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The origin of the Social Credit System can be traced back to the early 1990s as part of attempts to develop personal banking and financial credit rating systems in China, and was inspired by Western commercial credit systems like FICO, Equifax, and TransUnion. [17]
China has a much lower rate of credit use than developed markets. [4]: 67 As a result, it lacks the associated credit reports. [4]: 67 Zhima Credit was introduced on 28 January 2015. It was the first credit agency in China to use a score system for individual users, using both online and offline information. [5]
Further issues raised in regard to human rights include the severe lack of workers' rights (in particular the hukou system which restricts migrant labourers' freedom of movement), the absence of labour unions independent of the CCP, [6] [7] the implementation of Social Credit System and its blacklist, which serve to restrict a person and their ...
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Foshan city of China’s southeastern province Guangdong launched a blockchain-based corporate social credit system with an automated credit rating function, state-backed media reported on Thursday.
"Nosedive" was widely compared to China's Social Credit System, a government initiative which began pilot projects in 2014, [35] initially using private systems such as Sesame Credit. [ 36 ] [ 37 ] The state projects were implemented differently by local governments, but each collected data on citizens in order to assign them an overall score ...
China is planning to make deepfakes illegal which is described as the way to prevent "parody and pornography." [56] In July 2019, the CAC announced a regulation that said that Internet information providers and users in China who seriously violate related laws and regulations will be subject to Social Credit System blocklist. It also announces ...
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