China to assign social credit scores to citizens by 2020

The video discusses the launch of a social credit system aimed at monitoring citizens and businesses by assigning trustworthiness points. Trustworthy individuals gain more societal access, while blacklisted ones face restrictions. Credit scores are calculated based on various factors, affecting access to services, employment, and business opportunities. High scores may lead to easier market access. Participation is not yet mandatory, but low scores could result in penalties like slower internet and restricted travel. Beijing plans to implement this system by 2020.

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