China Prepare to Use Blockchain for Verifying its Citizens Identity
China launches RealDID using blockchain to verify 1.4 billion identities, amidst global concerns and U.S. security measures.
A new initiative called RealDID has been announced in China. This initiative intends to use the blockchain to verify the identities of China’s 1.4 billion people.The initiative is led by China’s Ministry of Public Security along with China's Blockchain-based Service Network (BSN).
RealDID will allow users to register and log in to websites without revealing personal information. This service uses DID addresses and private keys, intending to keep business data separate from personal details.
China's major social media platforms require popular content creators to show their real names. This rule applies to those with over 500,000 or 1 million followers. They aim to increase credibility and public oversight.
RealDID is the world's first national-level real-name decentralized identity system, BSN stated. BSN China is operated by the National Information Center, China Mobile, and China UnionPay, with BSN Global managing international operations separately.
A U.S. bipartisan bill proposes banning federal officials from using China-made blockchains like Tether's parent company, iFinex, citing national security risks.
The U.S. recently removed China's Institute of Forensic Science from a trade sanctions list to help fight fentanyl trafficking, despite human rights concerns in China.
After a recent circular from the National Narcotics Control Commission about the risks of foreign law enforcement's reach, China has warned its chemical manufacturers against producing fentanyl precursors.
