Every day, new applications utilizing blockchain technology are being developed, including security and trust-based ones.
This time, Samsung, a Korean manufacturer of consumer electronics and software, has disclosed plans to use a “private blockchain” system to boost the security of its smart gadgets.
The solution, called Knox Matrix, was unveiled as a revision of Samsung’s current security strategy at the most recent Samsung Developer Conference.
Although the business provided little information and did not elaborate on the system’s inner workings, it did explain that it would connect the many smart devices that were available on a network in order to improve security through “multi-layered mutual monitoring.”
For instance, Samsung asserts that utilizing a phone in conjunction with a smart appliance, such as a TV or an air conditioner, will protect those items from being hacked by any attack.
Since the login status is automatically transmitted to devices that need it to join the network, Samsung claims that its Knox Matrix solution will also expedite login chores throughout the home. It will ostensibly shield private data from other networked devices at the same time, though.
Samsung Knox Matrix will be able to offer a uniform security SDK [software development kit], regardless of whether your Samsung devices are based on Android, Tizen, or another OS, according to the release. Samsung omitted to provide the system’s launch date and technical details.
Samsung has been involved in integrating hardware security designed specifically for environments based on cryptocurrencies and blockchains.
As early as 2019, the manufacturer incorporated a wallet with hardware-based private key protection into its flagship smartphone, the Samsung Galaxy S10.
The Knox security system, which was present at the time, served as the model for the system Samsung recently unveiled. The business has also been active in the non-fungible token (NFT) space, working with six different businesses to create its own Galaxy-branded NFT ecosystem in August.
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