FB pixel

Startup PopCom to provide biometric vending machines for regulated products

 

Smart vending machine company PopCom has launched a Security Token Offering (STO) to raise up to $943,000 in funding to support the development of a blockchain-powered product ecosystem for sales of government-regulated products such as cannabis, pharmaceuticals, and alcohol, Black News reports.

PopCom’s software and API for vending machines and kiosks feature demographic analysis, facial and emotion recognition, and other customer engagement features, and support biometric payments. The new version 2.0 of the company’s platform leverages biometrics, blockchain, and smart contract technology to enable secure, compliant transactions. The new version will be launched initially as a turnkey solution, with the API version following for broader integration.

Founder and CEO Dawn Dickson has appeared on the cover of Black Enterprise magazine and was named one of Inc. magazine’s top 100 Female Founders for 2018, according to Black News.

“As a company that exists on the forefront of product innovation in our industry, we see the blockchain revolution as an amazing frontier for further innovation in retail.” says Dickson. “We believe it’s the key to enabling better consumer access in markets like cannabis, pharma, and alcohol while still preserving privacy and compliance.”

PopCom has raised more than $900,000 previously from several startup funds, and has raised just under $30,000 in its STO so far.

The compliance features offered by PopCom include inventory track-and-trace, dosage information displays for customers, and auditable records. PopCom has a pilot upcoming with consumer product giant Procter & Gamble, and plans to pilot the new compliant automated retail technology in Q4 2019.

Among a number of companies around the world developing biometric vending machines, Le Tach is planning to expand its network of machines in Singapore from 400 to 1,000.

Article Topics

 |   |   |   | 

Latest Biometrics News

 

Biometrics and injection detection for deepfake defense a rising priority

Biometrics integrations with injection attack detection to defend the latest front in the global battle against fraud, deepfakes, is the…

 

Biometric Update Podcast looks at the road to a global standard for age assurance

Episode 2 of the Biometric Update Podcast is a dispatch from the 2025 Global Age Assurance Standards Summit, held from…

 

WEF launches new DPI initiative focused on emerging tech, including biometrics

Global Digital Public Infrastructure (DPI) initiatives are lagging behind emerging technologies such as AI, which could lead to inefficiencies, bottlenecks…

 

Odds are good for biometrics firms in the global gambling sector

Gambling has always been a vice associated with certain kinds of criminal activity, but the development of the online gambling…

 

New Zealand issues tender for digital ID services accreditation infrastructure

New Zealand’s accredited digital identity services regulator, the Trust Framework Authority (TFA), has published a request for information (RFI) for…

 

Pindrop surpasses $100M in annual recurring revenue, kicks off BU podcast

A release from Atlanta-based voice biometrics firm Pindrop celebrates a milestone: the firm has surpassed US$100 million in Annual Recurring…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events