Samsung uses blockchain-based security for devices in its network
Samsung’s Knox Matrix uses blockchain technology backing to increase security for all personal smart devices of a user connected to the network. Tech giant Samsung announced it will utilize blockchain technology to upgrade 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, from smartphones to home appliances, within the network.Samsung says Knox Matrix will work as an individual's “own private blockchain system,” with all of one’s interconnected....
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Samsung, the consumer electronics giant, has announced the introduction of a blockchain-like security system for its smart devices. Named Knox Matrix, the objective of the system is to increase the security of a multi-device environment, with each smart device monitoring others and sharing access data to simplify login tasks. Samsung Blockchain-Powered Security System Blockchain technology is being harnessed for more and more uses each passing day, including security and trust-based applications. This time Samsung, the Korean consumer electronics and software company, has announced the....
Mobile devices are potentially huge security vulnerabilities in enterprise and government environments. Compromised devices can result in all sorts of sensitive information being leaked. BlackBerry used to dominate the enterprise and government sectors due to their focus on security. However, in recent years, the Canadian phone company has fallen behind to competitors like Apple and Samsung, who have made significant advancements in mobile security. The U. S. government has increasingly shifted towards dropping Blackberry in favour of Apple and Samsung devices, which were approved for....
Samsung is planning to expand its mobile payment service, Samsung Pay, into the US online shopping market. Additionally, Samsung will allow more smartphones to support the payment wallet, offering it to cheaper Samsung devices “within the next year,” according to Samsung Pay global co-general manager Thomas Ko. Samsung Pay has grown much faster than rival Apple Pay and Android Pay since the service was implemented on payment technology that is already available in most stores. Thus, by expanding into the online market, Samsung will have yet another advantage over these two competitors, as....
Filament has raised $5m in Series A funding led by Bullpen Capital and including contributions from Verizon Ventures and Samsung Ventures. The decision by Samsung Ventures, the capital arm of consumer electronics giant Samsung, marks its first public investment in a blockchain industry firm and notably follows its participation in IBM's blockchain proof of concept ADEPT. Announced in January, ADEPT used the bitcoin and Ethereum networks to enable devices to communicate as part of a wider transition toward connected consumer devices known as the Internet of Things (IoT). Co-founder and CEO....
A Samsung Artik cloud network and Blockchain-based IoT service provider riddle&code announced the official release of tagtok, short for Tag and Token, which transforms physical objects into Blockchain nodes. Riddle&code is based on an open source cryptography platform, which is leveraged by its millimeter-long microchips manufactured by prominent semiconductor firms including NXP and Nordic. In essence, riddle&code’s tagtok system was developed to prevent fraud resulting from conflicts with ownership, contract fulfilment and provenance. Users that hold a token to the....