An extensive video network built on blockchain
Surveillance cameras are a major part of the security citizens have in many cities. Some of the cites with the highest amount of surveillance cameras and an extensive network to manage it has the absolute lowest crime rates in the world. This is because authorities are able to easily identify anyone committing a crime and in some cities even move out to catch the offender as soon as a crime is captured by a camera. The power of having a video network is undoubtedly powerful, but how do you make it even more powerful than it currently is? INSPEM, a tech company is creating a product that might be able to do just that. They are utilizing blockchain and cryptocurrency to make a global video network which everyone can contribute to as long as they have video footage. Users pay for a task to be completed by the network, while people who contribute the footage which is responsible for completing the task gets rewarded in their own token, INP. On top of this video network, INSPEM is integrating AI technology in order to automatically recognize faces. This allows the video network to complete tasks including identifying criminals, missing people or even people you saw somewhere at a specific time but don’t know the name of. You could, in this case, pay the network to identify the people at your specified location and time, and therethrough find the person you are looking for.
How INSPEM can be used to better humanity
A global video network can not only be used to identify people after something is happening, it can also be used to help and even rescue people in real time. If someone is involved in an accident, live cameras can provide real time data to experts who can guide a situation to make it as safe as possible. You could even pinpoint where someone who is injured is laying so rescue staff can get to the injured quicker. Running a global video network is obviously not an easy computing task, it is very expensive to do in a centralized environment. This is why blockchain is a great choice for the project, as they can outsource processing power to miners who in return are rewarded by the network.
To fund their project, INSPEM is raising funds through an initial coin offering (ICO), selling their ERC20 token INP. These tokens will be used within the INSPEM ecosystem to purchase services and as rewards.
The token sale started on the 1st of May
The token sale ends the 28th of May
(The pre-sale was 20 March, 2018 – 16 April, 2018]
5000 INP = 1 ETH (Bonuses are available for different phases, see chart below)
- Hard cap of the token sale is 30,000 ETH
- The soft cap is 3,500 ETH
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.
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