Blockchain Based Smart Home Management System
A Multifaceted, Resilient and Secure Smart Home Management System
Created on 28th June 2020
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Blockchain Based Smart Home Management System
A Multifaceted, Resilient and Secure Smart Home Management System
The problem Blockchain Based Smart Home Management System solves
The rapid evolution of Internet has lead to the birth of smart devices, smart homes and smart cities all over the globe. Smart homes have security, privacy and sustainability concerns. Blockchain provides a feasible solution to all these problems as it is a decentralized, trustless network of peers relying solely on the strength of cryptographic algorithms. This POC level project aims to use Blockchain to develop a Multifaceted, Resilient and Secure Smart Home Management System.
Some use cases considered in this implementation are:
- Interaction of Smart Devices with each other over the blockchain network
- Efficient Metering and Billing with reduceded risk of malpractice
- Incentivizing sustainable practices such as low power consumption using cryptotokens
- Middle-man less Rent payment on the blockchain
- Emergency notification over the blockchain
There is also scope for identity management on the blockchain, further minimizing the risk of malpractice. It can also be used to power microgrids, by enabling the home servers to trade their excess renewable energy to the grid.