While LaunchKey relies of physical possession as an authentication factor at its most basic level, LaunchKey provides and encourages the use of multi-factor authentication through additional factors such as a knowledge factor (PIN or Combo Lock) and inherence factor (geographic location). Comparing a single factor of authentication, as is the case with a password (knowledge) or Inkan (possession), to that of the multi-factor authentication found in LaunchKey (possession + knowledge + inherence) is a fallacy.

Possession in the case of authentication is used for starting our cars, entering our homes and seems to be used in Japan for banking. We all have keys in our pocket that we rely on for security.