In this paper, Matlab-Simulink and LabView models are constructed for a new nonlinear dynamic system of equations in an eight-dimensional (8D) phase space. For fixed parameters of the 8D dynamical system, the spectrum of Lyapunov exponents and the Kaplan-York dimension are calculated. The presence of two positive Lyapunov exponents demonstrates the hyperchaotic behavior of the 8D dynamical system. The fractional Kaplan-York dimension indicates the fractal structure of strange attractors. We have shown that an adaptive controller is used to stabilize the novel 8D chaotic system with unknown system parameters. An active control method is derived to achieve global chaotic synchronization of two identical novel 8D chaotic systems with unknown system parameters. Based on the results obtained in Matlab-Simulink and LabView models, a chaotic signal generator for the 8D chaotic system is implemented in the Multisim environment. The results of chaotic behavior simulation in the Multisim environment show similar behavior when comparing simulation results in Matlab-Simulink and LabView models.