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- 1 The initiative, named RealDID, is spearheaded by China’s Ministry of Public Security in collaboration with BSN.
- 2 China’s top social media platforms mandated content creators with substantial followings to publicly disclose their real names.
In a landmark announcement, the Blockchain-based Service Network (BSN), a national-level blockchain initiative in China, has revealed plans to employ blockchain technology to verify the real-name identities of the country’s vast population of 1.4 billion people. The initiative, named RealDID, is spearheaded by China’s Ministry of Public Security in collaboration with BSN. In addition to enhancing online security and data privacy, it is also expected to raise some data privacy concerns.
China has been at the forefront of blockchain innovation and is now one of the world’s technological powerhouses reportedly moving ahead to implement the tech for identification. The nation’s commitment to harnessing blockchain technology for societal advancement and online security is exemplified by the RealDID initiative.
As China continues to play a pivotal role in the global technological landscape, initiatives like RealDID set the stage for further integration of cutting-edge technologies into everyday life.
The RealDID initiative is set to revolutionize how individuals verify their identities online in China. This move, as reported by state media in October, aims to bolster credibility and enable greater public supervision over online content.
With the implementation of RealDID, it is expected that these platforms will have a more streamlined and secure mechanism for real-name verification, further reinforcing trust in their services.
According to an official release from BSN, RealDID represents the world’s first national-level decentralized identity system. This groundbreaking development underscores China’s commitment to harnessing blockchain technology for the betterment of society and online security.
The initiative is expected to set a precedent for other nations seeking innovative solutions for identity verification in the digital age.
BSN China is a collaborative effort spearheaded by China’s National Information Center, in partnership with prominent Chinese tech giants such as China Mobile and China UnionPay. The international operations of BSN are managed independently by BSN Global, a separate entity with stringent security measures in place.
This separation is designed to maintain data privacy and ensure that international users can have confidence in the system’s integrity.
While the RealDID initiative holds great promise in terms of enhancing online security and data privacy, it also raises concerns among data privacy advocates. The use of blockchain technology for identity verification at a national level brings into question the potential for mass surveillance and government control over individuals’ online activities.
After the recent developments, the Chinese government will address these concerns and strike a balance between security and privacy. The implementation of RealDID can potentially influence global discussions surrounding identity verification and data privacy.
As the world’s most populous nation adopts this cutting-edge technology, other countries may look to China as a model for secure and efficient identity verification systems. This initiative could also catalyze further advancements in blockchain technology and its applications in various sectors.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
