Posted on by Doug Santo

Media/social media/some western governments trumpeting Chinese communist style social credit scores. Reject this tyranny.

Worldwide Social Credit Industry – Infrastructure to Support Social Credit Systems Represents a $16.1 Billion Opportunity by 2026 – ResearchAndMarkets.com

    • The COVID-19 pandemic has facilitated substantial interest in citizen monitoring solutions
    • Infrastructure to support social credit systems represents a $16.1B global opportunity by 2026
    • Cameras and other optical equipment for social credit systems will reach $723M globally by 2026
    • Advanced computing will be used in conjunction with AI to provide nearly flawless identification and tracking
    • Various forms of biometrics will be used for identity verification as well as verifying the presence/location of people
    • Starting as tangential to public safety and homeland security, the social credit market becomes mainstream by2026
    • Social credit systems represent the ability to identify (mostly people but also some “things”) and track activities for purposes of grading behaviors and applying “social credit” scoring. A given grading/scoring methodology depends largely on social credit system objectives and metrics.

However, most systems will have socially acceptable behaviour at their core. This presents both a challenge and an opportunity as a combination of government, companies, and society as a whole must determine “good”, “bad”, and “marginal” behavior within the social credit market.

Doug Santo