PALMFUSION TECHNOLOGY PLATFORM
PalmFusion Overview
PalmFusion Technology platform
PalmFusion Technology Components
- PalmFusion Reader.
- PalmFusion Reader Board.
- PalmFusion Reader Board Software.
- PalmFusion Terminal.
- PalmFusion Matching Server.
- Application System.
- Enrollment Process.
PalmFusion Technology Applications
The PalmFusion technology platform can be used in a very wide area of applications. The primary use cases consist of:
- Access control system (PalmAccess).
- Web2 payment system (PalmPay).
- Cryptocurrency wallets (PalmWallet).
- Next Generation of personal identification (Beyond the Moon ID).
In these areas, PalmFusion introduces improved security and simplicity in performing daily tasks through a unique form of touchless authentication by using the palm for identification.
The PalmFusion Reader is the main component of a PalmFusion Terminal, which includes electronic components for illumination, a time-of-flight camera, VIS/NIR camera, a processing unit, storage, and interfaces for communication, display, and power supply. The PalmFusion Reader is visualized below.
The Reader Board runs the software consisting of an operating system and software for enrollment, identification, and verification. Images are taken and feature sets are computed to send to the PalmFusion Matching Server for further processing.
PalmFusion Readers fully support the Beyond the Moon IDs Utility
PalmAccess
What?
PalmAccess is the use of PalmFusion for biometric identification replacing other forms of keys for entering facilities, buildings, or areas. With PalmAccess the Facility Management companies can make access control safer and at the same time reduce their costs for managing keys.
PalmAccess is a fast, touchless, and non-obtrusive form of biometric identification and as such will meet less resistance from potential users.
Why?
How?
We have an established relationship with a couple of tier one global enterprises providing access control systems both to organizations and individuals through a huge network of resellers. They have looked into different biometric solutions for access control and have concluded that PalmAccess is probably the most suitable. The reason for this is that besides being safe and fast it is also deemed to be socially acceptable since it is less intrusive. For fastest possible time to market we are planning to license the technology to them so that they can use existing factories for manufacturing.
PalmPay
What?
Why?
The main business driver for PalmPay is the PSD2 EU Directive that regulates payment services and payment service providers. It aims to improve the security of payment transactions, enhance consumer protection, foster innovation, and increase competition in the market.
How?
The payment market is complex since many different actors are involved, from millions of points of sales to a vast number of different banks. For that reason, we have a collaboration with Europe´s largest integrator, providing payment technology to the market. They are planning add the PalmFusion reader and PalmPay into their future terminals and as such revolutionize the payment market.
MiCA & PalmWallet ( SW&HW )
What?
Why?
How?
Privacy Trust Policy ( MiCA )
MiCA Compliance
Conclusion
Beyond the Moon is a hybrid patent-protected technology platform that is the most secure, convenient, hygienic, fastest, and socially accepted biometric authentication system so ever built.
Competitive Analysis
In this section we will compare the Palm Fusion products and solutions with the rest of the market, focusing on functionality, revenues and valuation of each.
Biometric Systems Market Size
PalmFusion vs different Biometric IDs
Below we will compare the PalmFusion solutions with alternative types of biometric identification.
| Variable | Description | Fingerprint | Iris | Face | Voice | Palm Print** |
|---|---|---|---|---|---|---|
| Speed* | Speed of Identification (1 - slow, 5 - fast) | 3.5 | 3 | 4 | 4 | 3 |
| Security | Resistance to spoofing (1 - low, 5 - high) | 3 | 4 | 2 | 3 | 3 |
| Durability | Resistance to trait change (1 - low, 5 - high) | 2 | 4 | 3 | 3 | 3 |
| Invasiveness | Privacy intrusion (1 - high, 5 - low) | 4 | 2 | 2 | 2 | 4 |
| Change with age | Biometric trait change due to age (1 - high, 5 - low) | 4 | 2 | 3 | 2 | 2 |
| Universality | Ease of integration (1 - hard, 5 - easy) | 4 | 3 | 4 | 2 | 3 |
| Skill | Difficulty to use (1 - high, 5 - low) | 4 | 3 | 5 | 5 | 3 |
| Hygiene | Risk of spread of germs (1 - high, 5 - low) | 2 | 5 | 5 | 5 | 2 |
| Social Acceptance | Public acceptance to wide use (1 - high, 5 - low) | 5 | 3 | 3 | 1 | 4 |
| Total | 31.5 | 29 | 31 | 27 | 27 |
World ID vs BTM ID ( Beyond The Moon ID )
