In today’s continuously evolving digital environment, the Internet of Things (IoT) and blockchain technology continue to transform smart homes. IoT is already impacting our lives in terms of how we control and live in our homes through internet-connected thermostats, lights, and even home appliances that can interact and respond. I am.
Blockchain technology was originally conceived to help run cryptocurrencies and has stronger security, transparency, and decentralized properties than IoT. When these two innovative technologies are integrated, the homes of the future will be more intelligent, safer, autonomous, and consumer-oriented.
Therefore, it is important to increase the potential of projects that can be built to adopt IoT and blockchain in smart homes and discover new ideas and benefits of these applications. Let’s explore them:
IoT in smart home
IoT in smart home iStock
The Internet of Things (IoT) can be described as a system of interconnected objects that can communicate with each other and other systems to obtain and transmit data and perform specific functions. In a smart home, devices such as clocks, sensors, cameras, and smart appliances communicate over the Internet to manage and enhance your home environment. When it comes to lighting, security, temperature, and entertainment units, IoT allows them to be operated remotely, often via phone or voice prompts.
Blockchain in smart home
A blockchain is an electronic database that allows records to be distributed among linked computers in a way that is difficult to change. Blockchain could be used in smart homes to protect IoT systems from hackers and ownership, and to provide decentralized energy management and transparent transactions. Apart from the above-mentioned benefits associated with home automation, it is important to note that smart homes are given an additional layer of security, control, and responsibility thanks to blockchain technology.
Possible IoT and blockchain smart home applications
Possible IoT and Blockchain Smart Home Applications iStock
decentralized home security system
There is only one big problem associated with smart homes. It’s security. This includes situations where IoT devices are easily hacked, which often occurs with IoT devices that are centrally managed through a specific server.
A decentralized home security system that utilizes IoT and blockchain technology can prevent the following risks.
In this system:
IoT sensors: Door and window sensors, motion detectors, and even security cameras collect real-time data. Blockchain Network: It is noted that data is stored on multiple nodes in blockchain format, making it virtually impossible to compromise the system. Decentralized access control: When a smart home is managed by one service provider, the homeowner decides who has the access code to the security system. This power is provided through smart contracts and software applications that execute coded commands when certain conditions are triggered (for example, unlocking a door depending on the owner’s biometric data) .
This project increases security and privacy as personal data does not need to pass through third-party services.
Basically a smart energy management system
Energy consumption management is a key aspect of smart homes, and sustainability efforts drive innovation. IoT sensors can track the energy consumption of devices, light bulbs, and heating systems, while blockchain brings a decentralized P2P energy trading system to the home.
Potential projects include:
IoT Energy Monitors: These are installed on high-load appliances, including HVAC systems, refrigerators, water heaters, and other appliances, to monitor energy consumption in real-time. Blockchain-based energy trading: Household owners can sell surplus electricity generated from rooftop solar panels. Decentralized grid: Rather than having an energy provider in the middle, blockchain allows users to independently handle energy and its distribution to the regions that need it. fair price.
This project has the potential to significantly minimize costs associated with energy production from non-renewable sources and promote the use of green energy in residential areas.
Schneider Wiser Energy Management System Schneider
Smart home automation using blockchain
Home automation is the use of Internet of Things technology to control various aspects of your home, such as lighting and entertainment. Incorporating blockchain makes these automations more secure and transparent.
Projects in this domain may include:
Smart contracts: These can be used to automate household routines such as waking up, making coffee, and preparing meals. For example, you can create a smart contract that causes all lights to turn off and doors to lock if there is no movement. Blockchain Registry: Every IoT gadget in your home can be addressed on the blockchain, maintaining a clear record of usage, ownership, and the type of permissions granted. Token-based system: Homeowners have decided to implement a token system that allows households to use tokens only to access certain features. For example, you can issue one-time tokens to guests or cleaning staff to open doors or switch lights in specific rooms.
IoT works with blockchain to balance efficiency and security. This allows for uncontrolled automation, but not hacking and exploitation.
Use your iPhone to unlock your Level Lock+ smart lock. level
Smart lock system as a built-in structure
Another important potential project is the decentralization of smart locks. Older smart locks require cloud computing and can be compromised by hackers. Blockchain systems eliminate the use of third-party servers and improve the security of smart home entry systems.
The main characteristics of such projects are:
IoT smart locks: Integrate IoT-enabled locks into your doors, windows, and even cabinets. Blockchain-based authentication: An individual’s permissions are recorded on a distributed blockchain ledger rather than on cloud servers, making it much more difficult for hackers. Smart Contracts: These contracts allow entry to specific people (homeowners, friends, employees) at specific times, giving you complete control over who can enter your home.
The system is highly secure due to decentralization, and smart contract provisions enable fine-grained access control.
Superior decentralized real estate management system
First, smart home and smart apartment owners can face many challenges when managing their properties, especially when dealing with multiple tenants.
Blockchain can streamline processes through decentralized asset management systems such as:
Smart Contracts: Smart contracts help manage lease agreements, i.e. rent payments. After signing the contract, payments and renewals will be processed automatically without any impact. Decentralized access: Tenants can also program the blockchain to perform smart home amenities such as unlocking doors, adjusting the temperature, and activating appliances, all without the need for them. Immutable records: Everything that happens with your tenant, including maintenance issues, payments, and security deposits, can be stored on the blockchain and kept immutable and secure.
This type of project is particularly beneficial for property management, as large numbers of tenants and rental agreements need to be managed simultaneously.
Douglas Elliman is one of New York City’s largest property management companies.
Internet of Things and Blockchain for Home Insurance
Smart home devices can collect a lot of information about how a particular home is being used. This information is more useful to insurance companies because it gives them an accurate picture of the current risks associated with the property.
Blockchain-enabled IoT insurance projects may include:
IoT risk monitoring: Such devices may include smoke detectors, water leak sensors, and security systems that can actively monitor any material for potential hazards. Blockchain ledger: The information collected by such devices is stored on the blockchain and can create a chronology. Smart contracts: In theory, insurance contracts could be encoded based on smart contracts. Smart contracts include automatically initiating insurance claims once met (e.g. water leak or fire) and releasing payments based on evidence collected by IoT sensors.
Therefore, this project has the potential to enhance efficient, intelligent and effective insurance systems by integrating IoT and blockchain.
smart waste management system
Waste disposal is one of the most important aspects of a smart home, yet often overlooked. IoT devices help improve the efficiency of waste collection and disposal, and blockchain monitors the entire process.
Smart waste management projects include:
IoT waste sensors: Self-organizing trash cans are equipped with sensors similar to self-organizing trash cans that can sense when the trash can is full and command collection. Blockchain tracking: Can be used to understand waste disposal transactions. Incentive programs: These solutions can open the door to the use of blockchain. For example, local governments or waste disposal companies may offer tokens or incentives, such as bonuses, to households that recycle waste correctly or generate little or no waste.
Guest Writer: Harikrishna Kundariya Bio:- Harikrishna Kundariya is a marketer, developer, IoT, cloud and AWS expert and co-founder and director of eSparkBiz Technologies. With more than 15 years of experience, we can provide digital solutions based on IoT and SaaS applications to startups.
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