Hyperspace Technologies Limited has secured its second patent and emblems for cipherCHIP tap2verify: A blockchain-integrated contactless product authentication & verification system.

The Lagos-based Web3 startup makes a speciality of next-level good safety infrastructure and key administration programs. 

Developed inside the Hyperspace Technologies Limited’ analysis and improvement (R&D) division, “cipherCHIP tap2verify” system presents a novel method to product authentication by integrating Near Field Communication (NFC) tags, Non-Fungible Tokens (NFTs), and blockchain expertise. 

Dr. Oluseyi Akindeinde

, the lead inventor of the MFA that’s poised to reinforce a safety system that requires a couple of technique of authentication from unbiased classes of credentials to confirm the person’s identification.

Hyperspace Technologies Limited had in August this yr secured patent for cipherKEY tap2sign™ MFA (Multi-Factor Authentication), a next-generation safety system designed to leverage the decentralized nature of blockchain, the robustness of public/ non-public key cryptography, and the comfort of NFC (Near Field Communication) expertise to supply an unprecedented degree of safety in opposition to identification theft, phishing, and social engineering assaults.

Meanwhile, the cipherCHIP tap2verify’s patent certificates 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 opposite hand, the Trademark for cipherCHIP tap2verify was granted on October 20, 2023 beneath the Class of Scientific, nautical, surveying, electrical, photographic, cinematographic optical, weighing, measuring, signaling, checking (Supervision), life-saving and instructing equipment and devices; equipment for recording transmission in replica of sound or photographs; magnetic information carriers recording disc; automated merchandising machines and mechanism for coin-operated equipment; money registers, calculating machines, information processing gear and computer systems; free-extinguishing equipment. 

It can be printed within the trademark journal.

Commenting on the journey to securing the patent and trademark, the intricate workings of cipherCHIP tap2verify, Dr. Akindeinde highlighted its potential to revolutionize product provenance and authentication.

“In an era where counterfeiting has become increasingly sophisticated, ensuring product authenticity is paramount. cipherCHIP tap2verify addresses this challenge by combining the unique identification capabilities of NFC tags with the immutable nature of blockchain technology, further enhanced by the uniqueness of NFTs”.

He added that cipherCHIP tap2verify presents a groundbreaking answer to product authentication challenges. 

By seamlessly integrating NFC tags, NFTs, and blockchain, it supplies an unbreakable chain of belief from producers to customers.