Why blockchain is an answer to IoT challenges
Internet of Things is facing a lot of issues like more legal underpinnings, data protection, product liability, data sovereignty apart from technological risks. As more amount of data is involved in IoT, it gets confused about applying laws in case of dispute. For instance What happens when a driver-less car gets an accident, who is liable? The maker, the owner, or the traveler riding the car? This is not easy to sort out with IOT project alone which takes lengthy legal proceedings.
As IoT is an emerging field today, still security issues are its pain points. When comes to blockchain, it paves more security with its cutting edge technologies. So integrating this Blockchain in IoT will unambiguously creates an excellent framework that never be hacked though one tried for millions of years. Blockchain with IoT render answers for the challenges like a single point of failure, Scalability, privacy, time stamping, trust, etc. Benefits acquired from blockchain while integrating with IoT is given below
How our Hyperledger Fabric platform works for Smart Home
We provide this smart home app mainly to real estate distributors from whom the owners get benefited by leveraging their smart homes. Our hyperledger fabric platform emanates an effective dashboard visualizing damage Id, total damage and status of your smart home right away without difficulty
Step by step working procedure of our Blockchain enabled IoT Smart home
Features of Blockchain- IoT
Our skilled designers have the capability of designing an Impressive dashboard with features such as completed repairs, total damage, parts, amount and status like leak resolved, pending insurer action which helps owners to track their transaction status. We provide access for the parties involved under this service automation for taking actions promptly while trigger action is called
Chain codes are the smart contracts in the Hyperledger Fabric Platform. Chain codes are necessary to develop business contacts, asset definitions, and decentralized applications on Hyperledger Fabric. With Hyperledger Fabric you can build and operate your blockchain networks, and it's features are specifically designed for business applications
Our software provides fully automate business processes and it manages any technology that is embedded in the process as blockchain technology and smart contracts does not need the middleman to verify transactions, enforce contracts and perform background checks
Once the device installation/ transactions process is updated, nobody can change that records as they’re linked to all transaction record that came ahead(termed as chain). A database record is permanent, chronologically ordered here by deploying several computational algorithms and approaches
All the associates involved will get notified with SMS if there are any issues in their transaction, transactions can be considered as device installation as well
Third-party involvement is not required and the Ledgers can‘t be altered without the network approval
Smart contract is designed with customized Ethereum platform having advanced features which can be adaptable to any industry
No third party will be involved as it is a decentralized platform. It enhances security with its peer to peer transmission strategy
Every single information is transparent to the involved parties who are having access control under hyperledger fabric blockchain network
Blockchain Solutions to overcome smart home difficulties
Preventing physical trust
Decentralized security options
Smart contract usage
Solving security related issues
No need for manipulating data
Sensitive information such as bio-metrics, voice recognition, and facial recognition are stored on the blockchain
Could not modify the data once it gets uploaded and it can access only by the right person
Enhance the performance of smart home promptly
Challenges Faced by IoT enabled Smart Homes
Higher probability of fraudulence( other party access, data record loss, data storage issue)
No Transparency ( Centralized IoT)
Devastating result once attackers hold your device ( bigger damage)
Third parties can access not only your personal Information but also sneaks it
Lack of privacy and trust in data sovereignty
Data Records can be lost
More traffic because of the huge amount of internet users while accessing your smart devices
Technological issues like single point of failure, workload, maintenance may occur
Business challenges like Data sensitivity and strategic risk and social challenges like data privacy may happen
Benefits of our blockchain solutions
Smart Home
Blockchain removes centralized infrastructure and it upgrades the smart home to the higher level to resolve security issues. Generally, lots of smart devices are connected in IoT and it faces difficulty to store the data that are growing day by day in the cloud. Also, data could not be protected from the intruder due to multiple internet users. Integrating Blockchain with IoT elevates smarthome with its peculiar characteristics like augmenting transparency, security and smooth access of smart devices. Now, real estate business leads mostly prefer buying Smart home to help the owner to prevent their smart homes from the big damage in the emergency time like water leakage, door, and fire. So We build excellent use case to protect it from security-related issues. Our use case tested for the water sensors and will plan to add doorbell and temperature
Water Sensor
As our lives extensively depend on smart devices, usage of IoT is growing tremendously. However IoT has some security issues, emerging Blockchain technology is integrated to enhance the security and transparency. What happens If your home plumbing outflow a leak? In this case, you have to look for top brands. Our intense technical team made a use case tested for water sensors where the owners and insurers will get instant alerts from the water leak sensors that are linked with app to solve the damage
Doorbell
Secure your Home with a doorbell sensor which senses the persons entering into the home, it rang when someone entered into your home. Our doorbell sensor ID has been configured with respective home ID in the app. If any issues occurred in that sensor, it will called to hyperledger fabric back-end. Then the actions will be taken by the parties involved to solve the issues
Fire
Our team create use case for preventing or detecting the fire in your home with the fire sensor. It will automatically notify the parties to take immediate action
Temperature Sensor
For instance, if milk company want to maintain 15-degree Celsius they can fit a temperature sensor to track the temperature level consistently to get rid of the difficulties
Platform we are expertise
Hyperledger Fabric is an open platform supports one or more networks managing various Assets, Agreements and Transactions between different sets of Member nodes
Ethereum, a decentralized platform that runs smart contracts on a custom built blockchain
It is blockchain-based decentralized platform aimed to build a free, global digital content entertainment system with distributed storage technology, and it permits easy and cost-effective digital content sharing
Why Osiz?
