The Chinese Ministry of Public Security plans to implement a blockchain-based identity verification system that it claims will help keep personal data and identity credentials safe.
The Chinese Ministry of Public Security plans to roll out a new blockchain-based platform called RealDID to verify the real-name identities of its citizens.
According to a press release for an event held on Dec. 12 by the Blockchain Service Network (BSN), a Chinese blockchain firm, the project, planned with the Chinese government, will have multiple use cases. These include personal real name confirmation, personal data encrypted protection and certification, private logins, business identities, personal identification certificate services and information vouchers on personal identity.
The application will allow Chinese citizens to register and log into online portals anonymously using DID addresses, which will ensure transactions and data remain private between individuals and businesses.