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

Samsung Electronics, a global consumer electronics firm, announces the launch of a security system that is blockchain-like for smart devices. The Knox Matrix system, which is also known as the “Security System”, was created to improve security in multi-device environments. Each smart device will monitor the other and share access data, allowing for easier login.

Samsung Blockchain-Powered Security Systems

Every day blockchain technology is used for security and trust-based purposes. This time Samsung, the Korean consumer electronics and software company, has announced the implementation of a “private blockchain” system as a way of increasing the security of its smart devices.

At the recent Samsung Developer Conference, the system, named 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 did explain that it will interconnect the different smart devices available on a network, to enhance security through “multi-layered mutual monitoring.”

Samsung says that a Samsung phone can be connected to other smart devices like a TV, smart AC or another Smart AC and these devices will not be compromised.

Connectivity and Hardware

Samsung’s Knox Matrix will automate login tasks in the home. It distributes the login state automatically to any devices that are able to join the network. It will also protect sensitive data from any other network devices.

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

Samsung has taken active steps to include hardware security designed specifically for crypto- and blockchain-based environments. Samsung Galaxy S10 was the first smartphone to include a hardware-based wallet that protected private keys.

Knox was the security system that Samsung included in the original Knox system. In August, the company collaborated with six companies to create its Galaxy-branded NFT ecosystem.

What do you think about the announcement of Knox Matrix, Samsung’s blockchain-based security system? Leave a comment below.

Sergio Goschenko

Sergio is a Venezuelan cryptocurrency journalist. Sergio is a cryptocurrency journalist based in Venezuela. He says he was late to the party, having entered the cryptosphere during the December 2017 price increase. He is a Venezuelan computer engineer with a background in social engineering and has been impacted by cryptocurrency’s boom on a personal level.

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