Consumer electronics company Samsung (LON:0593xq) launched a security system, dubbed The Knox Matrix system, for its smart gadgets.
The system seeks to strengthen the security of a multi-device environment with each smart device monitoring others and sharing access information to make login processes easier.
The Korean consumer electronics and software manufacturer has disclosed plans to use a "private blockchain" system to boost the security of its smart gadgets.
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The solution is a revision of Samsung's current security strategy at the recent Samsung Developer Conference.
Although the company provided little information and did not elaborate on the system's inner workings, it did explain that it would connect several smart devices that were accessible on a network in order to improve security through "multi-layered mutual monitoring."
For instance, Samsung states that utilizing a phone in conjunction with a smart appliance, such as a TV or an air conditioner, will protect such items from being hacked by any attack.
Networking & Hardware Since the login status is automatically transmitted to devices that need it to join the network, Samsung claims that its Knox Matrix solution will help expedite login chores around the house.
It will shield private data from other networked devices at the same time.
The announcement also states that Samsung Knox Matrix will be able to deliver a single security SDK [software development kit] regardless of whether the Samsung devices are based on Android, Tizen, or other operating systems.
Samsung, which did not disclose the system's debut date or its characteristics, has been active when it comes to integrating hardware security designed specifically for ecosystems based on cryptocurrencies and blockchains.
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The Samsung Galaxy S10, the company's flagship smartphone, came with a wallet that incorporated hardware-based security of private keys in 2019.
The Knox security system served as a model for the system Samsung recently unveiled.
Samsung has also been active in the non-fungible token (NFT) space, working with six different companies to create its own Galaxy-branded NFT ecosystem in August.
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