In order to enhance the security of all devices connected to Samsung’s network, the Knox Matrix uses blockchain technology to enhance the security of the system.
Samsung , a tech giant, announced that it will use blockchain technology to improve security protocols for all its smart devices.
Knox Matrix, its blockchain-based security solution, is designed to provide “cross-device experiences.” It covers all Samsung devices within the network, including smartphones and home appliances.
Samsung claims that Knox Matrix is an individual’s private blockchain system. It will include all interconnected devices with multi-layered monitoring and equipped with the blockchain multilayered monitoring. This applies to electronics, such as smartphones and smart TVs.
This security upgrade will protect users against exploits of their credentials and make logins easier.
The announcement states that all Samsung devices will use Knox Matrix and get a unified SDK regardless of whether they are built on Android, Tizen, or another OS.
This announcement comes along with the company’s new partnership with Google to enhance multismart device experiences at home.
Samsung has been active in expanding its presence in the Web3 space.
Blockdata published a blog post on Aug. 16 revealing that is the most active investor in Blockchain-related ventures from September 2021. The post states that Samsung participated in 13 rounds of funding within the industry over a nine-month period.
It recently supported an upcoming Web3 gaming studio. Additionally, Samsung’s Asset Management division launched a blockchain-exchange-traded fund in Hong Kong.
Samsung Next’s managing director also spoke out about the importance to build and investg in Web3 at this time.
