According to a report from CoinDesk, blockchain technology will be implemented to ascertain the real-name identities of China's 1.4 billion population, according to an announcement from the Blockchain-based Service Network (BSN), China's national-level blockchain initiative – likely ruffling the feathers of data-privacy supporters.
China's Ministry of Public Security initiated the move, called RealDID, with help from BSN.
The RealDID service launch will allow users to register and log in to websites with an undisclosed identity using DID addresses and private keys, making sure that business data and transactions remain separate from personal data.
China's most popular social media platforms, including WeChat, Sina Weibo, Douyin, Kuaishou, Bilibili, and Xiaohongshu, demand content creators with over 500,000 or 1 million followers to publicly display their real names or those of their financial backers, state media reported in October.
State media said this was to increase credibility and allow public supervision.
BSN said in a release that this is the world's first national-level real-name decentralized identity system.
BSN China is operated by China's National Information Center in cooperation with Chinese big tech companies China Mobile and China UnionPay. Its international operations are handled solely by BSN Global, which is said to be a separate, firewalled entity.
CoinDesk recently reported that a bipartisan U.S. bill was being developed that would prohibit federal government officials from utilizing China-made blockchains and transacting with companies like Tether's parent iFinex, seeking to thwart potential national security risks and protect private data from foreign enemy access.
Recently, the U.S. removed China's Institute of Forensic Science, which is under the jurisdiction of the Ministry of Public Security, from a trade sanctions list to further counternarcotics collaboration, in spite of concerns over China's human rights practices, seeking to combat the trafficking of fentanyl and related chemicals into the United States.
Following this, China gave fair warning to its chemical manufacturers against producing fentanyl precursors.
In a recent circular, China's National Narcotics Control Commission said anyone involved in producing chemicals used to create the opioid were risking being met with the "long-arm jurisdiction" of foreign law enforcement.
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