Social Scoring System



It's A Double Edged Sword

While it is good to have the ability to incentivize good behaviour through tokenization, the reverse may happen as authorities use it as a system of control.

"Since the government has gone forward in creating a ‘social score’ to reward or punish behavior in the country, cryptocurrency speculation falls into this area. By making paper/coin payments a smaller part of retailing, the government can monitor their citizens more closely and perhaps impact their social score." ~ Andre Szykier, the chief technology officer Bitcoin ATM operator Blockchain BTM

China is likely to become the most active blockchain market in the world, as it looks to spend $2 billion on projects by 2023. 

Quoted from Cointelegraph:

It is no surprise that China, as well as a host of smaller countries, were initially fearful of BTC and blockchain technology for their disruptive potential. 

However, since China was recently threatened with sanctions and tariffs, the local regime moved to realize that the U.S. dollar and the SWIFT monetary system were being used against it as weapons of war and attrition. 








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