The following is based on a translation of a report in Chinese media:
In its primetime news report, CCTV says that in the past there has been a foreign monopoly on finger vein recognition technology.
However, they say that China is now making breakthroughs in this technology that will make China a world leader.
Its error rate is only one twentieth of fingerprint recognition and finger vein is more difficult to fake.
The report says that, due to China’s current reform that stresses creation and innovation, Shanghai OGIS Tonghua Software Co., Ltd., a company that used to be a software design contractor, can now create its own exclusive products.
The company spends 20% of its annual profits in research and development of the new technology.
Through more than 100 experiments, the company has finally succeeded in developing its finger vein recognition device.
Many airports abroad have placed orders for the devices while many more Chinese domestic giants have shown great interest in the devices.
Source: CCTV “Our country’s enterprise has made creative breakthrough in “vein recognition’ technology” (summary by Chan Kai Yee based on the report in Chinese)
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