Samsung Announces Knox Matrix To Help Improve Security Measures Via Blockchain Technology

Samsung has been implementing new technologies into their systems and services for the longest time, with the company announcing the creation of their own metaverse earlier on in the year. Most recently, the company unveiled Knox Matrix, a new security system that connects all user devices in a private blockchain.

The primary goal is to improve the security of a multi-device environment. Basically, if a solitary device has been compromised, the others instantly disconnect it from the network, thereby significantly enhancing security for both the users and the entire network itself.

Important details

The Knox Matrix shall reportedly function as a private blockchain system for the users, enhancing safety measures via multi-layered mutual monitoring of all connected devices. In this way, the new feature would then share credentials between the linked devices and safeguard sensitive information between them. Once again, the overall objective is to prevent any and all unauthorized access in addition to making the login process simpler and more convenient.

The utilization of the private blockchain concept to incorporate multi-layered mutual surveillance is anticipated to provide a local, dispersed method of maintaining safety. The Knox Matrix was introduced at the Samsung Developer Conference and while the new systems inner workings have yet to be revealed, there is no denying that Samsung has been among South Koreas most active corporations within the blockchain sector.

Samsung continues to gain ground

Between September 2021 and mid 2022, Samsung made investments in 13 different companies including but not limited to Animoca Brands, Sky Mavis, and Yuga Labs. What may be more impressive is that, according to Blockdata, Samsung was among 40 companies which invested approximately $6 billion in blockchain startups during this time period.

Furthermore, the majority of the tech titans investment efforts are likely to have been carried out through Samsung Next, which is an innovation group that works within Samsung Electronics and is entirely focused on AI, blockchain, the metaverse, and other related emerging technologies. Lastly, it was reported that Samsung Securities, the companys investment division, plans to launch its very own crypto platform in early 2023. Given the companys track record, it does not look like the tech behemoth is going to stop investing in these new startups and technologies anytime soon.