Onlymee® is at the convergence of several very high growth markets which are the biometric identification market, e-banking, « machine to machine » (M2M) and e-commerce.
The Onlymee® relevant market is the biometric identification market, more precisely the authentication market, which will represent $11.2 billion in 2015, with an annual growth rate of 21.6% (source MarketsandMarkets).
Smart cards and login password systems currently hold the core market in the field of identification. Neither of these systems assure identifying the originator of a transaction. (e.g. Smart cards identification system is based on a simple 4-digit PIN code).
In contrast, Onlymee® authenticates the user in a certain secured way and guarantees end-to-end confidentiality of transactions.
Onlymee® competitive advantages versus NFC
Onlymee® = Security X Ergonomy X ….
- Security
- user’s authenticationIdentity guarantee
- no actual data, but pseudorandom codessecurity
- no heavy encryption (ending competition with hackers)durability
- voluntary process to perform a transactionno intrusion
- no record of personal dataconfidentiality
- control of the confidentiality of transactionspositive traceability
- Interactivity and ergonomy
- ergonomy and simplified use (biometric reader)democratization
- ability to share decision-making powers (workflows) transversality, new usages
- ability to delegate a non biometric identification to
third partiesspeed
- Only one terminal for all usages
- 1 same terminal (mobile, PDA, remote control, …)
to interact in Saas mode in a heterogeneous environment
(computer, TV, cash register, vending machine, …)interoperability - multi-application (m-commerce, access, identification,
authentication, M2M, …) from 1 same mobile terminaluniversality - global secured transaction solutioneconomic competitiveness
- independence from banks and operators strategic autonomy
In red: Onlymee® assets vs NFC
