The advent of the internet has not only transformed the way humans communicate and exchange information but has also enabled various devices and appliances around us to communicate with each other through technologies like the Internet of Things (IoT). This allows everyday people to control or operate household appliances by connecting to control devices such as smartphones.

The potential to simplify interactions with electrical devices has led many industries to widely adopt IoT technology, extending its use to households to develop systems that enable residents to manage and control the workings of their homes intelligently, known as 'Smart Home' systems. This allows residents to control the operation of devices remotely without needing a remote control or manually turning switches on and off, such as controlling air conditioning, security systems, or lighting through applications on various smart devices like smartphones or tablets.

Currently, as our society evolves into the third era of the internet, or Web 3.0, we are witnessing the emergence of numerous technologies that are changing the way we live, including the concept of 'Smart Cities.' This elevates the idea of Smart Homes to a broader scope of data exchange and more efficient management through the interconnection of Smart Homes, creating a balance in energy and environmental management that promotes sustainable growth for entire cities.

While this concept can indeed materialize and yield positive outcomes for urban management, concerns remain regarding the security and transparency of data exchanges between individual Smart Homes.

'Blockchain,' the technology behind cryptocurrencies and other digital assets, thus serves as a solution to integrate technology into the real estate sector. With its architecture and design that involves encryption and data storage as copies among all participants in the blockchain network, it acts like a chain, allowing everyone in the system to know their ownership rights without relying on intermediaries for coordination. When applied to IoT, it enhances the feasibility of the Smart City concept in the near future.

Moreover, blockchain technology and related technologies also open up new payment channels using cryptocurrencies. For instance, in Miami, the mayor proposed accepting cryptocurrency for property tax payments, and shortly after this announcement, a penthouse was sold for over $28 million.


            The collaboration of these two sectors not only creates new payment avenues but also signifies the application of blockchain technology to create new possibilities in terms of environmental sustainability and promote freedom in asset management, allowing everyone equal access to various services.

Jirayus Sapsrisopa
Founder and Group CEO
Bitkub Capital Group Holdings