China has launched RealDID, an identity verification system that uses blockchain technology, in response to worldwide concerns and security measures taken by the United States. 1.4 billion people will use the system.
The Chinese government has introduced a new program called RealDID. One goal of this project is to ensure that all 1.4 billion Chinese citizens can be positively identified via the blockchain. Both the Chinese Ministry of Public Security and the Blockchain-based Service Network (BSN) are spearheading the project.
Users will be able to join and access websites using RealDID without disclosing any personal information. The goal of this service is to protect company information from personal information by using DID addresses and private keys.
According to BSN, RealDID is the first decentralized identification system on a nationwide basis using actual names. While BSN Global handles overseas operations independently, the National Information Center, China Mobile, and China UnionPay run BSN China.
Under the guise of national security concerns, a US bipartisan bill has been introduced to prohibit government personnel from using blockchains developed in China, such as iFinex, the parent company of Tether.
Concerned about human rights in China, the United States recently lifted trade restrictions that had targeted China’s Institute of Forensic Science, which assists in the battle against fentanyl trafficking.
The National Narcotics Control Commission recently issued a circular about the dangers of international law enforcement’s access, and in response, China has cautioned its chemical producers not to make fentanyl precursors.
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