| World ID | BTM ID | |
|---|---|---|
| Product Type | Biometric Cryptocurrency | Biometric Technology |
| Raised Amount | $125M | TBA |
| Valuation | $3B | TBA |
PalmSecure vs PalmAccess
| Fujitsu PalmSecure | PalmAccess | |
|---|---|---|
| Product Type | Authentication Technology | Authentication Technology |
| Raised Amount | N/A (Internal Investment) | TBA |
| Annual Revenue | $350M*** | TBA |
| Valuation | $1.75B**** | TBA |
Neobanks , Payments systems vs PalmPay
| Revolut | Amazon One | PalmPay | |
|---|---|---|---|
| Product Type | Neobank | Payment System | Wallet and Payment System |
| Raised Amount | $1.7B | N/A (Internal inv.) | TBA |
| Annual Revenue | $1B | N/A** | TBA |
| Valuation | $33B | N/A | TBA |
***22 Amazon Go stores, 38 Amazon Fresh Stores, and 500+ Whole Foods Stores in the US.
Palmwallet vs Trezor and Ledger Hardware wallets
The global crypto wallet market size was valued at USD 8052.98 Million in 2022 and is expected to expand at a CAGR of 30.76% during the forecast period, reaching USD 40244.7 million by 2028.
| Trezor | Ledger | Palm Wallet | |
|---|---|---|---|
| Type of Wallet | Cold | Cold | Cold |
| Currencies | 1,649 | Over 1,800 | Over 1,800 |
| Purchase Cost | 53 to 164 EUR | 63 to 110 EUR | 300 EUR |
| Protection | PIN password | PIN password | Biometric Authentication |
| Incorporated Exchange | Yes | Yes | Yes |
| Device Size | One: 60 mm x 30 mm x 6 mm Model T: 64 mm x 39 mm x 10 mm | Nano S: 56.95 mm × 17.4 mm × 9.1 mm Nano X: 72 mm × 18.6 mm × 11.75 mm | 70 mm x 35 mm x 9 mm |
| Weight | One: 12 g Model T: 22 g | Nano S: 16.2 g Nano X: 34 g | 88 g |
| Casing | Plastic | Steel case | Aluminium and durable PMMA |
| Usability | OLED color touchscreen | Buttons | OLED color touchscreen |
| Connectivity | Wire only | Wire & Bluetooth | Wire & Bluetooth |
| Mobile App | No | iOS/Android | iOS/Android |
| Raised Amount | N/A | $468M | TBA |
| Valuation | N/A | $1.5B | TBA |
PalmWallet
MiCA compliant wallets!
PalmWallet(s)
To access Q-Market we are Introducing the next generation of Market in Crypto Assets (MiCA) regulated software and hardware wallet, PalmWallet. We are revolutionizing the way you store and manage your digital assets securely. While MiCA wallet details are still in progress, we do hereby announce that our MiCA compliant PalmWallet(s) will be equipped with an advanced KYC solution , Biometric AI feature and functionalities that ensure seamless and protected transactions, giving you peace of mind knowing your cryptocurrencies are in safe hands. We will launch our software wallet Q3 2024 and likely worlds most secure and regulated hardware wallet ever built Q2 2025.
Palmchip (AI)
Next Gen of Biometric CHIP!
With the Palm-Chip, Beyond the Moon and its partners will have a game-changing ID/access chip for disposal. This innovative solution combines convenience and security, allowing you to authenticate and access various systems, locations, and privileges effortlessly.
Palm Fusion SWOT
Strength
- Patents and Trade marks are filed to protect product ideas.
- Strong and experienced development team with access to both blockchain and corporate markets.
- Biometric authentication systems and payment transaction-oriented parts of the system that can be developed and tested independently.
- Compliance with GDPR and PSD2.
- Non-intrusive and hygenic biometric identification technology that is socially accepted.
Weaknesses
- Time to market.
Opportunities
- Web 3.0: Global game changer will hold a SmartNFT patent and do a seed phrase replacer that can become the Next Generation of ID standard for blockchain-related solutions.
- Web 2.0: Pay-with-your-hand solution can be a game changer for the retail payment business.
- Web 2.0: Potential to become the next gen of biometric standards since neither fingerprint nor facial fared well during the COVID-19 pandemic. There is a great need for a hygenic non-intrusive form of biometric identification.
The Threats
- Open Sea, Ledger Nano X, Amazon, Metamask and other financially strong companies as competitors.
- War, inflation & climate change and Force Major in general.
Roadmap
Roadmap PalmFusion Technology platform with its products.
PalmFusion Technology roadmap
PalmFusion Technology Platform to launch in Q1 2025.
- PalmWallet and Beyond The Moon ID.
- Palm Access.
- PalmPay.
PalmFusion AI Chip will be launched in Q1 2026.
