Hyperspace secures patent for blockchain technology, others

Hyperspace Technologies Limited has secured its second patent and trademark for cipherCHIP tap2verify, 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.
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Developed within Hyperspace Technologies Limited’s research and development (R&D) division, cipherCHIP tap2verify presents a novel approach to product authentication by integrating near-field communication (NFC) tags, non-fungible tokens (NFTs) and blockchain technology.
   
The lead inventor of the MFA, Dr Oluseyi Akindeinde, 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.
    
Hyperspace Technologies Limited had in August this year secured patent for cipherKEY tap2sign MFA (Multi-factor Authentication), 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.
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