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Chinese Government rolls out trust ratings to combat corruption | World Finance

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The Chinese Government’s new tool to generate trust is known as ‘social credit’, and is currently in the process of being rolled out. The plan is to generate a score for every citizen based on how trustworthy they are. The system will aim to instil trust by combining carrot and stick: those with a good score will reap rewards, while a bad score will lead to punishments, such as public blacklisting and restrictions.

From Chinese Government rolls out trust ratings to combat corruption | World Finance

Now, in one way, this is a back to the future thing. When we all lived in clans and roamed the savannah, the social credit score of each and every one of us was stored in the “shared ledger” of the memories of the clan members.

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