The post Blockchain-based ID Verification for 1.4 Billion Citizens: China appeared first on Coinpedia Fintech News

China’s BSN initiative will verify the real names of its 1.4 billion citizens using blockchain technology, raising data privacy concerns. This follows similar measures on social media platforms, requiring creators with over 500,000 followers to display their real names. BSN claims RealDID is the world’s first national-level digital identity system. The U.S. recently removed China’s Institute of Forensic Science from trade sanctions to combat fentanyl trafficking, despite human rights concerns.

The post Blockchain-based ID Verification for 1.4 Billion Citizens: China appeared first on Coinpedia Fintech News

China’s BSN initiative will verify the real names of its 1.4 billion citizens using blockchain technology, raising data privacy concerns. This follows similar measures on social media platforms, requiring creators with over 500,000 followers to display their real names. BSN claims RealDID is the world’s first national-level digital identity system. The U.S. recently removed China’s Institute of Forensic Science from trade sanctions to combat fentanyl trafficking, despite human rights concerns.