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Chinese Authorities Launch Blockchain Platform for Identity Verification

13.12.2023
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The Chinese Ministry of Public Security plans to perform verification of citizens via a blockchain platform. The system will ensure the security of personal data and IDs.

China Launches Blockchain Platform for Citizen Identification

The Chinese Ministry of Public Security announced the launch of the blockchain-based Decentralized Identifier (DID) platform. It’ll be a system for name verification and protection of citizens’ personal data, as well as certification and business authorization. The platform will issue IDs and information vouchers.

The DID platform was developed in cooperation with the Blockchain Service Network (BSN), which is under the full control of the State Information Center of China (SICC) and affiliated with major local tech companies such as China Mobile and China UnionPay. The main objective is to secure Chinese citizens’ personal data and identity documents within the dynamic space of the global network.

The app will allow Chinese citizens to use DID addresses to register and log in to online portals without having to share personal information. The app will enable users to remain completely anonymous. Privacy will also be preserved during online transactions between citizens and businesses.

An official launch date for the app is yet to be announced.

The statement of the Ministry of Public Security came a few months after a joint initiative of the six most visited social networks in China, under which popular bloggers or opinion leaders are required to indicate their real names on the profile page.

Chinese authorities are actively developing initiatives in the field of new technologies, including the development of central bank digital currencies (CBDC), blockchain, NFTs, and Metaverses.

Сообщение Chinese Authorities Launch Blockchain Platform for Identity Verification появились сначала на CoinsPaid Media.

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Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

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