China has launched a blockchain-based identity verification system that will allow its 1.4 billion citizens to prove their real names online while protecting their privacy and data. The system, called RealDID, is developed by the Blockchain-based Service Network (BSN), China’s national-level blockchain initiative, with the support of the Ministry of Public Security.
RealDID is a decentralized identity (DID) solution enabling users to create and manage their digital identities using distributed ledger technology. Users can register and log in to websites using their DID addresses and private keys without revealing their personal information or linking their business data and transactions to their identities.
According to BSN, RealDID is the world’s first national-level real-name DID system, and it aims to improve the security, efficiency, and convenience of online identity verification. RealDID also complies with the global DID standards and supports cross-chain interoperability, meaning users can use their DIDs across different blockchain platforms and applications.
Blockchain Real-Name Policy Sparks Controversy In China
The launch of RealDID comes amid China’s efforts to enforce a real-name policy for social media platforms, which requires content creators with over 500,000 or 1 million followers to publicly display their real names or those of their financial backers. The policy, reported by state media in October, is intended to enhance credibility and enable public supervision of online content.
However, some critics have raised concerns over the potential impact of the real-name policy on freedom of expression and privacy rights. They argue that the policy could expose content creators to censorship, harassment, or legal repercussions for expressing dissenting opinions or sensitive topics.
The development of RealDID also reflects China’s ambition to become a global leader in distributed ledger technology, which President Xi Jinping has endorsed as a strategic priority. China has been investing heavily in blockchain research and development and promoting the adoption of blockchain applications in various sectors, such as finance, health care, logistics, and governance.
However, China’s blockchain initiatives have also attracted scrutiny and opposition from some foreign governments, especially the U.S., which views China’s blockchain activities as a potential threat to its national security and data privacy. A collaborative U.S. proposal aimed to prohibit federal officials from utilizing Chinese distributed ledger technology and engaging with entities such as iFinex, Tether’s parent company.
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