How Blockchain Powered Smart Locks Revolutionize Proptech Landscape?

How Blockchain Powered Smart Locks Revolutionize Proptech Landscape?

Smart locks for offices and businesses are often expensive. Most companies need internal locks for doors in various access levels with multiple privileges, and the safest method is implementing biometric sensors.

Fremont, CA: Many companies are making smart products of almost everything just by inserting a WiFi adapter on it and making an app. Smart locks have evolved tremendously over time, and in most cases, smart means using the phone as a key. Let us take a look at two issues that a blockchain-powered smart lock can tackle:

Lack of Smart Locks for Businesses

Smart locks for offices and businesses are often expensive. Most companies need internal locks for doors in various access levels with multiple privileges, and the safest method is implementing biometric sensors. However, it will be difficult to insert biometric sensors in different doors, which need to be synced to make them work for new employees and visitors. Additionally, it can be difficult to add new users as biometric systems usually store biometric information on-device.

Almost every phone has a fingerprint sensor or some form of biometric authentication built-in, which the developer can access via an API. Therefore, smartphones can offer a way to securely authenticate the identity of a person biometrically and have biometric security in a lock without any sensors. An application can request a door to be opened through a central server. This system can scale as user privileges can be added or removed from the server without dealing with the actual locks.

Visitor Management Challenges

Lack of proper visitor management solutions for business is another challenge. This results in issues for visitors and high expenses for businesses on security to authenticate the identity of their visitors. The answer to this problem is a blockchain that saves the identity of every person, which is confirmed by the company.

When a user is visiting a company, he can request access at the reception by confirming his identity using the biometric sensors on his phone. The receptionist will instantly validate the visitor's identity as authenticated by the blockchain, which is also biometrically secured via the application. If someone in the company has invited the visitor, the system will automatically allow him to enter and unlock the required doors.

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