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Samsung Launches First Time Knox Matrix Blockchain-Based Security System For Smart Devices – Bitcoin Blockchain News

Samsung, the consumer electronics giant, has announced the introduction of a blockchain-like security system for its smart devices. The goal of the system called Knox Matrix is ​​to increase the security of a multi-device environment, where each smart device monitors the others and shares access data to simplify login tasks.

Samsung Blockchain Security System

Blockchain technology is being harnessed for more uses every passing day, including applications based on security and trust. This time, Samsung, the Korean consumer electronics and software company, owns announce Implementing 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 existing security approach. While the company was poor on details and did not specify the inner workings of the system, it did make clear that it would link the various smart devices available on the network, to enhance security through “multi-layer mutual monitoring”.

For example, Samsung claims that using a phone connected to another smart device such as a TV or smart air conditioner will make these devices safer from being exposed to any threat.

Connectivity and devices

According to Samsung, the Knox Matrix solution will also simplify login tasks around the house, because login status is automatically distributed to the devices you need to join the network. However, at the same time, you will ostensibly protect sensitive information from other devices in the network.

The announcement also states that “Whether your Samsung devices are based on Android, Tizen, or another operating system, the Samsung Knox Matrix will be able to provide a unified security SDK. [software development kit]. The launch date and specifications for this system have not been specified by Samsung.

Samsung has been active when it comes to including hardware security designed specifically for blockchain and cryptocurrency-based environments. Early in 2019, the company included a wallet in its flagship smartphone, the Samsung Galaxy S10, which features hardware-based protection for private keys.

The built-in security system at the time, called Knox, is a precursor to the system recently introduced by Samsung. The company has also been very present in the non-fungible tokens (NFT) space, teaming up with six different companies in August to create its own Galaxy-branded NFT ecosystem.

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

Sergio Goshchenko

Sergio is a crypto journalist based in Venezuela. Describing himself as a latecomer, he got into the crypto world when the price spike occurred during December 2017. As he has a background in computer engineering, lives in Venezuela, and is influenced by the crypto boom on a social level, he offers a different perspective on the success of cryptocurrency and how it helps People who do not deal with banks and who are underserved.

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