Blockchain-Enabled Smart Locks

« Back to Glossary Index

The blockchain-enabled smart locks are capable enough to solve several security issues and can be locked or unlocked depending on the state of a variable embedded in a smart contract. It possesses almost unlimited programmability and you can easily link any kind of payment method like oracles or tokens with the state of the lock. It opens up new incredible business models that remained impossible previously owing to security concerns.

« Back to Glossary Index

Check Also

top-crypto-coins

Crypto July 2022 Update: 10 Top Crypto Coins’ Performance

« Back to Glossary IndexThe month of July was literally a roller-coaster ride for the …