According to new research from DBMR, the global smart home market is expected to grow to more than $680 million as the demand for connected devices rises and they become even more ubiquitous in folks’ lives. That is, without question, substantial.
At the same time, however, concerns are being voiced regarding smart home environments made possible via Web2 technology, for example. The nature of these concerns has ranged from ensuring constant privacy, navigating corporate regulations on technology, and staying up-to-date on how a smart home can continue to function as safely as possible for homeowners, specifically.
In this vein, the teams at peaq and AYDO made an announcement this past Thursday: As peaq expands its ecosystem in order to enable the blockchain for real-world applications, AYDO is joining them to connect smart IoT devices with Web3.
Here’s the rundown.
Bridging IoT to Web3 is not a novel idea, and AYDO is building a platform that allows IoT devices – from any vendor, notably – to interact seamlessly with one another while sending data to supported blockchains. This, in practice, will serve as “a Web3 alternative to centralized IoT management platforms,” according to AYDO.
Then, by integrating with peaq for this privacy-first Web3 platform, AYDO will be able to bring to market a powerful tool for decentralized physical infrastructure networks, or DePINs, presenting IoT-centric communities with “next-gen versatility for IoT networking.”
For IoT Evolution’s Smart Home readers, this proposed plan for the platform will enable smart devices (e.g. smart lights, smart plugs, and sensors galore) to exchange data between one another and also send data to any supported blockchain. This idea coincides with the leveraging of ZigBee protocol, further supporting more than 3,000 devices so smart home owners can set up and control their environments with ease.
As described by AYDO’s CEO Oleksandr Markin:
“Data is at the very core of most IoT apps, and AYDO is giving people control over this data. And with peaq, synergizing with this integration and linking our platform with the blockchain that’s tailor-made for DePINs simultaneously meets customers’ IoT needs at a time when IoT continues its rapid growth.”
Till Wendler, a co-founder of peaq, added to Markin’s statement:
“This integration provides a major boost for the DePINs building on peaq and gives them a truly versatile tool for connecting millions of devices to living and breathing IoT networks. With this in mind, I am certain that AYDO will bring great value to this growing ecosystem.”
Read more stories like this (especially more blockchain-centered news) on our sister site, The Blockchain Domain.
Additionally, learn more about many more next-gen IoT solutions at IoT Evolution Expo 2024, taking place from February 13-15 at the Broward County Convention Center in Fort Lauderdale, Florida. Part of the ITEXPO #TECHSUPERSHOW, this event combines educational conference programming with a robust exhibit hall, networking events, and other activities, bringing together buyers and providers of business technology products and services that drive business success.Edited by
Greg Tavarez
