Close Menu
  • Home
  • Crypto News
    • Bitcoin
    • NFT News
  • Metaverse
  • Defi
  • Blockchain
  • Regulations
  • Trading

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

XRP Price Prediction: RLUSD Pushes Ripple Stablecoin Adoption, But XRP Lags

April 30, 2026

Tether-Linked £5 Million Political Donation Draws Regulatory Scrutiny

April 30, 2026

Ripple Penetrates Middle East After Vegas: Garlinghouse Masterclass?

April 30, 2026
Facebook X (Twitter) Instagram
CredBit.com
  • Home
  • Crypto News
    • Bitcoin
    • NFT News
  • Metaverse
  • Defi
  • Blockchain
  • Regulations
  • Trading
Facebook X (Twitter) Instagram
CredBit.com
Home » China blockchain-based ID experiment aims to stop data leaks
Blockchain

China blockchain-based ID experiment aims to stop data leaks

December 29, 20233 Mins Read
Facebook Twitter WhatsApp Pinterest Telegram LinkedIn Tumblr Email Reddit VKontakte
China blockchain-based ID experiment aims to stop data leaks
Share
Facebook Twitter LinkedIn Pinterest Telegram Email

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. According to reports, the system authenticates users’ legal name, facial recognition, and government ID before allowing users to create an infinite number of public-private key pairs to register on online platforms.

A closer look at the RealDID system indicates that Chinese authorities can access users’ personal details, but enterprises will be restricted from accessing private information. Per the report, RealDID eliminates the need for users to input phone numbers or social media accounts during sign-up processes, giving greater control to users.

BSN notes that many privacy breaches stem from a lack of stiff controls over the sharing of personal information, fueling cybercrime across mainland China.

“In the digital era, a vast amount of personal privacy data, including identity information, location information, and communication information, is stored in various applications on the internet,” said BSN. “Establishing a robust mechanism for protecting personal privacy data is a fundamental requirement and an inevitable trend for the next step of internet development.”

Despite the perks associated with the new digital ID offering, critics have poked holes into the government’s ability to access users’ personal information. In defense of the project, He Yifan, CEO of Red Date, said that verifying personal data is, by default, a primary function of government across several jurisdictions.

“Whether you are in the US, Europe or anywhere else … you need a government-issued ID with a photo to board a plane,” He said.

Mainstream rollout will be a complex process

BSN notes that while the RealDID service will cater to China’s over 1.4 billion residents, the company says a full-scale rollout will be an uphill climb.

Over the next 12 months, BSN set a modest target to issue 5 million RealDIDs to citizens. The success of the experiments could trigger greater government support for the ambitious project, translating to more significant adoption metrics.

There is optimism among industry stakeholders that the service may provide a blueprint for future government regulation involving the use of personal data. China has embraced blockchain technology since its blanket ban on digital currencies in 2021, eyeing metaverse and non-fungible tokens (NFTs) use cases.

Watch: Blockchain tech will make gov’t more efficient and accessible

New to blockchain? Check out CoinGeek’s Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.


Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit VKontakte Telegram WhatsApp

Related Posts

California’s DMV is using the blockchain to prevent title fraud

July 30, 2024

What Are the Hottest Blockchain Stocks Right Now? 3 Top Pick

July 30, 2024

MetaCene and Mantle: Pioneering Blockchain Evolution in Gaming Industry

July 30, 2024

Argo Blockchain PLC Announces Private Placement With Institutional Investor

July 30, 2024

Transitioning from Miners to Stakers: Securing the Ethereum (ETH) Blockchain

July 30, 2024

This is How Developed a Decentralized e-Mail System Is on the Blockchain

July 29, 2024

Comments are closed.

Editors Picks

XRP Price Prediction: RLUSD Pushes Ripple Stablecoin Adoption, But XRP Lags

April 30, 2026

Tether-Linked £5 Million Political Donation Draws Regulatory Scrutiny

April 30, 2026

Ripple Penetrates Middle East After Vegas: Garlinghouse Masterclass?

April 30, 2026

XRP Price Prediction: Garlinghouse Locks In as Ripple Raises the Standard in Las Vegas

April 29, 2026
© 2026 - credbit.com - All Rights Reserved!
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA

Type above and press Enter to search. Press Esc to cancel.