Yesterday, LG’s software subsidiary, LG CNS, unveiled a facial recognition service that combines AI and blockchain to make payments in digital currencies. Called the ‘face recognition community currency’, the solution is being trialed at LG headquarters for entry and at a restaurant counter inside the building.
LG has installed facial recognition devices that check the identity of employees and then automatically access the blockchain-based community currency. The solution is hosted on the cloud, and employees can use the service to make contactless payments at the restaurant.
This could be beneficial during the current COVID-19 pandemic as users can avoid touching a smart card or downloading a mobile app for scanning QR codes. The goal is to reduce contact with machines at the time of payment.
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