Posted 12/12/2023, 12:49:59 PM
China Develops Blockchain-Based Digital ID System to Protect Citizen Data
- Chinese Ministry of Public Security plans blockchain-based identity system called RealDID for citizen ID verification
- Aims to help protect personal data and identity credentials
- Will allow citizens to register and login anonymously using DID addresses
- Tied to Blockchain Service Network (BSN), a Chinese blockchain firm
- Comes amid China's increased focus on emerging tech like AI, CBDCs, and crypto