China and the Social Credit System

Rogier Creemers

Recording: YesLanguage: English, DutchDuration: 45 min / 15 minSession rating: 4.1/5 from 79 participants
China and the Social Credit System

Session Summary

What are the consequences of China’s rapid growth in technology? Western news media are full of panic stories about Huawei, the social credit system, surveillance, artificial intelligence and big data, that China is supposed to use to build an Orwellian control society.

This session examines whether this fear is justified, it explains the Chinese technology agenda and shows what the impact will be on Europe.

Interaction

During the expert session, Rogier Creemers engages the audience through methods like a Q&A session, live demonstrations of Sesame Credit and Alibaba systems, and using the Mentimeter app for interactive exercises on privacy concerns and implications for Western societies. These activities help the audience understand the complexities of the social credit system in China and inspire them to consider its potential applications and challenges in different contexts.

Key Learnings

Uncovering China's Financial Innovation

Gain insight into how Sesame Credit, launched by Ant Financial, plays a pivotal role in China's transition from an export-driven economy to one focused on domestic financial development.

Understanding the Components of a Sesame Credit Score

Learn about the five primary factors (personal identity data, spending behavior, compliance with platform rules, payment history, and utilization of third-party services) that determine an individual's creditworthiness in China's unique system.

Balancing Progress and Concerns

Reflect on the potential benefits and challenges of social credit systems, including societal trust, privacy concerns, and ethical considerations, as we explore their implications for both China and the Western world.

Detailed session description

In this expert session, Rogier Creemers delves into the intricacies of China's economic growth and the role of Sesame Credit within its financial system. Over the past three decades, China has seen remarkable progress, transitioning from a national product per capita of approximately $50 in 1992 to around $2000 last year.

As China enters a new phase of development, focusing on domestic finance, Sesame Credit, launched by Ant Financial, emerges as an essential factor.

Sesame Credit, which evaluates creditworthiness based on individual behavior within the system, serves a dual purpose: determining authenticity and assessing potential fraudulent activities. This score is calculated from five primary components: personal identity data, spending behavior, compliance with platform rules, payment history, and utilization of third-party services.

While Sesame Credit's primary goal revolves around identifying genuine individuals, it also has various applications in everyday life, such as travel visas and rental agreements.

However, the use of these types of scores raises concerns about transparency and fairness, particularly regarding government application and potential political manipulation. Additionally, there are privacy issues and security risks associated with the vast amount of sensitive data being collected.

Critics argue that effective implementation in such a large and complex country like China is challenging due to regional differences and technical difficulties.

Rogier Creemers raises questions about the applicability of social credit systems in other contexts, such as the Netherlands or while purchasing on Alibaba or traveling in China. He acknowledges privacy concerns regarding data collection and use by various entities, emphasizing the importance of individual control over their information.

While Rogier acknowledges that creating a perfect society is impossible, he encourages learning from each other's societal complexities and finding ways to coexist with imperfections.

Before you book

Questions about China and the Social Credit System

Is this session interactive, or do people just watch?

It is interactive, and the block above says exactly how for this session. Nobody has to speak up who does not want to: the chat and the polls carry most of it, and the questions can come in anonymously.

Is this for beginners or for people who already know the subject?

What are the consequences of China’s rapid growth in technology? Western news media are full of panic stories about Huawei, the social credit system, surveillance, artificial intelligence and big data, that China is supposed to use to build an Orwellian control society. It is built for a general working audience: no prior knowledge is assumed, and people who already know the subject get the research and the practical side rather than an introduction.

Is Rogier the right expert for this?

Rogier Creemers is one of the experts we auditioned ourselves, and we produce every session so we see how each one lands. Participants rate this session 4.1 out of 5, across 104 responses, and rate Rogier personally 4.1 out of 5.

How long does it take, and what do we have to prepare?

It runs 45 min / 15 min: the talk, then live questions. All you do is pick a date. We brief Rogier, produce the session, host and moderate it, run the Q&A, and send you the report within an hour of the end.

Who can join, and where does it run?

A team, a department, an employee network or every single employee at once, with no cap and no per-seat price. It runs inside your own Microsoft Teams, Zoom or Google Meet, or on a branded page we build. No integration, no login, no company device or e-mail.

Can our global colleagues follow it?

The session is delivered in English, Dutch. You can add high accuracy live subtitles in 8, 16 or 24 languages, so everyone follows in their own. That is a paid option, priced by the number of languages you need.

Will our IT department have a problem with this?

No, and that is by design. There is nothing to install, nothing to integrate and no connection to your systems, so there is nothing for IT to validate: we join your own Teams, Zoom or Meet as a guest speaker, or we host a page and your people open a link. No software, no accounts, and no data of yours that we can reach. It is why hundreds of companies, among them some of the largest technology and financial firms in the world, were able to start within a day.

How does this work under GDPR?

We never receive or hold personal data about your employees. Because the session runs in your own environment, attendance and identity stay with you, and what we report back is aggregated: numbers, ratings and survey answers, not people. That is also why IT approval usually takes minutes rather than weeks.

What do we get afterwards?

You keep the recording and can share it internally. You also get attendance over time, participant ratings for the content and the speaker, the survey answers, and the topics your people asked for next.

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