Posted 12/12/2023, 6:00:00 AM
China Rolls Out Blockchain ID System for 1.4 Billion Citizens, Raising Privacy Concerns
- China launching blockchain-based identity system called RealDID to verify identities of 1.4 billion citizens
- Uses decentralized identifiers (DIDs) and private keys for anonymous logins to websites
- Part of China's Blockchain-based Service Network (BSN) overseen by government agencies
- Aims to enhance credibility and enable supervision of major social media content creators
- Sparking data privacy concerns as China expands use of blockchain technology