Samsung has announced the creation of a private blockchain system in order to increase security for its smart devices. Knox Matrix is the name of Samsung and it is being presented as Samsung''s revamp of its current security settings. The Knox Matrix solution will organize login tasks for all Samsung home devices while connecting them to the network. The security system also will provide protection to sensitive information that is circulating through other smart devices.
The Samsung Knox Matrix will include login credentials among all devices connected to the same network and will be protected against unauthorised access.
Samsung Knox Matrix will be able to provide a unique security SDK for your connected devices, according to an official statement.
Samsung Knox Matrix: A Revolutionary Security Solution for Samsung Cross Device Experienceshttps://t.co/qrEsAsPTMc
Samsung will keep all of its devices in line with the launch of this blockchain security system.
Samsung Knox Matrix intends to provide devices within a user''s ecosystem with less vulnerability thanks to robust, diverse security practices.
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Samsung Knox Matrix has launched a blockchain-based security program: What is it, how will it work, and more pic.twitter.com/SXBING83LE
For the time being, the company has not revealed any detailed information about the use and reliability of this security system.
With numerous initiatives related to the sector, Samsung has been testing the Web3 waters in recent times.
Samsung has increased support for Bitcoin, Ethereum, ERC tokens, Tron (TRX, and TRC tokens) to be stored in its Blockchain wallet since its Galaxy S10.
Galaxy users may even explore Decentralised Apps (dApps) that utilize blockchain technology to authenticate the exchange of digital assets.
Samsung is also moving swiftly toward the completion of its 3nm foundry processing chip, which would be able to facilitate Bitcoin mining.
Samsung is also exploring the possibility of starting a full-fledged cryptocurrency exchange in South Korea, according to August reports.