The idea of a nationwide social credit system in China was put forward in 2011. In the decade since, the social credit system has sparked a wave of media coverage, much of it sensationalist and full of inaccuracies.

What exactly is the social credit system - both as it is envisioned, and as it stands today? What are the perceived benefits and risks? And what will the system look like in another decade?

On June 23, Jeremy Daum, a senior research scholar in law and senior fellow at the Paul Tsai China Center; Dai Xin, an associate professor of legal theory at Peking University Law School; and Vincent Brussee, an associate analyst at the Mercator Institute for China Studies (MERICS), joined a live webinar to mythbust the social credit system.