Hyperspace Technologies Limited, a pioneering Web3 startup based in Lagos, has recently acquired its second patent and trademark for the innovative cipherCHIP tap2verify. This cutting-edge contactless product authentication and verification system is a groundbreaking addition to the company’s portfolio of smart security infrastructure and key management systems.
The cipherCHIP tap2verify system, developed within the research and development (R&D) division of Hyperspace Technologies Limited, represents a new approach to product authentication. By integrating Near Field Communication (NFC) tags, Non-Fungible Tokens (NFTs), and blockchain technology, this system sets a new standard for ensuring the authenticity of products.
Earlier this year, in August, Hyperspace Technologies Limited secured a patent for cipherKEY tap2sign™ MFA (Multi-Factor Authentication), a next-generation security system that harnesses the decentralized nature of blockchain, the strength of public/private key cryptography, and the convenience of NFC technology to provide unparalleled protection against identity theft, phishing, and social engineering attacks.
The patent certificate for cipherCHIP tap2verify was granted on December 14, 2023, by the Industrial Property Office Registry, Commercial Law Department, Federal Ministry of Trade and Investment. This certificate was signed by Stella Ozo Ezenduka, the Chief Registrar, on behalf of President Bola Tinubu.
In addition to the patent, the Trademark for cipherCHIP tap2verify was awarded 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. This trademark will soon be published in the trademark journal.
Dr. Akindeinde, a representative of Hyperspace Technologies, emphasized the potential of cipherCHIP tap2verify to transform product provenance and authentication. In response to increasingly sophisticated counterfeiting practices, he stated, “In an era where counterfeiting has become increasingly sophisticated, ensuring product authenticity is paramount.” Dr. Akindeinde highlighted how the system combines the unique identification capabilities of NFC tags with the immutable nature of blockchain technology, further enhanced by the uniqueness of NFTs.
He also explained that cipherCHIP tap2verify provides 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.
In conclusion, the recent patent and trademark acquisitions by Hyperspace Technologies Limited mark significant milestones for the company. These achievements underscore the company’s commitment to developing cutting-edge solutions to address pressing security and authentication needs in an increasingly digital world. By leveraging blockchain technology and innovative authentication methods, Hyperspace Technologies is pioneering new standards for product security and authenticity.
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