Nice topic and i’m interested in this domain.
As you may know, Sesame Credit is well-known in China’s social credit field. Sesame Credit assign a social score to its users based on basic information, payment history, etc. And if we get high social score, we can get some benefit like no need to deposit, getting extra service, smooth transaction, …
For me, there are pros and cons below.
– Pros –
- People try to increase their social score, which leads to keep order in society.
- We can visualize our credibility, which leads reduction of transaction costs. This realized sharing economy and unmanned shops.
– Cons –
- Evaluation criteria is unclear.
- If some people get low social score, they could be limited their opportunities of improving the score because of less transaction, which could leads to fix the score.
There are a lot of problems, but as current country do, we keep order by laws and other criteria.
And reduction of transaction by unmanned is really attracted.