Hyperspace Applied sciences Restricted has secured its second patent and logos for cipherCHIP tap2verify: A blockchain-integrated contactless product authentication & verification system.
The Lagos-based Web3 startup makes a speciality of next-level sensible safety infrastructure and key administration techniques.
Developed throughout the Hyperspace Applied sciences Restricted’ analysis and growth (R&D) division, “cipherCHIP tap2verify” system presents a novel strategy to product authentication by integrating Close to Area Communication (NFC) tags, Non-Fungible Tokens (NFTs), and blockchain expertise.
, the lead inventor of the MFA that’s poised to reinforce a safety system that requires a couple of technique of authentication from unbiased classes of credentials to confirm the consumer’s id.
Hyperspace Applied sciences Restricted had in August this 12 months secured patent for cipherKEY tap2sign™ MFA (Multi-Issue Authentication), a next-generation safety system designed to leverage the decentralized nature of blockchain, the robustness of public/ non-public key cryptography, and the comfort of NFC (Close to Area Communication) expertise to supply an unprecedented stage of safety towards id theft, phishing, and social engineering assaults.
In the meantime, the cipherCHIP tap2verify’s patent certificates from the Industrial Property Workplace Registry, Industrial Regulation 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.
However, the Trademark for cipherCHIP tap2verify was granted on October 20, 2023 beneath the Class of Scientific, nautical, surveying, electrical, photographic, cinematographic optical, weighing, measuring, signaling, checking (Supervision), life-saving and instructing equipment and devices; equipment for recording transmission in replica of sound or photos; magnetic knowledge carriers recording disc; automated merchandising machines and mechanism for coin-operated equipment; money registers, calculating machines, knowledge processing tools and computer systems; free-extinguishing equipment.
Will probably be revealed within 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 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 expertise, additional enhanced by the individuality of NFTs”.
He added that cipherCHIP tap2verify presents a groundbreaking answer to product authentication challenges.
By seamlessly integrating NFC tags, NFTs, and blockchain, it offers an unbreakable chain of belief from producers to customers.
