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Home / Market / China’s blockchain identity system, RealDID, is now being extended to Hong Kong
China’s blockchain identity system, RealDID, is now being extended to Hong Kong

China’s blockchain identity system, RealDID, is now being extended to Hong Kong

2025-05-24  Per Henrikson

Created by China’s Ministry of Public Security, RealDID leverages the Blockchain-based Service Network (BSN) to offer users a decentralised method for managing identity. Unlike traditional identity platforms that store sensitive user data in centralised databases, RealDID issues each user a unique blockchain-based identifier linked to a cryptographic key pair. The private key remains with the user, while the public key is used for verification during logins, sign-ups, or identity checks. This design ensures that users can authenticate their identity without exposing personal details such as their name, national ID, or mobile number. RealDID’s privacy-centric model allows individuals to satisfy Know Your Customer (KYC) requirements, particularly for financial platforms in Hong Kong, without sacrificing data security or anonymity.


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