on the crypto
This Thursday, South Korean giant Samsung announced the implementation of a "private blockchain" system for its smart devices. The measure should allow devices to be more efficient, but also less vulnerable to attack.
Knox Matrix: making security a collective affair
Behind this name lies a concentration of technologies. Knox Matrix was launched primarily to meet Samsung's connected device security requirements. Specifically, each connected device monitors the activity of the others and shares access data. This “multi-layered mutual monitoring” process helps limit intrusions and malicious attacks. By networking devices through Knox Matrix, Samsung is able to strengthen the security of the entire ecosystem and every single device.
This security strategy was presented by the company at the Samsung Developer Conference. As for the internal workings of the system, Samsung has remained rather evasive. This is quite normal when it comes to these kinds of topics. In any case, the system also makes it impossible for each device to access sensitive information. Although the network is often a security threat, Samsung seems to have managed to keep only the best part of it.
Simplify the process of connecting devices!
While the focus is obviously on security, Knox Matrix will make connecting devices easier. In fact, according to Samsung, Knox Matrix will allow you to transfer the connection status to home devices when they need to join the network. For the implementation of this new system, Samsung has not yet announced a launch date. But the brand already claims that all connected devices will be compatible with Knox Matrix:
Whether your Samsung devices are based on Android, Tizen or another operating system, Samsung Knox Matrix will be able to provide a unified security SDK [software development kit].
Samsung is no stranger to security measures applied to blockchain technology. In 2019, the company managed to include a secure wallet in its Samsung Galaxy S10 smartphone. Security technology was already called Knox at the time. It is on the basis of this product that the Korean giant is launching Knox Matrix.
Samsung: a company active in blockchain technologies!
Samsung has never hidden its interest in the blockchain. In recent months, the multinational has even been among the companies that have invested more in these technologies. Between June 2021 and September 2022, Samsung would have invested nearly a billion dollars in start-ups of the crypto universe. In total, the Korean group would have invested in 13 different companies during the period. Among these investments is Animoca Brands, which has The Sandbox as a subsidiary. In 2021, Samsung also invested in FlowCarbon and Yuga Labs, a leader in the NFT segment.
Among the rankings presented by BlockData, only Alphabet (Google), Morgan Stanley and BlackRock have done better, surpassing the billion dollars of invested funds.
