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Saturday, March 12, 2022

Global Social Credit Industry

 

Global Social Credit Industry: Social Credit System Infrastructure Represents $16.1 Billion Opportunity by 2026

by Jamie White March 12th 2022, 10:52 am

The social credit system pioneered by Communist China represents a lucrative multi-billion dollar global market opportunity in the wake of the COVID pandemic, according to a market research firm.

A report by ResearchAndMarkets.com called “SocialCredit Market by Physical and Cyber Infrastructure (Sensors, Cameras, Biometrics, Computer Vision), Software (Machine Learning, Data Analytics, APIs), Use Cases, Applications, Industry Verticals, and Regions 2021 – 2026” assessed the market opportunities and infrastructure support for the implementation of a social credit system by 2026, representing about $16.1 billion in potential profits.

The report claims the COVID-19 pandemic has driven “substantial interest” in “citizen monitoring solutions”, and proposes the use of a combination of surveillance, AI, sensors, and biometrics to track the activities of citizens for the purpose of applying a social credit score, predicted to be “mainstream” by 2026.

From Business Wire:

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Source:  infowars.com

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