Zetrix, a layer 1 public blockchain, announced today an exclusive partnership outside China with Astron-Xinghuo BIF, the international chain of China's national public permissioned blockchain under the Ministry of Industry and IT ("MIIT"), to jointly offer applications for Digital IDs of Chinese nationals and business entities. Through the service, known as ZID, individuals and businesses in China can now digitise their official national ID or business registration identity as a Web 3 Verifiable Credential ("VC"). In the case of business registration IDs, each unique VC can be presented to any third party overseas -- be it a government or commercial entity or a private individual -- who are then able to use the VC to verify the legitimacy and authenticity of the business in real time. Individual Chinese nationals can publish their national IDs as a VC that can then be accessed by verifying entities outside of China. In addition, the digitisation of driving licences for Chinese nationals for overseas verification is also available on the Zetrix platform.
Source: www.prnewswire.com