With 'smart' tools, blockchain, and surveillance technologies all evolving at hyperbolic speeds, it was inevitable that the three would collide. The company Faceter, which bills itself as the ‘first decentralized surveillance system for consumers,’ is releasing a new platform that uses enhanced facial recognition, object detection and real-time video analysis to create a 'smart' surveillance camera. Faceter hopes to revolutionize the video surveillance industry, which is expected to hit $75.64 bln by 2022, with a real-time crime prevention system.
Using what they call the "event security model," Faceter's approach is all the more impressive--and, maybe, alarming--because it is fusing artificial intelligence capabilities, blockchain, and the concept of 'pre-crime,' which aims to stop perpetrators before they commit criminal acts. Faceter is powered by its own crypto tokens and a fog network of miners on a Blockchain platform.
“The benefit from a mining perspective," Faceter says, proudly noting the nearly 270 mln Faceter Tokens (FACE) that have been sold, "is that a contribution of miner's resources to Faceter is twice as profitable as the mining of Ether on the same Graphic Processing Units (Compared to estimated profit from mining Ether with two NVIDIA Tesla M60 graphics cards (2x16Mh/s).”
2018 will be a big year for Faceter, as it launches its beta version and moves into the mass market. You can read the whitepaper HERE.
Feature pic by Ibithink