Hyperspace Technologies Secures Second Patent for NFC, NFT and Blockchain Powered cipherCHIP tap2verify Dec 23, 2023 Dec 23, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsDecember 23, 2023 by Kelly Cromley

Hyperspace Technologies Secures Second Patent for NFC, NFT and Blockchain Powered cipherCHIP tap2verify

In a significant stride toward enhancing product authentication and security, Hyperspace Technologies Limited has recently obtained its second patent and trademarks for the innovative “cipherCHIP tap2verify” system. This blockchain-integrated contactless product authentication and verification solution is designed to reshape the landscape of smart security infrastructure.

The Novel Approach: Unveiling cipherCHIP tap2verify

Hyperspace Technologies Limited, a Lagos-based Web3 startup specializing in advanced smart security infrastructure and key management systems, has developed the “cipherCHIP tap2verify” system within its research and development (R&D) division. Dr. Oluseyi Akindeinde, the lead inventor, introduced this system, presenting a unique approach to product authentication by seamlessly integrating Near Field Communication (NFC) tags, Non-Fungible Tokens (NFTs), and blockchain technology.

The Inventor’s Vision: Dr. Akindeinde Speaks

Dr. Akindeinde, the visionary behind the “cipherCHIP tap2verify” system, emphasizes the importance of multi-factor authentication (MFA) in enhancing security systems. He envisions a security approach that necessitates multiple methods of authentication from independent categories of credentials to verify a user’s identity.

Continued Innovation: Building on cipherKEY tap2sign™ MFA

This recent achievement follows Hyperspace Technologies Limited’s earlier success in securing a patent for “cipherKEY tap2sign™ MFA” in August of this year. This next-generation security system leverages blockchain decentralization, robust public/private key cryptography, and the convenience of Near Field Communication (NFC) technology. Together, they provide an unparalleled level of security against identity theft, phishing, and social engineering attacks.

Legal Recognition: Patent and Trademark Details

The patent certificate for “cipherCHIP tap2verify” was officially granted on December 14, 2023, by the Industrial Property Office Registry, Commercial Law Department, Federal Ministry of Trade and Investment. Stella Ozo Ezenduka, Chief Registrar, signed the certificate on behalf of President Bola Tinubu. Additionally, the trademark for “cipherCHIP tap2verify” under the scientific and technological category was granted on October 20, 2023, and is set to be published in the trademark journal.

The Journey Unveiled: Dr. Akindeinde Reflects

Commenting on the arduous journey to securing the patent and trademark, Dr. Akindeinde elaborated on the intricacies of “cipherCHIP tap2verify” and its potential to revolutionize product provenance and authentication. In an era where counterfeiting has reached sophisticated heights, he stressed the significance of ensuring product authenticity. According to Dr. Akindeinde, “cipherCHIP tap2verify” addresses this challenge by synergizing NFC tags’ unique identification capabilities with the immutable nature of blockchain technology, further enhanced by the uniqueness of NFTs.

A Groundbreaking Solution: Integrating NFC, NFTs, and Blockchain

In his reflections, Dr. Akindeinde emphasized that “cipherCHIP tap2verify” offers a groundbreaking solution to product authentication challenges. By seamlessly integrating NFC tags, NFTs, and blockchain, it establishes an unbreakable chain of trust from manufacturers to consumers. This innovative system is poised to play a pivotal role in reshaping the future landscape of product authentication and security.

Conclusion: Transforming Authentication in the Modern Era

As Hyperspace Technologies Limited continues to push the boundaries of technological innovation, the “cipherCHIP tap2verify” system stands as a testament to their commitment to advancing smart security infrastructure. With its recent patent and trademark acquisitions, the company positions itself at the forefront of the evolving landscape of product authentication, offering a robust and sophisticated solution to combat the challenges posed by counterfeit practices.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.