Samsung Enhances Smart Device Security with Blockchain
Date: 2024-10-22 Author: Oliver Abernathy Categories: BLOCKCHAIN
Samsung has announced plans to expand its use of blockchain technology to better protect smart devices in homes. In a blog post published on October 21, the company said the initiative is aimed at expanding its existing Knox Matrix security system, which was previously used on mobile devices and TVs, to cover a wider range of home appliances. The system is based on a private blockchain network that creates a so-called “Trust Chain” that allows devices to monitor each other for security threats and notify users if problems are detected.
“The blockchain-based trust chain allows connected devices to monitor each other, identify security threats, and notify users of measures to block them if a threat is detected,” Samsung said.
In addition, the company plans to improve device security with the help of the “Cross Platform” technology, which provides uniform security standards regardless of the operating system. Also, the “Credential Sync” function improves data privacy by encrypting and synchronizing user data.
Samsung plans to begin implementing these updated features in key products next year, although the exact dates have not yet been disclosed. The corporation also intends to integrate biometric authentication, which will allow users to log in to applications and services using fingerprints, eliminating the need to enter passwords.
This is far from the first step of Samsung in the field of blockchain technologies. Previously, the company has already applied blockchain solutions in various sectors, including Galaxy smartphones, which have the “Samsung Blockchain Wallet” - a wallet for storing cryptocurrencies, and the Samsung Blockchain Keystore, designed to protect private keys and work with decentralized applications.
