Hyperspace Technologies Limited has secured a patent for its innovative Blockchain technology-driven Multi-Factor Authentication (MFA) system, marking a critical milestone in cybersecurity. This next-generation security technology, cipherKEY tap2sign, was developed under the auspices of Hyperspace Technologies’ research and development division. It promises to revolutionize how we protect our digital identities.
MFA is an essential part of modern cybersecurity, requiring multiple layers of authentication to confirm a user’s identity. The MFA from Hyperspace Technologies takes this concept to the next level by combining the strength of blockchain technology, the security of public/private key encryption, and the ease of Near Field Communication (NFC) technology.
Dr. Oluseyi Akindeinde, the developer of cipherKEY tap2sign MFA, is at the heart of this breakthrough. Dr. Akindeinde’s invention represents a substantial advancement in digital identity security and protection against identity theft, phishing attempts, and social engineering methods.
The patent application for this game-changing breakthrough was officially filed on June 22, 2023, and the patent certificate was awarded on August 28, 2023.
Dr. Oluseyi Akindeinde said in a statement on the achievement, “In a world where our digital identities are increasingly under threat, where a single misstep can compromise your entire network, and where every transaction we make leaves us vulnerable, we understand your concern.” We can relate to the sleepless nights. And it is for this reason that we have spent years developing cipherKEY tap2signTM MFA – your foolproof solution to security concerns.”
He compared the security provided by cipherKEY tap2sign MFA to an insurmountable wall that protects users from unauthorized entry. This unique security system promises to stand tall, preventing unauthorized access—whether through, over, or under the protective barrier.
This patent’s relevance extends beyond Hyperspace Technologies. It is a big step forward in the ongoing effort to defend the digital sphere. Innovative solutions such as cipherKEY tap2sign MFA become increasingly crucial in protecting our digital lives as cyber dangers change and multiply.
With this patent in hand, Hyperspace Technologies is set to provide individuals and organizations with unprecedented security and peace of mind, guaranteeing that their digital identities, data, and information remain securely under their control and protected from the digital age’s ever-present threats.
