All you speed demons with no regard for road rules better be careful. A new speed camera with state-of-the-art technology is going to be watching your every move, and there’s a pretty good chance that its cameras will capture all your road indiscretions, right down to the smallest of seconds.

The system, which is being called ‘Asset’ – short for Advanced Safety and Driver Support for Essential Road Transport – performs a variety of functions designed to detect traffic infractions. Not only can it detect the car’s certain speed at any given point in time, but it can also run your plate number to ensure that the vehicle’s insurance and tax are on the up and up. It can also measure the distance between two cars to determine if tailgating is being done, as well as take photos of the car’s interior to ensure that the occupants, especially the driver are all wearing seatbelts. And the most amazing part? This camera can run through all of those actions in a matter of seconds.

The system’s testing and development is being done at the VTT Technical Research Centre in Finland with funding estimated at somewhere around £7million. If everything goes according to the timeline, the system should be up and running in Europe in 2013 with each system costing around £50,000 each.

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