logo

China may use blockchain for an authoritarian state rule

china may use blockchain for authoritarian rule

Unlike any social behavior, personal watch, and its applicability in modern society, China seizes to catch delusional world and imply it is in today’s world. Xi Jinping, president of China represents the fictitious character of unseen “Big Brother” into action by keeping a close look at what Chinese citizenry is doing. Blockchain in this regard helps in calculating scores – lesser indicates lower lifestyle, whereas more score means better or finest lifestyle.

Low scores are determined by buying too many things online, breaking laws, spreading fake news, excessive purchase of liquor, and what not. Chinese are either banned from taking trains to travel or fly internationally or domestically, they are provided with slower internet speed, taking the rights of studying in the best schools, and slaughtering the basic human rights are some penalties which Chinese are facing these days.

Cryptocurrencies are decentralized and don’t need a bank account; which is why it can’t be closed down. The Chinese government may introduce cryptocurrency and would ask people to invest even when they can’t do so. The result of not opening an account or investing will lead to deductions from salaries and children being taken away from good schooling.

To conclude, experts fear that by the end of 2020, the Chinese government will start using CCTV to read faces and scores. According to higher officials, this would help police to maintain social integrity. And all the while blockchain would be at the heart of these authoritarian government actions making it easier and more secure to implement.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related News

Hot Stories

Stripe unveils new crypto to fiat feature
Cardano price analysis: ADA/USD price has recovered to $0.3171 after gaining bullish support
Best crypto memes of the day - December 2nd
Orbeon Protocol (ORBN) Set to rise by 6000% in presale: Is it a better investment than Bitcoin (BTC) in 2023?
Best Twitter threads of the day - December 2nd

Follow Us

Industry News

Stripe unveils new crypto to fiat feature
'I think he's telling the truth,’ Kevin O'Leary on SBF
Blockchain games are doing great despite the failure of FTX
Reserve Bank of India’s crypto alternative is here: How can one use the e-Rupi?
Russian bank infuses metamask into its blockchain

Add Your Heading Text Here