Social Credit Systems: Prospects and Challenges of Overall Scoring

Abstract

The development of information and communication technologies has led to the emergence of new opportunities in the field of human capital management. The purpose of the article is to identify problems and prospects for the application of social trust (credit) systems. A brief overview of works on the subject of social credit systems is given. The analysis of the social rating system, similar to the social credit systems in the People’s Republic of China, is carried out. Possible consequences of the application of the social credit system, both positive and negative, are analyzed. Threats that may have an undesirable effect on the social rating system are considered. It is concluded that the social rating system can be used as a tool for managing human potential, especially in social systems that to some extent use the principles of meritocracy. The conditions under which the introduction of the social rating system can have a positive effect are indicated. These conditions, first of all, include the level of confidence of the population of the state in the government.