China’s Ministry of Public Security is gearing up to introduce a new blockchain-based platform called RealDID, aimed at verifying the real-name identities of citizens.
During an event hosted by the Chinese blockchain firm Blockchain Service Network (BSN) on December 12, it was revealed that the project, in collaboration with the Chinese government, will encompass various applications. These include personal real-name confirmation, encryption protection for personal data, authentication, private login, corporate identity, certification services for personal identity, and more.
The platform is expected to offer Chinese citizens the ability to register and access an online portal anonymously using a DID (Decentralized Identifier) address. This approach ensures that transactions and data exchanges between individuals and businesses remain confidential.
Although specific details regarding the platform's launch date or the extent of its implementation across China's vast population of 1.4 billion were not mentioned, the announcement highlighted its "significant potential" in safeguarding personal privacy. Notably, the BSN, operated by China's State Information Center, has established ties with major Chinese tech entities such as China Mobile and China UnionPay.
This development comes on the heels of reports from late October, which revealed that six prominent Chinese social media platforms, including the widely-used WeChat, are mandating content creators with sizable followings (ranging from 500,000 to 1 million followers) to publicly disclose their real names and any financial support received.
China has recently intensified efforts and regulations surrounding various emerging technologies, including the advancement of artificial intelligence, the development of central bank digital currencies (CBDCs), and cryptocurrencies. Additionally, the country is aiming to decrease dependence on U.S.-manufactured semiconductor chips by enhancing domestic chip production capabilities.
