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The Social Credit System (Chinese: 社会信用体系; pinyin: shèhuì xìnyòng tǐxì) is a national credit rating and blacklist being developed by the government of China. [1] The social credit initiative calls for the establishment of a record system so that businesses, individuals and government institutions can be tracked and evaluated ...
A Unified Social Credit Identifier is issued to registered companies and other types of organization by the Chinese government. It is "unified" in the sense that it is used both as the business registration number with the State Administration for Market Regulation (SAMR) and as the taxpayer identifier with the State Taxation Administration (STA).
Social credit is a distributive philosophy of political economy developed in the 1920s and 1930s by C. H. Douglas.Douglas attributed economic downturns to discrepancies between the cost of goods and the compensation of the workers who made them.
Chinese people are being introduced to a program that monitors their behavior, scores them, and doles out punishments and rewards.
One has to put it in the context of China's 1.4 billion population, and there are all sorts of problems to address. Reports of 'big brother' China social credit system untrue: AI expert Xue Lan ...
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.
In 2019, the South China Morning Post reported that the Beijing Subway would also begin sorting passengers using facial recognition based on information pulled from the social credit system and criminal offending databases. Commuters who exhibited anti-social behavior or had previous bad credit scores would also be penalized under the system. [127]
Credibility scores, social influence scores and other comprehensive evaluations of people are not rare in other countries. However, China's "social-credit system" remains to be controversial as this single score can be a reflection of a person's every aspect. [27] Indeed, "much about the social-credit system remains unclear". [26]