Samsung will implement a blockchain system in its devices to protect customer data
In Knox Matrix, the security of connected devices is enhanced by multi-layered mutual monitoring
13.10.2022 - 14:10
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What’s new? South Korean electronics manufacturer Samsung has developed a blockchain system called Knox Matrix to improve the security of its smart devices. The solution was presented at the Samsung Developer Conference (SDC). Knox Matrix will provide a high level of security and is certified for use by many leading government agencies around the world. The company’s press release reports.
What else is known about the blockchain system? Knox Matrix functions as a user’s own private blockchain system, in which the security of connected devices is enhanced by multiple-layered mutual monitoring. For example, to protect the smart home from unauthorized access and make the login process more convenient, the platform will transfer credentials from device to device. In addition, Knox Matrix is designed to protect sensitive information even between trusted devices.
The blockchain system is available for any operating system. Knox Matrix will be able to provide a unified software development kit (SDK) for security purposes.
The company warned that Knox Matrix cannot guarantee complete protection against all vulnerabilities in the ecosystem of a user’s connected devices.
According to research firm Blockdata, Samsung became the most active corporation in terms of the number of investments in crypto projects between September 2021 and mid-June 2022. The firm invested in 13 companies.
In April, Samsung and investment firms Coentry Investment and NH Investment invested $25 million in the South Korean developer of the TwinWorld metaverse. In August, seven major South Korean brokerage firms began preparations to create their own crypto exchanges, which will be launched in the second half of 2023. The firms, including Samsung Securities, submitted applications for preliminary approval of virtual asset exchange platforms.
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