Company aims to monetise China’s social credit system
- 5 years ago
China is developing a controversial social credit system of rewards and punishments meant to encourage people and businesses to abide by rules and to promote integrity and trustworthiness in society at large. The government aims to have it in place by 2020, and so far its most visible applications include a ban on people from booking express trains or flights if they appear on various “blacklists”. While there are still many questions about how the system will be implemented, at least one…