Core Insights - The article discusses the emergence of palm vein recognition technology as a viable alternative to fingerprint and facial recognition, highlighting its advantages in security and privacy [1][4][11] - The company Maize Technology, founded in 2021, is positioned as a key player in the palm vein recognition market, leveraging technology from South China University of Technology [1][6] Group 1: Technology Advantages - Palm vein recognition technology offers unique advantages such as live detection, high anti-counterfeiting capabilities, and enhanced privacy protection compared to facial and fingerprint recognition [4][11] - The technology captures subcutaneous vein patterns using near-infrared light, making it effective even under adverse conditions like skin injuries or contamination [4][5] Group 2: Market Position and Strategy - Maize Technology has developed over ten hardware products, including access control systems and payment devices, and is focusing on expanding into overseas markets by 2024 due to domestic market saturation [7][9] - The company aims to differentiate itself from established players like Fujitsu and Hitachi by offering superior technology at a lower price point, with its products priced at one-third of Fujitsu's similar offerings [7][9] Group 3: Future Directions - The company plans to enhance its 1:N recognition capabilities, allowing for efficient identification from large databases, which is a key selling point for overseas clients [10][11] - Maize Technology is exploring applications in emerging fields such as Web3 and digital identity verification, leveraging the unique properties of palm vein recognition for secure identity authentication [11]