Blockchain is behind everything from cryptocurrency markets to NFTs for its unique ability to provide better security, streamline workflows, and boost efficiency, which has made it a focus of interest for both consumers and businesses looking to stay ahead of the game.
Samsung is one of these businesses. In fact, since the spike in the use of blockchain and cryptocurrency, the global electronics giant has launched several blockchain-powered products, the latest being the Samsung Blockchain Keystore, which is aimed at addressing the security challenges of mobile devices.
What is Samsung Blockchain Keystore, and How Does it Work?
In short, the Samsung Blockchain Keystore serves as a convenient gateway to blockchain from your mobile device.
To use the Keystore, users simply create a new crypto wallet using the technology, or they can import a crypto wallet.
Then once the setup is complete, the wallet is ready to use. From there on, you’ll be able to access decentralized apps and manage crypto transactions, and more, all from your smartphone.
What are the Keystore’s Features?
The overall function of the Samsung Keystone Blockchain Keystore is to provide top-level safety and security on its mobile platforms, which it does so via plenty of advanced features, including:
It Provides Support for Creating Private Keys and Other User Authentication Safeguards
The Keystore’s built-in features enable users to create, store, and manage private keys. They can also import different private keys that have been created via third-party apps.
If they’d like, they can also include fingerprint authentication, face recognition, or other additional security features for increased protection.
Trusted Execution Environment (TEE) and Trusted User Interface
The Trusted Execution Environment functions as a separate zone for storing users’ authentication data safely away from the main operating system and all of its processes for maximum data protection from hackers and more.
At the same time, the technology provides what is known as a trusted user interface, which also guarantees top security for sensitive user information malware, and more.
Check Sensitive Information About Transactions Before Signing it
Users can also check sensitive information about transactions, including transactions made via third-party blockchain apps that have been integrated with the Keystore.
The Samsung Blockchain Keystore also even allows you to verify the transaction to verify the information before signing it.
Should a problem arise with a transaction, you can also communicate directly with the Samsung Blockchain Keystore team via special channels to help resolve it.
How the Samsung Blockchain Keystore Differs From Other Stores of Its Kind
Samsung’s Blockchain Keystore differs from other DApps and blockchain stores in that it is designed to inspire a greater appreciation of blockchain and decentralized apps for wider blockchain acceptance.
In fact, since the electronics giant integrated blockchain functionality into its Galaxy line of mobile devices, it has led to broader use of the technology by customers, resulting in a more sophisticated and positive experience for them.