ENDEVR | China's Social Credit System - How to live in the world's biggest Prison? | ENDEVR Documentary @ENDEVRDocs | Uploaded June 2024 | Updated October 2024, 2 hours ago.
China Social Credit Score System | Get Real | ENDEVR Documentary
Watch the Next Episode here: youtube.com/watch?v=YvBfohnly5I
Since 2020, China has been implementing a nationwide social credit system that monitors the behavior of every citizen and uses the data to score individuals and companies on their trustworthiness. The Alipay online payment system, used by a third of the country's population, grades the behavior, preferences, spending habits, and academic qualifications of users to determine the Zhima or Sesame* credit score ranging from 350 to 950. A high Sesame credit score grants privileges like preferential loan terms and quicker access to public services. However, those with low credit scores face problems such as restricted access to loans and public services. Critics argue that the system risks widening social class divides and being used as a tool to silence dissent.
*Zhima Credit also known as Sesame Credit is a private company-run credit scoring and loyalty program system developed by Ant Group, an affiliate of Alibaba Group. It uses data from Alibaba's services to compile its score.
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#FreeDocumentary #ENDEVR #china #chinanews #socialcredits
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ENDEVR explains the world we live in through high-class documentaries, special investigations, explainer videos and animations. We cover topics related to business, economics, geopolitics, social issues, and everything in between that we think are interesting.
China Social Credit Score System | Get Real | ENDEVR Documentary
Watch the Next Episode here: youtube.com/watch?v=YvBfohnly5I
Since 2020, China has been implementing a nationwide social credit system that monitors the behavior of every citizen and uses the data to score individuals and companies on their trustworthiness. The Alipay online payment system, used by a third of the country's population, grades the behavior, preferences, spending habits, and academic qualifications of users to determine the Zhima or Sesame* credit score ranging from 350 to 950. A high Sesame credit score grants privileges like preferential loan terms and quicker access to public services. However, those with low credit scores face problems such as restricted access to loans and public services. Critics argue that the system risks widening social class divides and being used as a tool to silence dissent.
*Zhima Credit also known as Sesame Credit is a private company-run credit scoring and loyalty program system developed by Ant Group, an affiliate of Alibaba Group. It uses data from Alibaba's services to compile its score.
▬▬▬▬▬▬▬▬▬
Subscribe to ENDEVR for free: bit.ly/3e9YRRG
Facebook: bit.ly/2QfRxbG
Instagram: instagram.com/endevrdocs
▬▬▬▬▬▬▬▬▬
#FreeDocumentary #ENDEVR #china #chinanews #socialcredits
▬▬▬▬▬▬▬▬▬
ENDEVR explains the world we live in through high-class documentaries, special investigations, explainer videos and animations. We cover topics related to business, economics, geopolitics, social issues, and everything in between that we think are interesting.
