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Contactless Digital Currency Payments – LG CNS’ Facial Recognition Payments Combine AI & Blockchain (TrendHunter.com)

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Facial recognition payment systems, unstaffed retail stores and contact-free payment systems were being implemented before the ongoing pandemic but these technologies promise to be more useful than ever, especially as people and businesses adapt to a new reality. LG CNS is piloting a new payment solution at a convenience store within its company headquarters that implements facial recognition, a blockchain-based digital currency and artificial intelligence technology.

At the unstaffed convenience store, the face-based digital currency payments save shoppers from having to check out in close proximity to others or employees and minimize unnecessary contact with surfaces in the store. Notably, LG CNS’ video showing the system in operation shows the system’s ability to recognize customers even if they are wearing accessories like a mask or sunglasses.

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