A decentralized smart home can be enabled with a smart hub.  All devices in the smart home like the thermostats, IP cameras, and sensors are connected to the smart hub.  The operation of the different gadgets in the smart home is enabled by making use of the data in smart sensors.

Smart homes with external services providers can be synchronized with interconnecting hubs by making use of a peer-to-peer network similar to those that are used in cryptocurrency networks.  Unlike the nodes in a crypto network all nodes do not store the information of all the smart homes in the network, rather they are managed as clusters. Cluster heads organize the information of forward list, private keys of requesters, PKs of those who are requesting access to the network etcetera.

The incoming requests will thus be forwarded to the respective clusters meant to execute the operations of the unique smart home.  If a smart homeowner does not prefer to allow access, the owner can choose not to be listed for the external service provider. If needed with the permission of the owner, an external service provider will be able to gain temporary access to the home.  Smart home device data can also be stored on the cloud. And, the smart homeowner will be in complete control of his data.

XinFin can help individuals and companies develop dApps that can be used to manage smart homes in the network.

There is a lot of research in the smart home industry, and several research giants are investing in exploring the applicability of the blockchain technology in the industry. The prospects of interoperability of the connected internet of things are already improving. Smart home companies are working with distributed technology companies to support smart devices and to improve the speed and quality of interoperability of the devices.

Before blockchain technology is welcomed in the homes of customers, they will need to answer a lot of questions. The implications of data security should be understood to the fullest. Innovations should be integrated efficiently.  The scalability, deployment, and interoperability should be completely understood.

Smart contracts will be enabled for most of the executions in the smart homes. Artificial intelligence will be integrated. Zero mistake executions will take place. However, there are still challenges, which the research in the smart home industry is trying to sort.

With the blockchain technology, the home can become a lot more convenient, efficient and comfortable than ever before. The user behavior will be predicted by making use of advanced machine learning algorithms, and smart contracts for IOT will be developed accordingly.