Developed by the Ministry of Public Security of the People’s Republic of China, this platform is designed to allow Chinese citizens to authenticate their real names during online transactions and interactions with various institutions and organizations on the internet. The RealDID service ensures the protection of personal data through encryption and certification.
According to its creators, RealDID will enable users to register and access websites anonymously through decentralized identifiers (DID) and private keys. This will effectively separate data and transactions from personal information, significantly boosting user privacy and security. The precise launch date for RealDID to be made available to all 1.4 billion Chinese citizens has yet to be disclosed.
This initiative comes in the wake of recent regulations requiring social media influencers to disclose their real names on platforms such as WeChat, Sina Weibo, and Douyin. The Chinese government aims to enhance trust in online content and ensure greater transparency in the digital realm. In addition to these efforts, China is actively promoting its local digital currency, the digital yuan, as well as investing in the advancement of artificial intelligence (AI) and blockchain technologies.
However, China’s rapid progress in blockchain development has raised concerns in the United States. In November, US lawmakers introduced a bipartisan bill that seeks to prohibit government officials from utilizing Chinese-made blockchains, citing fears that these technologies could potentially grant China access to sensitive intelligence information.