-Chinese government plans identity verification with blockchain.
The Chinese Ministry of Public Security plans to implement a blockchain-based identity verification system that it says will help keep personal data and identity credentials secure.
The Chinese Ministry of Public Security plans to launch a new blockchain-based platform called RealDID to verify the real-name identities of its citizens.
According to a press release for an event held on December 12 by the Blockchain-based Service Network (BSN), a Chinese blockchain company, the project, planned with the Chinese government, will have multiple use cases. These include personal real name confirmation, encrypted personal data protection and certification, private logins, enterprise identities, personal identification certificate services, and personal identity information vouchers.
The application will allow Chinese citizens to register and log in to online portals anonymously using DID addresses, ensuring the privacy of transactions and data between individuals and companies.
Although there is no official mention of a launch date or when it will be rolled out to China's 1.4 billion people, the announcement claims that it has "enormous potential" to ensure personal privacy.
BSN is managed by China's National Information Center and has ties to large Chinese technology companies such as China Mobile and China UnionPay.
This comes after six Chinese social media platforms, including the popular WeChat, in late October imposed a mandate that content creators with more than 500,000 to 1 million followers must publicly display their real names and any endorsements. financial.
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Credits: SAVANNAH STRONG
