Extraordinary Genius
chapter-1271

“What did you say? You want Chinese Web’s real-name system to be a pilot test?” Feng Yu is shocked.

The higher-ups intend to implement the real-name system on the internet, but Feng Yu did not expect Shi Dazhu to raise this up in the meeting.

Since the higher-ups want to test this system, they will support and subsidies. This will be advantageous for the Chinese Web to develop.

“Will the higher-ups agree?”

“They don’t need to spend a single cent, and all the work will be done by us. They are only helping us with the relevant approvals and paperwork, and they will know if the real-name system can work in China. Why will they not agree to this pilot testing? Maybe you are not aware that Korea and Japan had started to introduce this real-name system on the internet now.”

Feng Yu is not surprised as Korea was the first developed country to implement the real-name system. In 2005, Japan was the next developed country to enforce this system. Korea has the best internet network infrastructure globally and is the first country to succeed with this system. When it comes to internet development, they are the most advanced in the world.

Of course, this is because of Korea’s size and population. They can succeed with this system is because they made use of a few major corporations to implement it throughout the country.

Korea only has a few major corporations like Samsung, Daewoo, LG, Hyundai, etc. It is easier to implement this system with their support.

In Feng Yu’s previous life, China started to implement this system after seeing Korea succeed. China started with Tencent by implementing QQ group chat and administrator of forums to register with their Identification card number.

Of course, many oppose this system, and it was not smooth sailing. Some people used fake IDs. IDs and currencies can be counterfeit, let alone online accounts.

Many people are trying their luck, thinking that no one can notice if they used fake IDs. Furthermore, they are using someone else’s ID and name. Who will know the account is fake?

This is just like registering for new phone numbers. Some people had also used another person’s ID to register.

Feng Yu felt it will be better to implement the real-name system for mobile phone numbers first. Of course, it will also not be easy to implement it. There are high roaming charges across cities now, and many people like to use multiple SIM cards when they travel.

After the mobile phone and roaming charges are lowered, it will be much easier to implement this system.

But it’s just like stock accounts’ real-name system. In Feng Yu’s previous life, many people had opened trading accounts using a few hundred IDs, and he had helped someone do this as a broker then.

Buying a few IDs from rural villages and then opening trading accounts with these IDs allowed people to exploit the loopholes.

“Did they request us to get our users to register with their ID numbers?”

“No. When users register, we can give them options for them to pick like mobile numbers.”

“Good to hear that. Have the package models for each company been finalized?”

“It’s done. Users can integrate their QQ numbers, emails, forum IDs, etc., and none of them had lost out.” Shi Dazhu is slightly disappointed as his Giant Web still does not have any good internet products.

“How about the basic structure? When can it be ready?”

“It is ready now, but we still need some support from the higher-ups. For example, we need detailed information from all the schools and streets. All these need approvals from them.”

Feng Yu knew this is very difficult without support from the higher-ups. They can get the data themselves, but it might not be accurate and take a long time.

But without this detailed information, it is almost impossible to find someone accurately. Searching by names might get too many people with the same name.

The selling point of this website is helping the users to find someone quickly. If this cannot be done, it will be meaningless.

“How long will it take for this website to be ready?”

“Should be around three months. The basic coding is written by Sina, Sohu, and Tencent Group. They have relevant experiences in developing such products, and other companies’ software engineers and programmers are providing backup support and testing.”

“The charging fee codes will be handled by NetEase and Alibaba, and Lenovo Kingsoft will be handling the cybersecurity. Baidu will be handling the search engine, and Giant Web will be in charge of the rest. Each company is responsible for a certain part, and we can set up this site quickly.” Shi Dazhu replied.

Shi Dazhu is handling the hardest part of this project. Collecting data and coordinating with the higher-ups. But he also suggested another solution, which is selling a stake to a State-owned company.

With a National-level State-Owned company involved in this company, it will be easier to get approvals from the relevant authorities. Of course, the State-owned company can only get 5% of its shares and do not have any authority to interfere with its operation.

When the person-in-charge of that State-Owned investment company heard this company is set up by Feng Yu and the rest, he felt it must be profitable. He also felt this will be a great opportunity to build a relationship with Feng Yu and the rest.

The person-in-charge felt that being able to chat with them during Director meetings or shareholders’ meetings can give him many more opportunities.

Feng Yu and the rest did not object to Shi Dazhu’s suggestion. Of course, this investment company is also a minor shareholder without any voting rights of NetEase, Sohu, etc. This is the company that had bought the delisted companies’ shares, but the boss had been replaced.

“Manager Shi, this site might be more popular than other websites after it is launched. Also, it has the potential to develop other uses to create profits.”

“I know. Since everyone picked me as the Chairman, I will be responsible for this company.”

There are too many shareholders, and despite Tai Hua Holdings is the main shareholder. Still, Zhong Qingxian does not have experience in managing an internet company. So, Shi Dazhu volunteered to be the Chairman and CEO of this company, and the rest will be the directors. But he will still be in charge of most of the decisions within the company.

Shi Dazhu might have gotten the highest authority in this company, but he had to put in the most effort. He had always wanted to set up an internet technology company, but he does not have any good products. He will not volunteer to be the Chairman and CEO of this company, as the salary is not high.

“Manager Shi, we are the first to come up with this idea, and many companies will be copying us in the future. I believe no matter which company had copied us, we will be the first to turn this idea into reality!”

Mark Zuckerberg, you will be known as an imitator in the future!