Nigerian Secures Patent for Blockchain-driven Authentication System

Emma Okonji

Hyperspace Technologies Limited has secured a patent for Blockchain technology-driven Multi-Factor Authentication (MFA).

Developed within the Hyperspace Technologies’ research and development division, cipherKEY tap2sign, MFA is a next-generation security system designed to leverage the decentralised nature of blockchain, the robustness of public/private key cryptography, and the convenience of Near Field Communication (NFC) technology to provide an unprecedented level of security against identity theft, phishing, and social engineering attacks

Dr. Oluseyi Akindeinde has been credited as the inventor of this MFA that is poised to enhance a security system that requires more than one method of authentication from independent categories of credentials to verify the user’s identity.

The patent application was officially filed on June 22, 2023, and the patent certificate was granted on August 28, 2023.

In the age of digital transformation, security is paramount. As individuals, businesses and nations increasingly rely on digital platforms for everything from banking to social networking, the need for robust security measures has never been more critical.

One such measure is Multi-Factor Authentication (MFA), a security system that requires more than one method of authentication from independent categories of credentials to verify the user’s identity.