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Blockchain-Based ID Verification Comes to China: Because Who Needs Actual Security When You Can Have a Fancy Computer Screen?

BlockchainCrypto NewsFeatured Linda Williams October 4, 2024

A futuristic cityscape with a giant computer screen dominating the center, displaying rows of digital IDs and verification codes in neon lights. In the foreground, a person stands confidently with their arms crossed, surrounded by swirling data streams that represent secure encryption. Meanwhile, a faint image of an old-fashioned keyhole lingers in the shadows, symbolizing outdated security methods.

Blockchain: because who needs actual security when you’ve got ‘self-sovereign’ identities and a bunch of numbers on a computer? Zetrix, a Malaysian blockchain company that’s somehow still in business despite my best efforts to destroy it with words, has partnered with the Chinese government to bring digital ID verification to their citizens abroad. Because what could possibly go wrong when you’re verifying IDs using a technology that’s only slightly more secure than a Magic 8-Ball? ZCert is the new service, which allows users to publish their official Digital Identities on the Xinghuo Blockchain Infrastructure and Facility (BIF), because who needs actual security protocols when you’ve got ‘smart contracts’ powering your services?.

Source: cointelegraph

Zetrix brings digital ID verification to Chinese nationals abroad
https://cointelegraph.com/news/malaysian-zetrix-digital-id-verification-chinese-nationals-abroad
The Malaysian Zetrix blockchain will offer electronic Know Your Customer verification for Chinese nationals abroad. Called ZCert, the new service is available to people who choose to publish their official Digital Identities (IDs) on the Chinese state-run Xinghuo Blockchain Infrastructure and Facility (BIF). Zetrix is able to offer the ZCert service thanks to its integration with Xighuo BIF, which is run by the China Academy of Information and Communications Technology. […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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