The internet has a problem. On the one hand, we have the ‘Western internet’ where everyone can do as they like, where you can be anonymous and say/do whatever you want, but where reputation and online trust is difficult. As the famous saying goes: “on the internet, nobody knows that you are a dog”. On the other hand, we have the ‘Chinese internet’, where every action you do is recorded and contributes positively or negatively to your reputation. However, privacy is non-existent. None of these two internets is ideal, which is why we are working on a solution to make anonymity reputable and accountable.
However, for most of us, the ‘Western internet’ is known, while the ‘Chinese internet’ is less known. Especially their social credit scoring system that enables (online) reputation in China might be relatively unknown. This Sesame Credit scoring system is rapidly changing China and how Chinese citizens interact with each other. Let’s have a look what Sesame Credit is and what the effects are:
Sesame Credit’s Impact on Society and Privacy
The ability to provide product and service offerings to customers online requires businesses to assess risk. This risk assessment becomes difficult when a reliable online reputation system is practically …