Сomputer vision surveillance technology powered by fog network of miners.
Faceter is a decentralized surveillance system for private and commercial use. The platform will utilize distributed fog computing technology in order to enhance the visual capabilities of traditional surveillance systems, providing a more capable product at a lower cost compared to existing solutions.
Product
In its current stage, Faceter has developed an open source library, pay.cards, which will assist with the development of the Faceter platform. Pilot tests for face detection have been launched in South Africa, and it is stated that company representatives are satisfied with the results and ready to sign commercial contracts. Competition in this sector is relatively low, and existing solutions have not seen new development in many years, making security surveillance an area with potential for disruption.
Use of Blockchain
FACE tokens follow the ERC20 token protocol and will be used in exchange for services on the Faceter platform. Faceter is developing a specialized technology utilizing fog computing for processing data and a neural network, so the need or justification for a custom token is evident. Facter’s advantage increases along with user adoption levels, since the visual recognition capabilities of the platform increase as more data is processed.
Whitepaper
Overall, the Faceter whitepaper contains a sufficient amount of information regarding its business plan and market research. Technological details of the platform are discussed, but not in great detail, giving primarily a broad, high-level overview of Faceter from a technological perspective. The document is well organized and visually appealing, which is especially important in the case of Faceter, since one of its value propositions is a stylish and easy to use product interface.
Roadmap
The roadmap in the Faceter whitepaper spans from 2014 to 2019 and is divided by yearly milestones. Up to 2018, Faceter has developed a proof of concept and an open source library that will contribute to the development of the final product. Most of the planned developments in 2018 include adapting Faceter to use distributed computing, as well as developing applications for a variety of platforms (Android, iOS, etc.) Developmental milestones are primarily focused on enhancing the visual recognition capabilities of the product.
Compliance
Typical risk aversion and disclaimer documentation is included in the whitepaper, stating that FACE tokens are not intended as securities. It is not indicated whether the token sale will abide by KYC guidelines, however it is stated that residents from the United States will not be able to participate in the token sale.
Company and Team
Eight team members are included in the whitepaper, presented with job titles, short descriptions of proficiencies and professional experience, as well as links to social media profiles. The team’s overall skill set is fairly balanced with respect to business and technology, and certain team members also possess extensive experience with security technology, having worked with integrated security solutions at the state and city levels. The CTO is quite experienced with neural network related technology development, and has led the Faceter’s team to develop the pay.cards open source library for data recognition, which enables use of a mobile device’s camera to capture the data from a payment card in real-time.
Token Sale
The total number of FACE tokens is 1 billion (40.8% for sale, 30.8% for the reserve pool, 15% for the Faceter team, 0.5% for bounties, 6.0% for advisors, and 6.9% for sale bonuses). Allocation of funds is included in the whitepaper. The soft cap is $5MM USD and the hard cap is $40MM USD, where 1000 FACE = 0.0872 ETH. The token sale begins on February 15, 2018.
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