Short version: Make an Eckman-style micro-expression reader in a wearable computer.
Fleshed out version: You have a wearable computer (perhaps something like Google glass) which sends video from its camera (or perhaps two cameras if one camera is not enough) over to a high-powered CPU which processes the images, locates the faces, and then identifies micro expressions by matching and comparing the current image (or 3D model) to previous frames to infer which bits of the face have moved in which directions. If a strong enough micro-expression happens, the user is informed by a tone or other notification. Alternatively, one could go the more pedagogical route by showing then a still frame of the person doing the micro-expression some milliseconds prior with the relevant bits of the face highlighted.
Feasibility: We already can make computers are good at finding faces in images and creating 3D models from multiple camera perspectives. I'm pretty sure small cameras are good enough by now. We need the beefy CPU and/or GPU as a separate device for now because it's going to be a while before wearables are good enough to do this kind of heavy-duty processing on their own, but wifi is good enough to transmit very high resolution video. The foggiest bit in my model would be whether current image processing techniques are up to the challenge. Would anyone with expertise in machine vision care to comment on this?
Possible positive consequences: Group collaboration easily succumbs to politics and scheming unless a certain (large) level of trust and empathy has been established. (For example, I've seen plenty of hacker news comments confirm that having a strong friendship with one's startup cofounder is important.) A technology such as this would allow for much more rapid (and justified) trust-building between potential collaborators. This might also allow for the creation of larger groups of smart people who all trust each other. (Which would be invaluable for any project which produces information which shouldn't be leaked because it would allow such projects to be larger.) Relatedly, this might also allow one to train really excellent therapist-empaths.
Possible negative consequence: Police states where the police are now better at reading people's minds.
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A bit of an aside, but for me the reference to "If" is a turn off. I read it as promoting a fairly-arbitrary code of stoicism rather than effectiveness. The main message I get is keep cool, don't complain, don't show that you're affected by the world, and now you've achieved your goal, which is apparently was to live up to Imperial Britain's ideal of masculinity.
I also see it as a recipe for disaster - don't learn how to guide and train your elephant; just push it around through brute force and your indefatigable will to hold on. It does have a message of continuing to work effectively even in bad circumstances, but for me that feels incidental to the poem's emotional content. I.E. Kipling probably thought that suffering are failure are innately good things. Someone who takes suffering and failure well but never meets their goals is more of a man than someone who consistently meets goals without tragic hardship, or meets them despite expressing their despair during setbacks.
Note: I heard the poem first a long time ago, but I didn't originally read it this way. I saw it differently after reading this: http://www.quora.com/Poems/What-is-your-view-on-the-Poem-IF-by-Rudyard-Kipling/answer/Marcus-Geduld
I agree that the poem is about stoicism, but have a very different take on what stoicism is. Real stoicism is about training the elephant to be less afraid and more stable and thereby accomplish more. For example, the standard stoic meditation technique of thinking about the worst and scariest possible outcomes you could face will gradually chip away at instinctive fear responses and allow one to think in a more level headed way. Similarly, taking cold showers and deconditioning the flinch response (which to some extent also allows one not to flinch away from thoughts.)
Of course, all of these real stoic training techniques are challengingly unpleasant. It's much easier to be a poser-stoic who explicitly optimizes for how stoic-looking of a face they put forward, by keeping cool, not complaining, and not emoting, rather than putting in all the hard work required to train the elephant and become a real stoic. This is, as you say, a recipe for disaster if pushed too hard. Most people out there who call themselves stoics are poser-stoics, just as Sturgeon's Law would demand. After reading the article you linked to I now have the same oppinion of the kind of stoicism the Victorian school system demanded.