Smart apartments are another piece of the puzzle within a smart city project or smart housing, and currently, there has been a lot of development. At the Internet of Everything Corp (IoE Corp), we offer solutions based on a people-tech or human-first approach at a decentralized level, permitting action seamless tools to perform accessible functionalities.
Our Eden System can action these easy, fast, sustainable, and scalable solutions for apartments employing its decentralized core foundations. Individuals gain control of their premises, where privacy is not an issue because IoECorp’s Eden System works through a blockchain.
The decentralized digital ledger stores and moves data on quantum-safe tunneling, creating a private and secure walled garden. Giving the user the trust required for a consistent smart apartment that can be customized to each specific need, actioning sensors and actuators where needed, reducing downtime, and always being ready to use.
Having these cutting-edge solutions implemented within a smart apartment delivers ease of use and grants the possibility of actioning other services such as garbage as an asset, controlling food expiration, or opening doors. As the Eden System is a decentralized model based on device clustering, where it is easy to add new devices as nodes, these implementations are ongoing.
Thus, with IoECorp’s solutions, smart apartments are made easy because they act on real-time necessities that each individual may have. There is no centralized actioning, so the on-demand functionality is set to perform to that required specification. Keeping the cyberattack on constant alert makes it extremely difficult for hackers to gain control of the network.
The IoE Corp’s Internet of Everything layer presents an all-in Edge approach where truly decentralized functionalities offer real tangible solutions for households. Prompting end-user security and privacy and eliminating the forced centralized server farms, i.e., the Cloud results in human-first-tech empowerment. Thus, IoE Corp’s smart apartments consistently provide service regardless of external actuators and within the UN’s 17 SDGs focus.
Currently, smart apartments are less of a luxury and more a “make or break factor” as the Internet of Things (IoT) revolution has become the IoT status quo. This reality is built on the fact that real estate is now facing a period where millennials are the growing acquisition buyer and are the first truly digital native generation. As such, these homeowners are comfortable with the digital world and perceive, as the norm, automated or remotely controlled devices.
Being able to understand this, real estate agents and homeowners have to provide a living space for millennials with digital amenities and also be aware of the sustainability importance. IoT provides outstanding breakthrough services and products that synchronize perfectly with millennials’ thoughts. Among these products and services that act on apartment digitalization and sustainability:
· Reliable Wi-Fi
· Motion sensor lights
· Energy-efficient appliances
· Mobile payment services
· Keyless entry doors
With this mindset, apartment owners and real estate professionals should invest in ‘high-tech’ apartment services and products. They will reach a more significant percentage of the rental market share; therefore, believing that the digitalization of apartments is a luxury can mean the loss of present and future renters.
To dive into the vast opportunities that IoT provides to the real estate market can be daunting as specific challenges need to be overcome for IoT to thrive. We have presented a brief view of the IoT issues in the introduction. Now let’s dig a bit deeper to understand the current situation truly.
Even though millennials are open to embracing digital solutions for their homes, they want a perfectly functioning system. Today's solutions are all centered within cloud service providers that offer a centralized tool to store, analyze, process, and move IoT devices and sensors data generation. This modus operandi brings risks that come down to security, privacy, real-time data, and data to information refinement.
Looking at cloud service providers and the challenges that need to be overcome within security for IoT, are well known as cyberattacks are almost a daily burden. From disconnection of heating systems to baby monitors being hacked through Wi-Fi-enabled IoT devices. An unacceptable situation as a home is where we should feel most safe and relaxed. To overcome these risks, decentralized software services that work at the source, are the way to go because it makes it practically impossible for cybercriminals to access the system.
Following the security realm, privacy is also at risk when the system is hacked, as eavesdropping through home cameras is a reality. But this isn’t the only problem with data privacy and ownership with cloud services providers. By using the cloud, the data generated belongs to the providers that use it with commercial intent, offering the data to other businesses. Based on servicing better products or services to end-users, a situation that treads on a very fine line, even more so when it comes to home-generated data.
Regarding the necessity to receive real-time data from IoT devices and sensors connected to apartment buildings, cloud services providers cannot assure it. Since cloud services need to store, analyze, process and send back the data via server centers, this creates a situation-dependent on various factors. First is the distance the data has to travel from the apartment to the server center; secondly, it is bound to the capacity and data traffic operating the data. These two factors create latency issues or even data traffic bottlenecks, where data is stuck due to excessive data moving from point A to point B.
The vast amounts of data that apartment buildings generate in minutes have to be, as indicated above, moved to server centers to be processed and analyzed. A situation that, in many cases, results in unclear results or is too complex for decision-makers to be able to act appropriately. Another problem that arises is the costs from the server centers to analyze the data generated by apartment blocks. Therefore, big data analysis isn’t cost-effective and can become an immense toll on homeowners or real estate agencies.
Under the conditions presented, no millennial would want to live in a smart apartment that offers so many risks for she/his safety, privacy, and costs. To guarantee the functionality of top-notch smart flats, what is needed is decentralized software systems that work at the source, eliminating the need for data movement. Choosing to implement decentralized software systems operating at the source provides homeowners and real estate agencies the assurance of security, privacy, real-time data, and data to information refinement.
A genuinely decentralized software system uses the existing power of IoT devices to create an onsite network governed by a blockchain, which keeps data and devices under control. Done via rules and consensus manifests inputted into the digital ledger, resulting in immutable data generation. Creating a secure space in which cybercriminals find it next to impossible to access and control because of the decentralized nature of the system. In other words, if a device is hacked, an alert prompts indicating that that device is providing erroneous data and has to be ignored. In such a situation, the network can keep performing as the decentralization permits other devices to handle the workload of the faulty one. Hence, in the case of a thermostat being hacked, the system would alert, and that specific device would be ignored, and other devices would be able to continue their job.
Another benefit that decentralized software systems provide, due to their onsite functioning, is the assurance of real-time data. As there is no need to move data to a centralized source that can be hundreds or even thousands of kilometers away, latency and bottlenecks are eliminated from the equation. And with a knowledge-based AI within the system, data analysis is refined on site, decreasing the costs of big data processing; the AI can learn and alert when there is an alteration in the data instead of going through all the data. In practical terms, AI data to information refinement processing is ignited when, for example, there is a significant change in temperature inside the apartment.
Internet of Everything Corp’s Eden System solutions offer ease of use, making the path to smart apartments easy. A human-first tech approach resolves many of the current centralized solutions risks and fluctuating costs. And it also functions inside a sustainable computing structure, which is another asset when it comes to not just millennials, but the whole of society as we are living in a moment where sustainability has become paramount for the wellbeing of the planet’s ecosystem.
Attracting reliable, high-quality residents who understand the value of smart devices becomes a win-win for property owners. In addition, if you use a reliable, secure, private, scalable, decentralized software infrastructure, like IoE Corp’s Eden System, the ignition of Smart Apartments becomes an easy step to take.