Hyperspace Technologies Limited, a leading Web3 startup based in Lagos, Nigeria, continues to make waves in the tech world. The company has recently secured its second patent and trademarks for "cipherCHIP tap2verify," a cutting-edge blockchain-integrated contactless product authentication and verification system.
The Birth of "cipherCHIP tap2verify"
Developed within the research and development (R&D) division of Hyperspace Technologies Limited, the "cipherCHIP tap2verify" system represents a revolutionary approach to product authentication. This innovative system seamlessly integrates Near Field Communication (NFC) tags, Non-Fungible Tokens (NFTs), and blockchain technology to enhance the security and authenticity of products.
Building on Success: A Recap of the First Patent
This achievement follows the startup's earlier success in securing a patent for "cipherKEY tap2sign™️ Multi-Factor Authentication (MFA)" in August of the same year. This MFA system leverages the decentralized nature of blockchain, the robustness of public/private key cryptography, and the convenience of Near Field Communication (NFC) technology. The aim is to provide an unprecedented level of security against identity theft, phishing, and social engineering attacks.
The trademark for "cipherCHIP tap2verify" was officially granted on October 20, 2023, under a diverse range of categories. These include Scientific, nautical, surveying, electric, photographic, cinematographic optical, weighing, measuring, signalling, checking (Supervision), life-saving, and teaching apparatus and instruments. The categories further extend to apparatus for recording transmission in reproduction of sound or images, magnetic data carriers recording disc, automatic vending machines, mechanism for coin-operated apparatus, cash registers, calculating machines, data processing equipment, and computers, as well as free-extinguishing apparatus.
The Vision of Akindeinde
Akin Akindeinde, the visionary behind Hyperspace Technologies Limited, emphasized the critical need for ensuring product authenticity in an era where counterfeiting has become increasingly sophisticated. He highlighted that "cipherCHIP tap2verify" stands as a formidable solution to this challenge. By combining the unique identification capabilities of NFC tags with the immutable nature of blockchain technology and the added uniqueness of NFTs, the system creates an unbreakable chain of trust from manufacturers to consumers.
Akindeinde asserted that "cipherCHIP tap2verify" offers a groundbreaking solution to product authentication challenges. The system's seamless integration of NFC tags, NFTs, and blockchain establishes an unassailable chain of trust, ensuring the integrity of products throughout the supply chain. This advancement not only safeguards against counterfeiting but also provides consumers with confidence in the authenticity of the products they purchase.
Hyperspace Technologies Limited stands at the forefront, reshaping the landscape of product authentication with its visionary advancements in blockchain technology.