Hyperspace Technologies Limited, a Web3 startup based in Lagos, has recently acquired its second patent and trademarks for a state-of-the-art blockchain-integrated contactless product authentication and verification system known as cipherCHIP tap2verify. This innovative system is the outcome of extensive research and development by the company’s R&D division and signifies a significant advancement in smart security infrastructure and key management systems.
The cipherCHIP tap2verify system introduces a novel approach to product authentication by combining Near Field Communication (NFC) tags, Non-Fungible Tokens (NFTs), and blockchain technology. Dr. Oluseyi Akindeinde, the lead inventor of the Multi-Factor Authentication (MFA), explains that this system enhances security by requiring multiple methods of authentication from independent categories of credentials to verify the user’s identity.
This recent patent and trademarks acquisition follows the earlier patent secured by Hyperspace Technologies Limited for cipherKEY tap2sign MFA, which is a next-generation security system that leverages blockchain decentralisation, public/private key cryptography robustness, and NFC technology convenience to provide exceptional protection against identity theft, phishing, and social engineering attacks.
The patent certificate for cipherCHIP tap2verify was issued on December 14, 2023, by the Industrial Property Office Registry, Commercial Law Department, Federal Ministry of Trade and Investment. It was signed by Stella Ozo Ezenduka, the Chief Registrar, on behalf of President Bola Tinubu. Additionally, 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.
The team at Hyperspace Technologies Limited is enthusiastic about the future implications of cipherCHIP tap2verify and is committed to further advancing the boundaries of blockchain technology in the realm of smart security infrastructure.
The successful acquisition of this patent and trademarks underscores Hyperspace Technologies Limited’s position as a leading innovator in blockchain-integrated solutions and paves the way for future developments in the field of product authentication and verification.
As the company continues to make strides in the development of cutting-edge technology solutions, it is evident that their dedication to enhancing security and efficiency through blockchain integration is a driving force behind their ongoing success in the industry.
+ There are no comments
Add yours