LG CNS testing pay-by-face system utilizing AI, blockchain and cloud applied sciences
South Korea’s LG CNS, an IT arm of tech large LG Company, is presently testing a pay-by-face system in one among its inner cafeterias.
Based mostly on its official announcement, the brand new system combines the facility of synthetic intelligence (AI), cloud, and blockchain applied sciences. It makes use of AI software program to acknowledge a buyer’s face. There are units put in on the restaurant to determine the client, Finextra reported.
As soon as the client’s face is scanned, the fee for the meals ordered is calculated and it is going to be paid robotically utilizing the pre-registered blockchain-based neighborhood forex.
The agency believes that it’s excessive time to make use of facial recognition as a result of it’s extra handy than playing cards and cell funds. Additionally, it might assist decrease bodily contact and curb the unfold of coronavirus.
In the meantime, the National Payment Corporation of India is urging its residents to make use of digital funds to cut back social contact amid the coronavirus pandemic. NCPI is working with different banks to help the digital fee infrastructure.
“Within the present lock-down state of affairs, we request residents to remain at residence. We urge all service suppliers of important companies and customers to modify to digital funds strategies to remain protected,” mentioned Dilip Asbe, NPCI MD & CEO.
“Our enterprise continuity plan is resilient and has been improvised to satisfy the difficult necessities for COVID19, throughout all our fee methods. Particularly, the infrastructure will help the extra load and challenges on the United Funds Interface (UPI) platform, as increasingly customers are tapping into the advantages, ease, and security of digital transactions,” Asbe added.
NCPI and the state authorities are serving to the distributors, particularly these promoting important companies, be part of the digital platforms. On this method, shopping for and promoting can be safer and extra handy for each distributors and customers.
“Distributors and retailers might be secure as they serve society and supply important companies. Shoppers can use UPI to pay for important companies and switch cash digitally with out the danger of bodily contact,” Asbe defined.
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