Combination of surveillance, AI, sensors, and biometrics will be used to monitor the activities of citizens to determine “good”, “bad”, and “marginal” behavior within society, according to market research firm.
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:
Most systems will have socially acceptable behaviour at their core. This presents both a challenge and an opportunity as a combination of government, companies, and society as a whole must determine “good”, “bad”, and “marginal” behavior within the social credit market.
Beginning as a trend largely orthogonal to public safety and homeland security concerns, the market for social credit system infrastructure will ultimately become a mainstream component of both business and public policy.
This means that systems will ultimately be used for a variety of commerce and lifestyle-related issues ranging from risk assessment (access to credit, financing fees, insurance, etc.) to accessibility within public places such as concerts, sporting events, and other assemblies. High social scoring individuals within the social credit market will be granted preferred access to both real and digital assets.
Social credit system infrastructure includes analogue and digital surveillance, Internet-enabled devices like smartphones, wearable devices, security systems, sensor-enabled physical objects, and surveillance devices that use biometrics and computer vision. Technologies include broadband wireless (WiFi, LTE, and 5G), IoT, AI algorithms, and big data analytics platforms, processes, and procedures.
The implementation of the social credit system will require cooperative efforts by the world’s largest corporations:
- Analog Devices
- Bosch Security Systems
- Broadcom Limited (Avago)
- China Rapid Finance
- Deep Vision AI
- Infineon Technologies
- NEXT Biometrics
- NVidia Corporation
- NXM Semiconductors
- Omron Corporation
- Robert Bosch GmbH
- Texas Instruments
As Infowars predicted, the COVID-19 pandemic was the first building block of the establishment’s Great Reset plan to impose a China-style social credit system, first acclimating the public to accept vaccine mandates and vaccine passports to participate in society.
This social credit system will also be imposed in tandem with a central bank digital currency, as announced by Bank of International Settlements head Agustín Carstens: