Tech giant Samsung announced that it will use blockchain technology to update security protocols for all of its smart devices.
Knox Matrix is its new blockchain-based security solution for “cross-device experiences”. This means the security layer covers all Samsung devices within the network, from smartphones to home appliances.
According to Samsung, Knox Matrix will function as one person’s “own private blockchain system” with all interconnected devices equipped with the multi-layered blockchain monitoring. This includes electronic devices such as smartphones, but also smart TVs and air conditioners.
The new security upgrade aims to protect users from exploits of their credentials while simplifying login.
According to the announcement, all Samsung devices will use Knox Matrix and receive a unified SDK, regardless of whether they are based on Android, Tizen or any other operating system.
This comes alongside the company’s announcement of its new collaboration with Google to enhance the multi-smart device experience at home.
Samsung Electronics Announces Expanded Partnership with Google to Enhance Smart Home Experienceshttps://t.co/D50NmDtp0v
— Samsung Electronics (@Samsung) October 12, 2022
Samsung has been actively expanding its presence in the Web3 space.
A blog post by Blockdata on Aug. 16 revealed that the company is the most active investor in blockchain-related ventures as of September 2021. According to the post, Samsung participated in 13 rounds of funding within the industry after a period of nine months.
Related: Security and interoperability, the challenges ahead of mass adoption of Web3
The company recently backed a burgeoning Web3 gaming studio, along with Samsung’s asset management division, which launched a blockchain exchange-traded fund in Hong Kong.
The CEO of Samsung Next also spoke about the importance of building and investing in the Web3 space at this time.
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