A tech firm, Hyperspace
Technologies Limited, has secured its second patent and trademarks for
cipherCHIP tap2verify, a blockchain-integrated contactless product
authentication and verification system.
The Lagos-based Web3 startup
specializes in next-level smart security infrastructure and key management
systems.
Developed within the
Hyperspace Technologies Limited’ research and development (R&D) division,
“cipherCHIP tap2verify" system presents a novel approach to product
authentication by integrating Near Field Communication (NFC) tags, Non-Fungible
Tokens (NFTs), and blockchain technology.
Dr. Oluseyi Akindeinde is the
lead inventor of the MFA that is poised to enhance a security system that
requires more than one method of authentication from independent categories of
credentials to verify the user’s identity.
Hyperspace Technologies
Limited had in August this year secured patent for cipherKEY tap2sign Multi-Factor
Authentication(MFA), a next-generation security system designed to leverage the
decentralized nature of blockchain, the robustness of public/ private key
cryptography, and the convenience of NFC (Near Field Communication) technology
to provide an unprecedented level of security against identity theft, phishing,
and social engineering attacks.
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.
The trademark for cipherCHIP
tap2verify was granted on October 20, 2023 under the Class of Scientific,
nautical, surveying, electric, photographic, cinematographic optical, weighing,
measuring, signaling, checking (Supervision), life-saving and teaching
apparatus and instruments; apparatus for recording transmission in reproduction
of sound or images; magnetic data carriers recording disc; automatic vending
machines and mechanism for coin-operated apparatus; cash registers, calculating
machines, data processing equipment and computers; free-extinguishing
apparatus.
It will be published in 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 offers a groundbreaking solution to product authentication
challenges.
By seamlessly integrating NFC
tags, NFTs, and blockchain, it provides an unbreakable chain of trust from
manufacturers to consumers.
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