Hyperspace Secures Second Patent for its Blockchain Technology Solution

Emma Okonji

Hyperspace Applied sciences Restricted has secured its second patent and emblems for cipherCHIP tap2verify, which is a blockchain-integrated contactless product authentication and verification system.

The Lagos-based Web3 startup specialises in next-level sensible safety infrastructure and key administration methods.

Developed inside the Hyperspace Applied sciences Restricted analysis and growth (R&D) division, ‘cipherCHIP tap2verify’ system presents a novel strategy to product authentication by integrating Close to Subject Communication (NFC) tags, Non-Fungible Tokens (NFTs), and blockchain know-how.

Talking concerning the growth, the lead inventor of the Multi-Issue Authentication (MFA), Dr. Oluseyi Akindeinde,  stated it might improve a safety system that requires a couple of technique of authentication from unbiased classes of credentials to confirm the consumer’s identification.

Hyperspace Applied sciences Restricted had in August this yr secured patent for cipherKEY tap2sign MFA, a next-generation safety system designed to leverage the decentralized nature of blockchain, the robustness of public/ personal key cryptography, and the comfort of NFC (Close to Subject Communication) know-how to offer an unprecedented degree of safety in opposition to identification theft, phishing, and social engineering assaults.

In the meantime, the cipherCHIP tap2verify’s patent certificates from the Industrial Property Workplace Registry, Industrial Regulation Division, Federal Ministry of Commerce and Funding, was granted on December 14, 2023 and signed by Stella Ozo Ezenduka, the Chief Registrar on behalf of President Bola Tinubu.

Alternatively, the Trademark for cipherCHIP tap2verify was granted on October 20, 2023 underneath 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 copy of sound or pictures; magnetic information carriers recording disc; computerized merchandising machines and mechanism for coin-operated equipment; money registers, calculating machines, information processing tools and computer systems; free-extinguishing equipment.