Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
China Advances Blockchain-Based Identity Verification Program

China Advances Blockchain-Based Identity Verification Program

DailyCoinDailyCoin2023/12/12 17:18
By:DailyCoin
  • China has introduced a new service for verifying the identity of its citizens.
  • The service will reach “all walks of life in society.”
  • The service comes with controls to address user privacy concerns.

China is accelerating its plan to use blockchain technology in verifying the identity of its 1.4 billion citizens, according to an announcement made at a conference held in Beijing on December 12.

Dubbed the real-name DID (RealDID) service, the latest digital identity initiative is a collaborative effort between China’s national-level Blockchain-based Service Network (BSN) and the Ministry of Public Security.

China’s First National-Level Decentralized ID System

According to the announcement , the RealDID service integrates two primary infrastructures of the BSN and the Cyber Technology Identity Card (CTID) chain to complement the management requirements of “anonymity at the front desk and real name at the backend.”

The statement noted that once launched officially, the initiative will play an important role in fostering the development of the digital economy and supporting the construction of national data infrastructure.

“It provides "authoritative, safe, credible and convenient" unified network identity authentication services to all walks of life in society, playing an important role in many fields such as government affairs and people's livelihood, transportation, medical health, financial services, digital communications and so on,” the statement read.

Although China’s move will likely spark concern among data privacy proponents, the RealDID service will launch with multiple application scenarios, including the BSN personal privacy protection login service.

User Privacy Control Measures

Per the statement, when accessing the RealDID service, users will have control over using their personal digital identities and information by choosing what they want to disclose to different businesses.

Similarly, the service will mandate businesses to obtain “necessary and minimized” information to enhance their ability to protect personal privacy and data security.

Read why Bitget halted registration in China:
Bitget Halts Registrations in China, Teases Big Announcement

Stay updated on why a Chinese court recently discredited crypto lending:
Chinese Court Discredits Crypto Lending in Landmark Ruling

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitget Spot Bot adds PUMP/USDT

Bitget Announcement2025/07/15 08:00

New spot margin trading pair — PUMP/USDT!

Bitget Announcement2025/07/15 06:58