T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced the launch of a research initiative called the Biometric Secure Module (BSM) to enhance its biometric cryptosystem Stable IT2 to include contactless palm authentication.
The 18-month project is supported by Xjenza Malta through the FUSION: R&I Technology Development Programme Lite.
The funding covers 75% of the costs, with Trust Stamp covering the remainder.
The BSM project will focus on generating cryptographic keys directly from biometric data, avoiding the storage of sensitive information on devices.
Norman Poh, Trust Stamp's chief science officer, emphasized the privacy advantages of this approach.
“By utilizing palm biometrics, we can generate secure keys from a biometric modality that is less publicly exposed than facial features,” Poh said.
“This provides an added layer of protection against unauthorized access.”
A software development kit for Android will also be developed, allowing seamless integration of these technologies into mobile apps, in turn enabling secure on-device authentication.
Trust Stamp believes the BSM project represents a significant advancement in the field of biometrics, aligned with industry standards such as the FIDO Alliance’s recommendations.
The company added that with the combination of face and palm recognition, it is “poised to redefine digital identity security.”
Shares of Trust Stamp were up around 4.4% by midday Wednesday.
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