China Uses Blockchain for Citizen Identity Verification
China and BSN collaborate on RealDID, using blockchain to verify identities for 1.4 billion citizens.
BSN, launched in 2022, lets Chinese companies explore blockchain within government constraints.
RealDID enables anonymous log-ins with decentralized ID, keeping personal info separate from business data.
New rules in China mandate social media influencers to display real names on major platforms.
Despite regulations, China is proactive in crypto; RealDID is claimed as the world's first national-level real-name decentralized identity system in Web3.