Social credit refers to the reputation of an individual or a body corporate.
As human beings, we judge others using the scales of social credit. Those are establishments under individual perceptions.
The uptake of technology is at different levels within different governments.
The status is that some are for it while others are still skeptical about it.
To demonstrate, banks and financing institutions do not advance loans to you without checks. They carry out a form of assessment, that’s to establish the economic viability of you paying back.
Of course, there are debates around the Moral hazard. For sure, financial institutions cannot get to track you full time. In addition, they are in business and so are you.
The Emerging Social Credit Aspect
China is currently underway with a very radical project.
By comparison, credit scoring is taking things an in inch deeper. Evidently it’s so when reputations are in the picture.
It’s a government project targeting to track individual and corporate habits. At the back-end fish out individual reports.
A social credit scoring system is a merger of:
and big-data aspect.
The uptake of technology is at different levels. By comparisons within different governments. Some are for it while others are still skeptical about it.
There is a huge red- flag.
That’s when a social credit system rolls out as a pilot project. Whats is the catch, if a government displays defiance to the ideals of democracy?
The early emerging trends
The first culprit here is the democracy of the citizens. The Social credit system narrows that space!
How? At the click of a mouse, the systems can sift out your political views. And, you cannot deny them.
In essence, if you buy that ‘certain’ newspaper. Or have purchased several ‘hoodies’ known to belong to that underground movement.
The point is, you can’t have that safe space any more.
To illustrate that,
- Your internet logs at disposal of easy tracking.
- You use TOR browser 95% of your online time.
What are they up to.
In any case, social credit goes that deep.
Off course the human elements within the governing system get to know all our hidden aspects.
They system in place unearths all that via a system that is in place.Obviously it’s at the hands of the highest authority of the land.
That is not to contend with the entire tailoring approach of social credit system in China. There are sure targets to drop. Here are some:
- Drug lords and even their vulnerable cohort of users will be easy to crack. Pretty easy with a perfect social credit system.
- Others are the cartels in child and human trafficking.
What is the bigger picture in social credit systems?
Our current ages have computing at another level.
The main hall marks come with’
- machine learning and,
- artificial intelligence.
With them a national social credit system is not a pipe- dream. It’s achievable, especially when a government has put it in place. They have the budgets and human resources to roll it out.
What is in its future
With social credit systems, it’s not the first time. Distributed ledger systems(DLTs) are now common. They are the core of many apps by now .
From other viewpoints, quantum computing is also gaining traction. We already have massive proof from the deployment of Blockchain technologies.
Blockchains , not only for Cryptocurrencies. Other great apps that have the ability to merit up to handy products and services. Blockchains offer good platforms.
They fit well within,
- One the supply and,
- Demand aspects of data and info-sets.
Thus, making it an ideal tech for the ideal social credit system.
The biggest undoing with a the system is in its ability to misuse. What can a government do with the trails of all that information?
However, no individual is any bigger than a government is. In this situation, regarding democratic spaces. Under mass surveillance, an individual is not ‘very safe’.
Why? That’s especially when autocratic rulers are in power.
It will have a great arena by 2020.