Hyperspace Secures Second Patent for its Blockchain Technology Solution
Emma Okonji
Hyperspace Technologies Limited has secured its second patent and trademarks for cipherCHIP tap2verify, which is a blockchain-integrated contactless product authentication and verification system.
The Lagos-based Web3 startup specialises in next-level smart security infrastructure and key management systems.
Developed within the Hyperspace Technologies Limited research and development (R&D) division, ‘cipherCHIP tap2verify’ system presents a novel approach to product authentication by integrating Near Field Communication (NFC) tags, Non-Fungible Tokens (NFTs), and blockchain technology.
Speaking about the development, the lead inventor of the Multi-Factor Authentication (MFA), Dr. Oluseyi Akindeinde, said it would enhance a security system that requires more than one method of authentication from independent categories of credentials to verify the user’s identity.
Hyperspace Technologies Limited had in August this year secured patent for cipherKEY tap2sign MFA, a next-generation security system designed to leverage the decentralized nature of blockchain, the robustness of public/ private key cryptography, and the convenience of NFC (Near Field Communication) technology to provide an unprecedented level of security against identity theft, phishing, and social engineering attacks.
Meanwhile, the cipherCHIP tap2verify’s patent certificate from the Industrial Property Office Registry, Commercial Law Department, Federal Ministry of Trade and Investment, was granted on December 14, 2023 and signed by Stella Ozo Ezenduka, the Chief Registrar on behalf of President Bola Tinubu.
On the other hand, the Trademark for cipherCHIP tap2verify was granted on October 20, 2023 under the Class of Scientific, nautical, surveying, electric, photographic, cinematographic optical, weighing, measuring, signaling, checking (Supervision), life-saving and teaching apparatus and instruments; apparatus for recording transmission in reproduction of sound or images; magnetic data carriers recording disc; automatic vending machines and mechanism for coin-operated apparatus; cash registers, calculating machines, data processing equipment and computers; free-extinguishing apparatus.
