Hyperspace Limited – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Sat, 04 May 2024 07:22:58 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Hyperspace Limited – Tech | Business | Economy https://techeconomy.ng 32 32 WATISE 2.0: Maida, Others Explore Emerging Trends Shaping Telecoms Infrastructure https://techeconomy.ng/watise-2-0-maida-others-explore-emerging-trends-shaping-telecoms-infrastructure/ https://techeconomy.ng/watise-2-0-maida-others-explore-emerging-trends-shaping-telecoms-infrastructure/#respond Sat, 04 May 2024 07:22:58 +0000 https://techeconomy.ng/?p=130563 Telecommunications experts across West Africa have discussed trends and innovations redefining telecoms infrastructure.

The experts also harped on the strategies that are crucial for the sustainability of telecommunications infrastructure to fast-track the regions digital economy.

Speaking at the second edition of the West Africa Telecoms Infrastructure Summit and Exhibition (WATISE), with the theme: ‘Shaping the future of the telecoms infrastructure industry: Trends and Insights for a Digital Economy’ and organized by TechnologyMirror, an online telecoms news and information platform, held in Lagos, Southwest Nigeria, the experts x-rayed critical issues relating to the survival of the telecoms industry using the Nigerian market as a reference point.

Leading the conversation, Dr Aminu Maida, the executive vice chairman of the Nigerian Communications Commission (NCC), in his keynote address which was on the theme of WATISE 2.0, noted that the journey towards a digital economy has a future that is paved with immense possibilities and profound challenges noting that:

“How we navigate this path will determine the role Nigeria plays in the global digital landscape.”

Maida who was represented by Engr Victor Adoga, the head of Next Generation Technology and Standard at the NCC, described telecommunications infrastructure as the backbone of the digital economy, facilitating seamless connectivity and supporting a range of services from basic voice calls to high-speed internet and cloud computing.

He stated that the rapid growth of the digital economy demands robust, scalable, and secure telecommunications infrastructure disclosing that there are several key trends that are poised to shape the future of telecom infrastructure.

According to Maida, the rollout of 5G networks is a transformative trend in telecoms infrastructure saying that 5G promises significantly higher speeds, lower latency, and greater capacity, facilitating new applications such as IoT (Internet of Things), autonomous vehicles, smart cities and advanced augmented reality.

He listed other emerging trends affecting the deployment of telecoms infrastructure across the region as Internet of Things, Fiber Optic Expansion, Data Localisation and Security, Regulatory Frameworks, Cybersecurity and Energy Efficiency and Sustainability.

He however suggested that the telecoms operators must take consider strategic actions to stay in business saying that collaboration which is partnerships between government, industry, and academia can drive innovation and development.

He added that Innovative Financing Models, Investment in Human Capital, Focus on Sustainability, Integration with AI and Machine Learning and Developing Smart Infrastructure noting also as crucial investing in rural telecom infrastructure and making digital literacy a key component of our educational programs.

Still speaking on the theme of WATISE 2.0, Mr Chidi Ajuzie, the chief executive officer of WTES Projects Limited, who joined virtually from Ethiopia said there is deluge of connectivity from submarine cable landings linking Nigeria to Europe and rest of the world.

According to him, while there is no centrally managed national transmission backbone, licensed Operators have, over the years, built transmission networks to meet their own needs, often duplicated on most routes.

He disclosed that the Universal Service Provision Fund (USPF) has carried out a detailed study to characterize basic telephony and ICT gaps in the country, identifying 97 clusters with varying population densities and a cumulative population of about 27.91 million that suffer from significant connectivity services gaps. Digital broadband gap is even more, estimated at over 100 million population.

Ajuzie stated that to reap the benefits of broadband, there is need to close the clear gaps existing in the metro middle- and last-mile segments of the connectivity value chain. New Connectivity will be required to bridge the gaps and meet the National Broadband targets.

