The China social credit system is a broad regulatory framework, intended to report on the ‘trustworthiness’ of individuals, corporations, and governmental entities across China. The goal of the China social credit system is to provide a holistic assessment of an individual or a company’s trustworthiness. The China social credit system, while still in development, is arguably an extension of existing social rankings and ratings in China which have existed for millennia. The consequences of a poor social credit score could be serious. It may affect travel prospects, employment, access to finance, and the ability to enter into contracts. On the other hand, a positive credit score could make a range of business transactions for individuals and corporations much easier. Scary stuff, and I’d argue that the Governments in the West ain’t far behind in the curtailment of our Freedoms.
The Social Credit System in China
