Faceter is one of the first Companies to integrate blockchain technology and video surveillance systems for security. But at the same time, we should not forget that traditional analog systems are still in great demand from consumers who are not yet ready to use high-tech products in this field.
Analogue systems are starting to be displaced by the owners as well as by the authorities.
The European Union has entered into a regulation called
GDPR which says that people's data, including face images, must be encrypted and stored without the ability of third parties to access them.
And on the request of a person who is within the range of the camera, all the recordings on which that person is recognizable must be made available to him free of charge within 30 days from request.
In analogue systems, we are not able to put so many employees to view archival materials to search hundreds of thousands of hours of recordings to find one face.
Cities with CCTV, banks, shopping centres, supermarkets etc. will have to change systems to digital ones with the possibility of face recognition.
The penalty for not meeting EU requirements is huge and amounts to
10 million euro or up to 2% of the annual global turnover of an enterprise.
Faceter will be the fastest and the simplest safe solution to this problem.
Here is described in more detail what effect GDPR has on CCTV:https://blog.infinigate.co.uk/everything-you-need-to-know-about-cctv-gdpr