Hyperspace Technologies Limited is pleased to announce a significant milestone in the acquisition of patents and trademarks for its innovative contactless product authentication and verification system, “cipherCHIP tap2verify.” This cutting-edge system, incorporating blockchain technology, introduces a novel approach to product authentication, effectively mitigating the challenges posed by counterfeit products and ensuring their authenticity.
Conceived within the confines of the company’s esteemed research and development (R&D) division, “cipherCHIP tap2verify” introduces a fresh perspective on product authentication by mandating multiple authentication methods from independent credential categories to validate the user’s identity. Dr. Oluseyi Akindeinde, the primary inventor, underscores the system’s potential to revolutionize the ever-evolving landscape of counterfeit products.
This achievement builds upon the company’s prior success in securing a patent for “cipherKEY tap2sign™ MFA (Multi-Factor Authentication),” which utilizes blockchain technology and Near Field Communication (NFC) technology to provide unparalleled security against identity theft and phishing attacks.
The grant of the patent certificate for “cipherCHIP tap2verify” on December 14, 2023, and the subsequent issuance of the trademark on October 20, 2023, within the Class of Scientific, nautical, surveying, electric, photographic, cinematographic optical, weighing, measuring, signaling, checking (Supervision), life-saving and teaching apparatus and instruments, underlines Hyperspace Technologies’ steadfast dedication to advancing cybersecurity measures and ensuring the authenticity of products.
Dr. Akindeinde has underscored the pioneering nature of the “cipherCHIP tap2verify” system, emphasizing its unparalleled solution to the challenges posed by product authentication. Through the seamless integration of NFC tags, NFTs, and blockchain, the system establishes an unassailable chain of trust from manufacturers to consumers. This innovative approach is particularly critical in the current landscape, where counterfeiting presents a significant threat to product integrity.
The acquisition of patents and trademarks for “cipherCHIP tap2verify” marks a paradigm shift in guaranteeing the authenticity of products, setting new benchmarks in security and trust. This accomplishment underscores the company’s ongoing dedication to advancing smart security infrastructure and key management systems, leading the charge in the realm of cybersecurity, and redefining product authentication.
Kelly Cromley
Researcher and Contributor of Cryptocurrency Developments and ICOs
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