When residents of the “most livable city in the world” began using blockchain, a market as big as the ocean was opened.

When you hear of Vienna, what comes to mind?

The beautiful Princess Sissi, the majestic Schönbrunn Palace, and the master of classical music, Mozart, may be the first to come to mind.  With a long and profound history, Vienna remains the center of business, music, and coffee.

A fascination for people across the globe, Vienna was named, “The most livable city in the world.” But this is overlooked by us residents because Vienna has been at the top for many years in terms of quality of life. 2018 is the 9th time Vienna has been named “most livable.”

Although Vienna is a romantic and low-stress city with ideal social welfare, it has an unprecedented and inclusive attitude with regards to embracing emerging technologies like blockchain. Throughout Europe, Austria has always been at the forefront of blockchain. In early 2018, blockchain research was initiated in Vienna for various services such as electric bus stations, electricity supply, and even land registration to streamline and automate the process.

In early August, through cooperation with international consulting companies, the public blockchain was used to verify government data such as public transportation routes, train schedules, and community voting results to ensure data security.

In blockchain, the Austrian government has closely followed the footsteps of private entities, including its primary energy supplier, Wien Energie.

The government plans to actively support regulatory reforms to promote the use of blockchain, such as point-to-point transmissions. Astrid Schober, chief innovation officer of Wien Energie, said in an interview: “We are testing blockchain-based services in Viertel Zwei, Vienna. Once we have gained enough experience, we will bring it to market.” These actions in Austria are definitely good news for the blockchain industry; Austria is known for its relatively conservative stances, so if it explores even more applications of blockchain technology, other governments are very likely to follow.

With government departments as pioneers, private companies with good foresight will not be left behind. Mysmarthome is one of these companies. It is committed to exploring peer-to-peer smart homes. Mysmarthome has many years of experience in the smart home. It has extensive knowledge in intelligent hardware and software development, and it has built its own cloud IoT platform to meet a variety of research and development needs. A representative of Mysmarthome spoke of plans to combine blockchain technology, peer-to-peer communication, and IoT so that people can safely and smoothly use the power of IoT for greater convenience in their lives.

The concept of smart homes began to grow in popularity several years ago. With artificial intelligence, smart homes have continued to develop rapidly, and intelligent devices have turned from fantasy into reality. The emergence and development of IoT has enabled the smart home to achieve a second leap forward: true intelligence.  It upgraded the smart home from the “digital home” to an actual “smart home”. Such “intelligence” offers to seamlessly facilitate many processes in our daily lives, but it also holds hidden dangers. Product connectivity and authentication are always completed in a centralized manner, which means that users face real threats from malicious actors. Once data is lost or compromised, it can be very damaging to user privacy. Security risks and privacy leaks in smart homes have occurred with unfortunate frequency.

Blockchain will change this massive issue in the smart home industry–transparency, trust, convenience, and security will all improve. It is believed that blockchain will enable smart homes to achieve a third leap forward. In order to solve the current difficulties and hidden dangers in the smart home industry, Mysmarthome recognizes the huge opportunity to combine blockchain technology and peer-to-peer communication with smart home products and the IoT.  They must achieve a truly safe and reliable smart home.

Mysmarthome has chosen Elastos Carrier as their platform.

Many blockchain projects can help smart homes achieve peer-to-peer communication, so why Elastos Carrier? A representative of Mysmarthome said that after much research and investigation, Elastos was determined to be the best fit for the following reasons:

First, Elastos Carrier is a completely decentralized P2P network service communication platform which can implement P2P connection without going through any transit server, thus effectively avoiding issues caused by intermediaries. No one can get the user’s data except the user himself/herself because the information is encrypted and stored on the user’s device. Therefore, the information is highly credible through Elastos Carrier, and users do not have to worry about any information leaked by their home smart device. This completely solves the most painful piece of the current smart home industry, which is why they value Elastos’ solution so much.

Second, Elastos has continued to improve. Mysmarthome noted that Elastos already integrated DIDs into the Elastos TV Boxes late 2018. DID is the first Elastos sidechain. All people or digital assets or domain names can have unique IDs. This decentralized ID enables the users have secure accounts. In the traditional Internet, the intermediate carriers issue the accounts to users, so these intermediaries can theoretically track the users’ password and usernames. If the ID is issued to the users through the blockchain, and the public key is generated with the private key, the carrier does not have authority over the account, which ensures absolute security for the user’s accounts.

And finally, Elastos has extensive experience in smart homes. The Elastos TV Box loaded with Elastos Carrier has reached a million units, which indicates that the TV box loaded with Elastos Carrier Service is already popular on a large scale. The Elastos Carrier Nodes will become further and further integrated into our lives. Elastos also focused on the Internet of Things through its cooperation with ioeX. ioeX is building a comprehensive smart home platform basing on Elastos Carrier, which is another good reference for Mysmarthome.

Mysmarthome clearly made a wise choice. With the continuous improvement of Elastos technology, Mysmarthome will enjoy comprehensive support like Elastos Services and Elastos Runtime, which are of great significance when upgrading smart home devices. Additionally, Mysmarthome has taken a step towards the massive Chinese market, and with a large number of potential users, it can add much power to the development of Mysmarthome. As Mysmarthome continues to grow, smart home devices with Elastos Carrier will bring more new users, and also Elastos will gain more nodes to stabilize its ecosystem. We look forward to hearing more about Mysmarthome.

Who is behind Mysmarthome project?

The team that created Hyper.im (a peer-to-peer messenger app powered by Elastos Carrier), and most recently, created a suggestion on the Cyber Republic for the HyperConnect project, is the team behind the MySmartHome project. Here are a few additional notes:

  • HyperConnect will be released first, and the MySmartHome project will use its own quality hardware with the HyperConnect Software.
  • This is expected to be on the market by the end of the year.
  • Stay up to date by subscribing at https://mysmarthome.org.
  • Join their telegram at https://t.me/HYPERELASTOS