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 tariff...
Comments
Post a Comment