Samsung, the South Korean technology giant, is increasing its focus on blockchain technology to enhance security for its AI home appliances. In a recent blog post, Samsung announced its plans to expand the use of blockchain by extending the existing Knox Matrix framework to a wider range of home appliances. This framework uses a private blockchain to create a “Trust Chain,” enabling interconnected devices to monitor each other for security threats and alert users if any issues arise.
In addition to this, Samsung is also working on its “Cross Platform” technology, which aims to enhance security across devices regardless of the operating system they use. The company is also developing “Credential Sync,” a feature that encrypts and synchronizes user data to boost privacy.
These new features will be rolled out to key products next year, although Samsung has not provided a specific timeline. The company also plans to integrate biometric authentication, allowing users to log in to apps and services using their fingerprints instead of passwords.
This is not Samsung’s first venture into the blockchain space. The multinational company has previously explored blockchain solutions for various sectors, including its Galaxy smartphones, which have a built-in blockchain wallet called the “Samsung Blockchain Wallet,” and the Samsung Blockchain Keystore, designed to protect private keys and facilitate the use of decentralized apps.
In collaboration with the Bank of Korea, Samsung is also conducting research on central bank digital currencies (CBDCs). With its continued focus on blockchain technology, Samsung is positioning itself as a leader in the industry and is expected to make further advancements in the future.