The Research on Peculiarities of the Blockchain Implementation in Global Regulatory Legislations

The presented research provides the ethical examination of the blockchain-driven systems (e.g., Social Credit System) for social engineering with the additional analysis of its impact on the Society (efficiency) and the modifications, which the System brings to it (effectiveness). SCS from the Western perspective is digital dystopia (de Freytas-Tamura 2017). For foreign parties can use SCS as the instrument of the trust gaining and vice versa- China increases its face of the open economy by the SCS. However, behind the scope of the observation of the current research focus is the ethics of the blockchain- enabled platforms for the control of the credibility of the behavior of the parties as the System, which really makes discrimination without any appeal opportunity. Moreover, the System immediately harms the reputation of the evaluated party via blackclisting regardless the potential mistakes in these conclusions. The results appeal via the manipulations, making the errors, is possible only in judiciary procedure with rare reevaluation of the rank- SCS destroys the trust in the Society- these projects were preliminary elaborated for the control of minorities (e.g., the Sinczian and Uighur autonomous regions- largest minorities centers in PRC). Is the Blockchain in these realities blessing or a curse?