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China’s Blockchain-based Service Network (BSN) and the Ministry of Public Security are conducting experiments on a real-name verification system using blockchain technology. The system, known as Real-Name Decentralized Identifier (RealDID), aims to provide China’s 1.4 billion citizens with digital ID addresses that eliminate the need for personal details when signing up for online platforms. The system uses a public key infrastructure (PKI) to store cryptographic keys on the blockchain after a real-name verification process, allowing users to create public-private key pairs to register on online platforms. The system aims to protect personal privacy data and combat cybercrime, but critics have expressed concerns about government access to personal information. The full-scale rollout of RealDID is expected to face challenges, but its success could set a precedent for future government regulation involving personal data.
China’s Blockchain-based Service Network (BSN) and the Ministry of Public Security have announced the start of experiments around a real-name verification system using blockchain technology. The platform, named Real-Name Decentralized Identifier (RealDID) system, is expected to provide China’s 1.4 billion citizens with DID addresses, eliminating the need to use personal details to sign up on online platforms. Using a public key infrastructure (PKI), the new digital ID service stores cryptographic keys on-chain after a real-name verification process.
