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Hyperspace Applied sciences Restricted has secured its second patent and emblems for cipherCHIP tap2verify, a blockchain-integrated contactless product authentication and verification system.
In response to the agency, the cipherCHIP tap2verify” system presents a novel method to product authentication by integrating near-field communication tags, non-fungible tokens, and blockchain know-how.
The lead inventor of the MFA, Oluseyi Akindeinde, mentioned in a press release that the agency was poised to boost a safety system that requires multiple technique of authentication from impartial classes of credentials to confirm the consumer’s identification.
He mentioned the startup had in August secured a patent for cipherKEY tap2sign™ MFA (Multi-Issue Authentication), a next-generation safety system designed to leverage the decentralised nature of blockchain.
Akindeinde said, “In the meantime, the cipherCHIP tap2verify’s patent certificates from the Industrial Property Workplace Registry, Industrial Legislation 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.”
He highlighted its potential to revolutionise product provenance and authentication.
“In an period the place counterfeiting has turn into more and more refined, making certain product authenticity is paramount. cipherCHIP tap2verify addresses this problem by combining the distinctive identification capabilities of NFC tags with the immutable nature of blockchain know-how, additional enhanced by the distinctiveness of NFTs.”
He added that cipherCHIP tap2verify supplied a groundbreaking resolution to product authentication challenges.
“By seamlessly integrating NFC tags, NFTs, and blockchain, it supplies an unbreakable chain of belief from producers to customers.”
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