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Hyperspace Technologies Limited has achieved a significant milestone by securing a patent for its innovative Multi-Factor Authentication (MFA) system, driven by blockchain technology.
This cutting-edge security system, known as cipherKEY tap2sign, was developed within Hyperspace Technologies’ dedicated research and development division. It represents the next generation of security solutions, capitalizing on the decentralized nature of blockchain, the robustness of public/private key cryptography, and the convenience of Near Field Communication (NFC) technology. cipherKEY tap2sign offers an unparalleled level of protection against identity theft, phishing, and social engineering attacks.
The patent for this groundbreaking MFA system lists Dr. Oluseyi Akindeinde as the inventor. It introduces a security paradigm that necessitates multiple authentication methods from independent categories of credentials to verify a user’s identity effectively.
The patent application was officially submitted on June 22, 2023, and the patent certificate was granted on August 28, 2023.
Dr. Akindeinde commented on the significance of this certification, stating, “In a world where our digital identities are increasingly vulnerable, and a single security lapse can compromise entire networks, we understand the concerns and sleepless nights faced by individuals and organizations alike. That’s why we’ve dedicated years to develop cipherKEYtap2sign™ MFA, your impregnable security solution.”
He added, “Imagine a formidable wall of protection, impenetrable to any unauthorized access. That wall is the cipherKEY tap2sign MFA, meticulously designed to safeguard what matters most to you: your identity, your data, and your peace of mind.”
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