They said blockchain would bring freedom by challenging world governments and greedy financial institutions. But what if blockchain is the ideal tool to enable totalitarianism? What if China Moves its Social Credit System to Blockchain? A few weeks ago, Chinese President Xi Jinping surprised the world by calling blockchain an important breakthrough, and announcing extra funding for the technology. Shortly after Xi’s endorsement speech, China announced that it planned to create a sovereign digital currency,Read MoreThe post Will China Adopt Blockchain for its Social Credit System? appeared first on Bitcoinist.com.