Hyperspace Technologies Limited has secured its second patent and logos for cipherCHIP tap2verify, a blockchain-integrated contactless product authentication and verification system.

According to the agency, the cipherCHIP tap2verify” system presents a novel strategy to product authentication by integrating near-field communication tags, non-fungible tokens, and blockchain expertise.

The lead inventor of the MFA, Oluseyi Akindeinde, stated in a press release that the agency was poised to reinforce a safety system that requires multiple technique of authentication from impartial classes of credentials to confirm the person’s id.

He stated the startup had in August secured a patent for cipherKEY tap2sign™ MFA (Multi-Factor Authentication), a next-generation safety system designed to leverage the decentralised nature of blockchain.

Akindeinde said, “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.”

He highlighted its potential to revolutionise 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 provided a groundbreaking resolution to product authentication challenges.

“By seamlessly integrating NFC tags, NFTs, and blockchain, it provides an unbreakable chain of trust from manufacturers to consumers.”