CEO Ripple funded a massive surveillance camera network across San Francisco’s streets as an alternative urban security system

A co-founder and former CEO Ripple, Chris Larsen, paid more than $ 4 million to install 1,000 high-definition cameras on the streets of San Francisco. He stated his goal is to fight crime, namely theft.

CEO Ripple paying for the installation of hundreds of security cameras across San Francisco

According to The New York Times, Larsen decided to take over the project after a group of unknown men climbed into his garden in 2011 and cut off his home security cord when he was young and sleeping. inside

Ripple’s executive chairman states:

“I see this as an alternative urban security system, while San Francisco doesn’t have a high rate of violent crimes; property-related crimes have been a headache for many residents.”

ceo-ripple-funded-a-massive-surveillance-camera-network-across-san-franciscos-streets

“They don’t care if they’re being seen,” Chris Larsen said of smash-and-grab thieves in San Francisco.Credit…Cayce Clifford for The New York Times

One hundred thirty-five blocks in San Francisco are part of the camera network. He also is paying for internet connections at some police stations, claiming that most stations don’t have decent internet service.

A police department spokesman clarified to the New York Times that:

“There is a process for the department to request footage from the party that manages the cameras. That party has the discretion of whether or not to release footage to S.F.P.D.”

The report also explains Larsen’s revolution works as follows:

“Neighbors band together and decide where to put the cameras. They are installed on private property at the discretion of the property owner, and in San Francisco many home and business owners want them. The neighborhood coalition monitors the footage. The cameras are always recording.”

In a recent interview with Wall Street Journal’s Paul Vigna, Ripple co-founder and executive chairman Chris Larsen said the United States was slow in the game, in terms of testing, deployment, and regulate the blockchain and cryptocurrency industry.

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