🔴LG Employs Facial Recognition Biometric Technology to Conduct Payments with Digital Currency

🔻LG Corporation’s IT services subsidiary is using facial recognition biometric technology to conduct payments with digital currency, which is called IT Times.
The aforesaid system enables employees to pay for services and products at the corporate restaurant with a blockchain-based community currency. As non-face-to-face technologies are applied recently, blockchain that increase transaction reliability will be used more widely.
There has been security concerns about the user’s privacy and freedom in blockchain era, some believe that it may pave the road for advent of modern slavery.

#blockchain
#cryptocurrency
#payment
#SouthKorea
#artificialintelligence
#adoption
#LG
#digitalcurrency
#privacy