YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
No Result
View All Result

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

October 13, 2022
in Bitcoin
Reading Time: 4 mins read
A A
Samsung to Debut Knox Matrix Blockchain-Based Security System for Smart Devices – Blockchain Bitcoin News
ShareShareShareShareShare

You might also like

Bitcoin For The Wealthy, 80% Of Millionaires Want It, Survey Shows

Bitcoin For The Wealthy, 80% Of Millionaires Want It, Survey Shows

January 31, 2023
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs – Bitcoin News

Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs – Bitcoin News

January 31, 2023

Samsung, the consumer electronics giant, has announced the introduction of a blockchain-like security system for its smart devices. Named Knox Matrix, the objective of the system is to increase the security of a multi-device environment, with each smart device monitoring others and sharing access data to simplify login tasks.

Samsung Blockchain-Powered Security System

Blockchain technology is being harnessed for more and more uses each passing day, including security and trust-based applications. 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.”

For example, Samsung claims that using a phone connected to another smart device like a TV or a smart AC will make these devices safer from being compromised by any threat.

Connectivity and Hardware

According to Samsung, its Knox Matrix solution will also streamline login tasks all around the home, because the login state is distributed automatically to devices that need it to join the network. However, at the same time, it will ostensibly protect sensitive information from other devices in the network.

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 been active when it comes to including hardware security specially created for blockchain and cryptocurrency-based environments. As early as 2019, the company included a wallet in its flagship smartphone, the Samsung Galaxy S10, that featured hardware-based protection of private keys.

The security system included at that time, called Knox, is the precursor to the system Samsung recently presented. The company has also been very present in the non-fungible token (NFT) area, collaborating with six different companies in August to establish its own Galaxy-branded NFT ecosystem.

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

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Image Credits: Shutterstock, Pixabay, Wiki Commons, JHVEPhoto / Shutterstock.com

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It


Credit: Source link

Related Stories

Bitcoin For The Wealthy, 80% Of Millionaires Want It, Survey Shows
Bitcoin

Bitcoin For The Wealthy, 80% Of Millionaires Want It, Survey Shows

January 31, 2023
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs – Bitcoin News
Bitcoin

Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs – Bitcoin News

January 31, 2023
Bitcoin

Bitcoin Kills Rent Seeking – Bitcoin Magazine

January 31, 2023
8 Of 10 High Net Worth Individuals Seek Guidance On Bitcoin
Bitcoin

8 Of 10 High Net Worth Individuals Seek Guidance On Bitcoin

January 31, 2023
Next Post
Bitcoin Rebound Is About To Happen, This On-Chain Data Show

Bitcoin Rebound Is About To Happen, This On-Chain Data Show

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

DeFi platform Injective reveals $150 million ecosystem initiative

DeFi platform Injective reveals $150 million ecosystem initiative

January 25, 2023
NFT Blue Chip Yuga Labs Dives Into Web3 Gaming, But Speculative Frenzy Could Leave Some Investors Hurting

NFT Blue Chip Yuga Labs Dives Into Web3 Gaming, But Speculative Frenzy Could Leave Some Investors Hurting

January 28, 2023

Popular Story

    • Contact Us
    • Privacy Policy
    • Terms of Use
    • DMCA

    © 2021 - YourCryptoNews.net - All rights reserved!

    No Result
    View All Result
    • Live Prices
    • Crypto News
      • Altcoins
      • Bitcoin
    • Defi News
    • NFT News
    • Blockchain
    • Regulations
    • Trading
    • Scams

    © 2021 - YourCryptoNews.net - All rights reserved!

    • bitcoinBitcoin (BTC) $ 22,995.00 1.24%
    • ethereumEthereum (ETH) $ 1,580.25 1.1%
    • tetherTether (USDT) $ 0.993242 0.64%
    • usd-coinUSD Coin (USDC) $ 0.992690 0.77%
    • bnbBNB (BNB) $ 310.26 1.47%
    • xrpXRP (XRP) $ 0.406382 3.14%
    • binance-usdBinance USD (BUSD) $ 0.997207 0.27%
    • cardanoCardano (ADA) $ 0.387195 4.21%
    • dogecoinDogecoin (DOGE) $ 0.095436 9.46%
    • matic-networkPolygon (MATIC) $ 1.10 2.2%
    • okbOKB (OKB) $ 37.29 1.17%
    • solanaSolana (SOL) $ 23.85 0.41%
    • staked-etherLido Staked Ether (STETH) $ 1,574.45 0.95%
    • polkadotPolkadot (DOT) $ 6.23 0.82%
    • shiba-inuShiba Inu (SHIB) $ 0.000012 2.39%
    • litecoinLitecoin (LTC) $ 93.16 3.04%
    • avalanche-2Avalanche (AVAX) $ 19.77 0.99%
    • tronTRON (TRX) $ 0.061850 0.51%
    • daiDai (DAI) $ 0.995251 0.49%
    • uniswapUniswap (UNI) $ 6.54 1.51%
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 22,920.00 1.08%
    • cosmosCosmos Hub (ATOM) $ 13.28 1.84%
    • chainlinkChainlink (LINK) $ 6.91 0.42%
    • the-open-networkToncoin (TON) $ 2.27 0.54%
    • leo-tokenLEO Token (LEO) $ 3.52 1.75%
    • moneroMonero (XMR) $ 175.76 0.1%
    • ethereum-classicEthereum Classic (ETC) $ 21.53 1.47%
    • aptosAptos (APT) $ 16.82 1.76%
    • bitcoin-cashBitcoin Cash (BCH) $ 131.76 1.66%
    • stellarStellar (XLM) $ 0.090281 0.62%
    • apecoinApeCoin (APE) $ 5.81 0.74%
    • quant-networkQuant (QNT) $ 141.04 0.74%
    • crypto-com-chainCronos (CRO) $ 0.078872 1.92%
    • nearNEAR Protocol (NEAR) $ 2.31 1.35%
    • filecoinFilecoin (FIL) $ 5.20 2.64%
    • lido-daoLido DAO (LDO) $ 2.18 6.53%
    • algorandAlgorand (ALGO) $ 0.240567 0.7%
    • vechainVeChain (VET) $ 0.023024 0.48%
    • internet-computerInternet Computer (ICP) $ 5.86 2.39%
    • hedera-hashgraphHedera (HBAR) $ 0.064289 1.24%
    • fantomFantom (FTM) $ 0.534580 13.88%
    • decentralandDecentraland (MANA) $ 0.735602 0.28%
    • axie-infinityAxie Infinity (AXS) $ 10.76 0.51%
    • aaveAave (AAVE) $ 82.29 1.93%
    • eosEOS (EOS) $ 1.06 1.18%
    • the-sandboxThe Sandbox (SAND) $ 0.724281 0.85%
    • flowFlow (FLOW) $ 1.05 7.82%
    • elrond-erd-2MultiversX (EGLD) $ 42.76 2.19%
    • fraxFrax (FRAX) $ 0.993854 0.69%
    • terra-lunaTerra Luna Classic (LUNC) $ 0.000170 3.62%