Merging Blockchain with Smart Locks

Technology

Smart Locks read data from a Blockchain address instead of an inbound connection. It means a Smart Lock can benefit from the same security as Blockchain itself, protecting both the network and whatever a lock is securing.

The crucial advantage of a Blockchain-enabled Smart Lock is that there is no direct communication between a user and a Smart Lock. The user communicates with the Blockchain only, and the Smart Lock subsequently reads the user instructions. This advantage provides an enormous security boost because a READ-only IoT device is much safer than a READ/WRITE one.

The Device

Smart lock device software combines 4 main components:

Smart opening and closing based on the smart contract

Payment option in different methods

Database and invoicing of all payments and bills

Notification and chat panel through an app

Features

  • The essential part of the software used are smart contracts. They control every device and payment which it could accept
  • Two ways of paying – in Crypto and Real money via payment providers
  • Monitor whether all the utilities like electricity, water, gas, entrance bill, .etc are paid, and collect all debts in one invoice
  • Remind the tenants about the incoming payment date and the future limited access as an official reminder
  • If the payment is not transferred, the device will not allow opening the door
  • Control the door remotely and open it to everyone we want to

Benefits

Landlords

  • Eliminate the risk of unpaid rent on time
  • Eliminate the risk of unpaid communal bills
  • Access control of the property
  • Automated invoice process and software integration
  • Full digitized rent contract

Tenants

  • Eliminate the risk of unpaid rent on time
  • Eliminate the risk of unpaid communal bills
  • Access control of the property
  • Automated invoice process and software integration
  • Full digitized rent contract

Rent platforms and property management companies

  • Easy way to manage a large number of properties for rent
  • Smart rent contracts and limited access

Government

  • Make all rent contracts real
  • Eliminate cash payments

B-Invest Property Management

Our objective is to provide services in the smart home area innovatively making the devices through smart contracts and Blockchain. Our focus starts with a Smart Lock device. The company’s idea is to work cooperatively with the best and most popular products on the market.

 

Our goal is to become a leading smart home device solution company in Europe.

Contacts

If you are also passionate about making the world a better and more secure place, send us an email or just give us a call!

 

Sofia, Bulgaria

3 Professor Hristo Vakarelski str.
+359 898 480 484
hello@b-invest.bg