In fireside chat on ‘Enhancing Rural Connectivity: Strategies for Expanding Telecom Infrastructure’ Tinuade Oguntuyi, head of Network and Solutions at Information and Communications Services Limited (ICSL) said that that rural areas need better network services for proper communication and development.

Oguntuyi, who anchored the fireside chat urged the government to support network service providers to reach more rural places as they are also full of great potentials for the growth of the nation.

Also speaking, Ahmad Tijani, a local content ICT advocate commended Federal Government projects to connect the rural dwellers and harped on the need to carry the local government leaders along.

Tijani who represented Dr. Adebunmi Adeola Akinbo, national secretary ICTLOCA, cited the challenge of data gathering which can be sorted by the local government, calling on the grassroots to add value to the nation growth.

In his welcome address, Isaiah Erhiawarien, the convener of WATISE, said that the second edition was a step towards ensuring a reliable telecoms infrastructure for the region, and thanked the Nigerian Communications Commission, Open Access Data Nigeria Limited, Digital Realty, ICSL, HyperSpace Limited and OneData Limited for believing in the dream of the organisers.

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Oluseyi Akindeinde Secures Patent for cipherKEY tap2sign™, a Blockchain-driven Authentication System https://techeconomy.ng/oluseyi-akindeinde-secures-patent-for-cipherkey-tap2sign-a-blockchain-driven-authentication-system/ https://techeconomy.ng/oluseyi-akindeinde-secures-patent-for-cipherkey-tap2sign-a-blockchain-driven-authentication-system/#comments Sun, 03 Sep 2023 23:04:00 +0000 https://techeconomy.ng/?p=112116 Hyperspace Technologies Limited, a Lagos-based Web3 startup specializing in next-level smart security infrastructure and key management systems, has secured a patent for its Blockchain technology-driven Multi-Factor Authentication (MFA).

Developed within the Hyperspace Technologies’ research and development (R&D) division, cipherKEY tap2sign™ MFA is a next-generation security system designed to leverage the decentralized nature of blockchain, the robustness of public/ private key cryptography, and the convenience of NFC (Near Field Communication) technology to provide an unprecedented level of security against identity theft, phishing, and social engineering attacks

Dr. Oluseyi Akindeinde has been credited as the inventor of this MFA that is poised to enhance a security system that requires more than one method of authentication from independent categories of credentials to verify the user’s identity.

The patent application was officially filed on June 22, 2023, and the patent certificate, sighted by our reporter, indicates that it was granted on August 28, 2023.

In the age of digital transformation, security is paramount. As individuals, businesses and nations increasingly rely on digital platforms for everything from banking to social networking, the need for robust security measures has never been more critical.

One such measure is Multi-Factor Authentication (MFA), a security system that requires more than one method of authentication from independent categories of credentials to verify the user’s identity.

Today, Hyperspace Limited has introduced cipherKEY tap2sign™, a groundbreaking MFA technology that leverages the security of public/private keys, blockchain, Web3 technology, and contactless Near Field Communication (NFC) cards.

It utilizes the concept of “proof of possession” and a fourth factor of authentication – “something you do”.

In the case of cipherKEY tap2sign™, “something you have” is the cipherKEY NFC card, and “something you do” is the action of tapping the cipherKEY NFC card against your phone.

This unique combination of factors makes thetap2sign™ system incredibly secure and user-friendly. Before securing the patent, the Blockchain technology-driven MFA was subjected to rigorous reviews and tests.

Dr. Akindeinde’s inspiration for creating this MFA stemmed from his advocacies for blockchain technology-driven authentication processes.

“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 cipherKEYtap2sign™ MFA – your ironclad solution to security threats.

“Imagine a wall. A wall so high and so robust, nothing unauthorized can get over it, under it, or through it. That wall is the cipherKEY tap2sign™ MFA, and we’ve designed it to protect what matters most to you – your identity, your data, your peace of mind”, he said.

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