Hyperspace Applied sciences Restricted stated it has efficiently registered the second patent and emblems for its blockchain-based contactless product authentication and verification system.
The innovation which is named cipherCHIP tap2verify was developed inside the Hyperspace Applied sciences Restricted analysis and growth division. It gives a novel strategy to product authentication by integrating Close to Discipline Communication (NEC) tags, Non-Fungible Tokens (NFTs), and blockchain know-how.
Hyperspace Applied sciences Restricted is a Lagos-based Web3 startup that specialises in next-level good safety infrastructure and key administration methods. The cipherCHIP tap2verify, whose invention was led by Oluseyi Akindeinde, is predicted to reinforce a safety system that requires a couple of methodology of authentication from impartial classes of credentials to confirm the consumer’s identification.
“In an period the place counterfeiting has change into more and more subtle, guaranteeing product authenticity is paramount, cipherCHIP tap2verify addresses this problem by combining the distinctive identification capabilities of NFC tags with the immutable nature of blockchain know-how, additional enhanced by the distinctiveness of NFTs,” Akindeinde stated.
In August 2023, Hyperspace Applied sciences Restricted secured the primary patent for cipherKEY tap2sign MFA (Multi-Issue Authentication), a next-generation safety system designed to leverage the decentralised nature of blockchain, the robustness of private and non-private key cryptography, and the comfort of NFC know-how to offer an unprecedented stage of safety in opposition to identification theft, phishing, and social engineering assaults.
The patent certificates for cipherCHIP tap2verify was granted on December 14, 2023, by the Industrial Property Workplace Registry, Business Legislation Division, Federal Ministry of Commerce and Funding. The Trademark was granted earlier, on October 20, 2023, underneath the Class of scientific, nautical, surveying, electrical, photographic, cinematographic optical, weighing, measuring, signalling, checking, life-saving, and instructing equipment and devices; equipment for recording transmission in replica of sound or pictures, 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-extingushing equipment.
