Samsung to Debut Knox Matrix Blockchain-Based Security System for Smart Devices – Blockchain Bitcoin News

Samsung, the consumer electronics giant, has announced the introduction of a blockchain-like security system for its smart devices. Dubbed Knox Matrix, the goal of the system is to increase security in multi-device environments, with each smart device monitoring others and sharing access data to simplify login tasks. .

Security system backed by Samsung’s blockchain

Blockchain technology is being harnessed for more and more uses every day, including secure and trust-based applications. This time Samsung, a Korean consumer electronics and software company, has announced implementation of a “private blockchain” system as a way of enhancing the security of its smart devices.

At the recent Samsung Developer Conference, the system, called Knox Matrix, was introduced as an improvement on Samsung’s current security approach. While the company didn’t know the details and didn’t elaborate on the inner workings of the system, it did explain that it will connect various smart devices available on the network, to enhance information security. through “multi-layered mutual monitoring”.

For example, Samsung claims that using a phone connected to another smart device such as a TV or smart AC will make these devices more secure from any threats.

Connectivity and Hardware

According to Samsung, its Knox Matrix solution will also streamline sign-in tasks around the house, as login status is automatically distributed to the devices that need it to join the network. However, at the same time, it will ostensibly protect sensitive information from other devices on the network.

The announcement also notes that “Whether your Samsung device is based on Android, Tizen, or another operating system, Samsung Knox Matrix will be able to provide a unified security SDK [software development kit]. The launch date and specifications of this system were not provided by Samsung.

Samsung has been active in including hardware security specifically created for blockchain and crypto-based environments. As early as 2019, the company included a wallet in its flagship smartphone, the Samsung Galaxy S10, featured hardware-based private key protection.

The security system included at the time, called Knox, was a forerunner of the system Samsung introduced recently. The company has also been heavily present in the field of non-fungible tokens (NFTs), collaborate with six different companies in August to form its own Galaxy-branded NFT ecosystem.

What do you think about the announcement of Knox Matrix, Samsung’s blockchain-based security system? Let us know in the comments section below.

Sergio Goschenko

Sergio is a crypto journalist based in Venezuela. He describes himself as a latecomer to the game, entering the crypto world when the bull run occurred in December 2017. Has a computer engineering background, lives in Venezuela and is affected by the volatility. crypto boom on a social level, he offers a different perspective on the success of cryptocurrency and how it helps the unbanked and underserved.

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