In a digital age where the security of personal and sensitive information is paramount, Hyperspace Technologies Limited is making waves with its groundbreaking Multi-Factor Authentication (MFA) system driven by blockchain technology.
Known as cipherKEY tap2sign™ MFA, this innovative security solution leverages the power of blockchain, public/private key cryptography, and Near Field Communication (NFC) technology to provide an unparalleled level of protection against identity theft, phishing, and social engineering attacks.
The mastermind behind this revolutionary MFA system is Dr. Oluseyi Akindeinde, who has designed a security system that demands multiple methods of authentication from independent categories of credentials to confirm a user’s identity.
Hyperspace Technologies officially filed for a patent on June 22, 2023, and the patent was granted on August 28, 2023, marking a significant milestone in the world of digital security.
In today’s era of digital transformation, security is paramount, especially as individuals, businesses, and nations increasingly rely on digital platforms for various activities.
Multi-Factor Authentication (MFA) has emerged as a vital security measure, requiring multiple authentication methods from different categories to verify a user’s identity.
Hyperspace Limited’s cipherKEY tap2sign™ introduces a groundbreaking approach to MFA, utilizing public/private keys, blockchain technology, Web3 capabilities, and contactless NFC cards.
It introduces a fourth factor of authentication – “something you do.” With the cipherKEY NFC card as “something you have” and the action of tapping it against your phone as “something you do,” this system offers both robust security and user-friendliness.
Before securing the patent, the blockchain-driven MFA underwent rigorous testing and reviews. Dr. Akindeinde’s inspiration for this MFA system stemmed from his advocacy for blockchain-driven authentication processes, recognizing the increasing threats to digital identities and transactions.
cipherKEY tap2sign™ MFA is designed to be an ironclad solution to security threats, offering users a robust defence against unauthorized access, data breaches, and peace of mind in an increasingly interconnected digital world.
