Nigerian inventor, Dr. Oluseyi Akindeinde, has achieved a significant milestone through his company, Hyperspace Technologies Limited. He has successfully secured a patent for a groundbreaking Multi-Factor Authentication (MFA) system powered by blockchain technology.
Developed within the research and development (R&D) division of Hyperspace Technologies, this new MFA system, called cipherKEY tap2sign™, represents the next generation of security solutions. It harnesses the decentralized nature of blockchain, the robustness of public/private key cryptography, and the convenience of Near Field Communication (NFC) technology to offer an unparalleled level of protection against identity theft, phishing attacks, and social engineering tactics.
Multi-Factor Authentication (MFA) is a pivotal advancement in the realm of security systems. It requires multiple independent forms of authentication to verify a user’s identity.
The patent application for this innovative MFA system was officially submitted on June 22, 2023, and reports confirm that the patent certificate was granted on August 28, 2023.
Dr. Oluseyi Akindeinde shared his inspiration behind creating this MFA system, emphasizing the need for robust blockchain-based authentication processes. He emphasized the importance of a security solution that leaves no room for unauthorized access in an era where digital identities are constantly under threat.
“In a world where our digital identities are increasingly under threat, where a single misstep can compromise your entire network, where every transaction we make leaves us vulnerable, we understand your concern. We understand the sleepless nights. And that’s why we’ve spent years developing cipherKEY tap2sign™ MFA – your ironclad solution to security threats,” said Dr. Akindeinde.
He went on to illustrate the concept further, comparing it to an impregnable wall that shields what matters most: identity, data, and peace of mind.
In the age of digital transformation, security is paramount. With individuals, businesses, and nations increasingly relying on digital platforms for various activities, robust security measures are crucial. Multi-Factor Authentication (MFA) is one such measure, requiring multiple forms of authentication from different credential categories to verify a user’s identity.
Hyperspace Limited has introduced cipherKEYtap2sign™, an innovative MFA technology that sets a new standard in security. It combines the security of public/private keys, blockchain technology, Web3 capabilities, and contactless Near Field Communication (NFC) cards.
This system introduces a fourth factor of authentication, “something you do,” alongside the traditional factors of “something you know” and “something you have.” In the case of cipherKEYtap2sign™, “something you have” is the cipherKEY NFC card, and “something you do” is the action of tapping the card against your phone.
This unique blend of factors makes the tap2sign™ system exceptionally secure and user-friendly. Before securing the patent, this blockchain-driven MFA underwent rigorous testing and evaluation, ensuring its reliability and effectiveness in safeguarding digital identities and sensitive data.
In an era where cybersecurity threats loom large, innovations like cipherKEYtap2sign™ represent significant steps toward ensuring a secure digital future.