Samsung
Samsung recently announced at its developer conference (SDC) its new security solution, Knox Matrix, which uses blockchain technology to secure an ecosystem of devices. Samsung Knox is Samsung’s security platform that has made significant progress within mobile devices.
Our smartphones are not the only device prone to vulnerabilities in today’s digital world. Most people are involved in one or more digital ecosystems that could span a multitude of devices. As the number of smart home and IoT devices continues to increase, It has become equally difficult to ensure that every device connected to the network is secure.
Samsung Matrix looks to enhance the security of connected devices using blockchain technology. Let’s take a look at Samsung Matrix and what it means for the connected digital ecosystem.
IoT, meet blockchain
The Internet of things (IoT) is a broad term for any device or thing that is connected to a network of other devices or things. The most relevant example is a home deemed smart with a connected doorbell, speaker, television, stove, refrigerator, etc.
As IoT devices have risen in popularity and the number of IoT devices continues to increase, the vulnerabilities within the ecosystem rise along with it. It also doesn’t take much to compromise the security of an ecosystem. All it takes is for one device for an ecosystem of connected devices to be at risk, and you are only as good as your weakest link. These security vulnerabilities could be several problems, like outdated firmware, within an IoT device that leaves it vulnerable to bad actors.
I believe security could be one of the biggest setbacks for IoT in the future if it is not made a priority early on. Samsung’s solution for securing connected ecosystem devices is to use blockchain technology.
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