GSN — A Next Generation Solution for Social Credit
In 1894 AD, ancient Babylon was born. As the first dynasty of mankind, a system of social credit also existed. After a long history of development, the world’s social credit system has been dominated by the government, with developed countries in Europe and America acting as major stakeholders. The central credit registration system in these countries is the institution that serves the central bank or the commercial banks that carry out monetary policy.
A centralized credit registration system is only the internal credit risk control tool of the bank, but can not replace a social credit system. The emergence of local social credit intermediaries in Europe, America and other countries has complemented the central credit system. However, there are many illegal profit schemes in the p...