Samsung to introduce a blockchain-based security system for its smart devices

Samsung is going to introduce a blockchain-based security system into its smart devices. The new system was named Knox Matrix.

Its purpose is to increase security through multi-layered mutual monitoring. Each gadget will monitor the activity of other devices and share access data. Using a phone connected to another smart device will make both gadgets more resistant to any hacks, such as credential stuffing attacks.

Knox Matrix will also simplify logging into the system, as login credentials are shared between all smart devices. This includes not only smartphones, but also other smart gadgets, like a TV or smart AC. The system will support all devices regardless of which operating system they are based on.

The representatives of the company said that the new system will protect the confidential information contained on the devices even better. However, the launch date and specifications were not provided.

Samsung leads in the number of investments in crypto projects. Over the past year, the company has invested $979 million in 13 startups. The South Korean technology giant also intends to create its own crypto exchange. Samsung Securities has already applied for a licence.

The company also has projects connected with the NFT industry. In the spring, a line of TVs with an NFT platform was presented.

In July, Samsung announced the launch of a new Roblox experience called Samsung Space Tycoon. The company will use this project to introduce the younger generation to its history and products.