Samsung Launches 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. Named Knox Matrix, the goal of the system is to increase the security of a multi-device environment, with each smart device monitoring others and sharing access data to simplify login tasks.

Samsung Blockchain Powered Security System

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

At the recent Samsung Developer Conference, the system, called Knox Matrix, was presented as a revamp of Samsung’s current security approach. While the company was thin on details and did not specify about the inner workings of the system, it explained that it will connect the various smart devices available on a network to improve security through “multi-layer mutual monitoring.”

For example, Samsung claims that using a phone connected to another smart device such as a TV or a smart AC will make those devices safer from being compromised by threats.

Connection and hardware

According to Samsung, the Knox Matrix solution will also streamline login tasks around the home, because the login status is automatically distributed to devices that need it to join the network. But at the same time, it will apparently protect sensitive information from other devices in the network.

The announcement also notes that “Whether your Samsung devices are based on Android, Tizen or other operating systems, 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 when it comes to incorporating hardware security specifically made for blockchain and cryptocurrency-based environments. Already in 2019, the company included a wallet in its flagship smartphone, the Samsung Galaxy S10, which featured hardware-based protection of private keys.

The security system included at the time, called Knox, is the forerunner of the system Samsung recently presented. The company has also been very present in the non-fungible token (NFT) space, partnering with six different companies in August to establish its own Galaxy-branded NFT ecosystem.

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

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price spike occurred during December 2017. He has a computer engineering background, lives in Venezuela and is influenced by the cryptocurrency boom on a social level, offering a different point of view on crypto success and how it helps the unbanked and underserved.

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