Video the scene with a quite unique solution.
Video surveillance is at the moment the best way to make sure ‘what really happened’ in a situation from an objective perspective. Public crime and terrorist activity are the main factors that generate the need for the development of the global surveillance market. According to ‘Stratistics MRC’, the global video surveillance market is accounted for over $19 billion in 2015 and is expected to surpass $63 billion by 2022, growing at a compound annual growth rate of 18.3%.The market is led by North America with 32% share in the scene which was established and promoted by the U.S. Asia and Europe are about to see a significant growth due to the rapid growth in their respective GDPs and demand for more strict security after the growth in terrorist attacks frequency in 2016-17.Of course, computer vision technologies based on machine learning techniques and over the years generated databases are expensive and require a substantial amount of computing resources, funds, and power supply in order to run on a regular basis, while the vast majority of video surveillance solutions are still underdeveloped compared to what neural networks could achieve. Here comes Faceter to provide the scene with a quite unique solution. A decentralized surveillance system for private (governmental and/or corporate) and commercial (individual consumer) use.Faceter makes video surveillance ‘smarter’, through the advanced face and object detection, and real-time video analysis that could detect and ‘understand’ a situation based on the moving objects in a scene. The project is run on a decentralized network where cameras, video hubs, and miners are all interfering with each other, eliminating the costs, computing power and time normally required for a procedure of this kind.The TokenIn order to achieve their vision, the Faceter team launches a crowdfunding campaign based on the regular nowadays Token Sale Model or ICO (Initial Coin Offering).The FACE a ‘Proof of Recognition’ token, is an ERC-20 Ethereum Network-based cryptocurrency used by Faceter both for payments from customers and for payments to their community workers.According to their White Paper, the total token supply is set to 1.000.000.000 FACE. The distribution is planned as follows: 40.8% of the total supply will be used for free sale. 30.8% will be reserved to ensure the operation of the Faceter system. 15% will be reserved for the Faceter team (with sale restrictions for 2 years). 0.5% will be reserved for the bounty campaign, 6% for advisors and 6.9% will be distributed as early bonuses respectively.The public presale, which takes place from February 1st, 2018 to March 1st, 2018, will have a discount of 50% up to 8,000,000 FACE tokens (equivalent to $800,000 at this time). The public token sale, which takes place from March 10th, 2018 to April 30th, 2018, will unlock 400,000,000 FACE for sale (soft cap $5,000,000) with +5% bonuses to individual investors who purchase an amount equal to $10,000 or higher.TeamRobert Pothier (CEO & Co-Founder) has 9 years of pre-history in the global market of digital payments as a manager, director, and consultant on various projects including Pinnacle Micro and Walletone.com, focused on E-Wallets, Gambling, KYC Applications, Online Banking Solutions, Scanning Technology and more. Igor Karavev (Advisor) is head of investor relations and blockchain advisor at ICOBench , has been the executive director of Skolkovo Foundation, the leading business incubator of hi-tech startups. Paul Scott (CBDO) is a professional in financial markets specializing in emerging-market technologies. He has a deep knowledge of Fintech, InsurTech and BigData ecosystems. Honorable mentions include Vladimir Tchernitski (CTO, Co-founder, ML-master), Aleksandr Chernov (Tech Lead), Vitaliy Kuzmenko (Mobile Development) and Anton Ivashkevich (Design).We can see a decent team, with years of pre-history in the field of innovative technology unlike most ICOs this year, that is conducted carefully in order to bring Faceter to life fast, accurately and most important tested and functioning before the release date. Each one of the team members has access to important side-links covering governmental institutions, banking platforms, monetary payment solutions and of course scanning and surveillance corporate deities which is the company’s forte. VerdictAs blockchain technology evolves, we see more often groups with decent prehistory in the industrial field joining the wave with unique solutions, backed by long-year professionals from the scene. Faceter is one of these platforms and having in mind their connections and critical first-hand knowledge of the matter we can expect some serious results in this year already.On the other hand, surveillance systems are definitely a key aspect of modern societies but for the time being the main customers of this field would be strictly limited to governmental organizations, private corporations with hi-end video surveillance needs and the military sectors.Risks The project, although an innovative idea with a unique approach to the world of surveillance systems, has not yet proved itself on a public scale. We’re used to words, but we would have a clear image as soon as the first operations begin. -2Advanced video surveillance systems with real-time analysis and face, object, movement recognition clearly target a specific group of investors and even more strict group of active users. Being a decentralized platform, Faced will need all the computing power it can get in order to function reliably. No-one can promise us that their platform will be still functioning if there is not enough computing power generated by the users of the system themselves. -2The distribution of the FACE token is very specific and although the platform may be decentralized, the company and their project are certainly centralized, with the company having not the biggest, but the only say in future plans, further development and critical changes in their vision or operating protocols. -1Growth OpportunityBased on global statistics and the fact that technological advancement is unavoidable, the entire concept of video surveillance will eventually be forced to upgrade into a smarter, scalable and less expensive module. Faceter is the first step in that change and if they manage to hang on for the next decade, they could be leading the field having built huge databases required for such a system to work. +4The Skolkovo Foundation is a Russian non-profit organization charged by ex-president Dimitriy Medvedev to create innovative technological and scientific projects. The Foundation has well-established links with the MIT, Corporate R&D centers, business incubators and private & venture funding from top grade industrial titans. Having their back-up, Faceter should not worry about possible financial or technical issues but could focus and commit with ease on their mission 100%. +4The good part of the strict target group of the project is that this specific group of investors would not micro-invest with a couple hundred dollars but if they see the technology fit their needs, millions and billions will be invested immediately in order to get first-hand working applications of an advanced real-time video surveillance platform. +4DispositionFaceter may be the first to integrate blockchain solutions into the video surveillance market, but we should not forget that the traditional analog field has already some interesting key players that would not like to be left behind in the race for tech superiority. Some of these brands include Avigilon Corporation, Axis Communications AB, and BOSCH Security Systems Incorporation among other solid industrial companies that will jump into the train if they haven’t already.A score of 7 out of 10 is reserved for Faceter, based on present facts.Investment DetailsType: CrowdsaleSymbol: FACEPre-Sale: February 1st, 2018Public Sale: March 10th, 2018Payments Accepted: ETH, BTC, LTC, XRP, DASH, XEM, XMR, BCH (KYC Required)Disclaimer: The writer has no position in Faceter at the time of writing.