrencies, central bank digital currencies (CBDCs), and artificial intelligence.
Additionally, it strives to reduce its reliance on domestically manufactured semiconductor processors by increasing domestic production.
