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February 05, 2018, 11:05:49 AM |
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In the future altcoins will be the standard not fiat. What does that look like?
Each country would have their own take on China's social credit idea.
I see this as only the beginning.
Every person would have a transparent rating token attributed to their name. The Government, Companies, Businesses, and even your family will know if you have a good rating score and are a good citizen.
Everyone will know if you:
- Repay your debts on time, - Fitness device connected to a blockchain can show when and how long you excercise (good candidate for life insurance, employment etc) - Eat 'healthy' food - Are a reputable person to do business with.
Positive actions increase your token value and visa versa.
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