The Benefits of Smart Locks

The implementation of smart locks for assets sharing by OkeyDokey is a great idea that adds an element of flexibility, convenience and security. Smart locks are connected to the “internet of things” and provide the versatility needed for asset owners and renters to complete transactions without even meeting each other. These types of non-traditional lock-systems are becoming increasingly ubiquitous and it is only a matter of time until you yourself are confronted with one.

BENEFITS

Convenience: Asset owners might have dozens and even hundreds of different assets up for rent, making it impractical to meet the renters in person for each transaction. Fortunately, smart locks grant renters automated access via the internet. This automated nature for the transaction means that scalability for the asset owner is not a huge problem if they are hoping to increase the number of assets they are putting up for rent. Smart locks can even be unlocked simply using a smartphone, meaning access is very straight forward for renters.

Security: The owner of the asset has a way to keep an eye on their property. For example, an intercom system can be implemented with video that allows the host and guests to communicate. The host can still greet the guest, but not in the traditional sense. Video can help verify that the person who made the booking is the same one at the door. Furthermore, alerts can be received when visitors arrive at the door. The host is also able to set up security so that they are alerted of any problems no matter where they are, and can disable these alarms remotely to prepare for incoming guests.

Connectivity: Smart locks can be connected with many different systems to allow for automation. For example, once a booking is finalized, an automated security clearance can be issued to guests — and no human interaction is ever needed. Connectivity with apps and security systems is also possible, which creates a greater degree of flexibility for both guests and hosts.

Conclusion

Smart lock technology will make asset sharing even simpler for asset-owners and renters, promoting efficiency and decreasing global emissions and waste. In the coming years, the smart lock market is expected to grow to $2.67 billion by 2023. Increased competition in the marketplace means the technology is going to improve and potential drawbacks are likely to be ironed out early on. OkeyDokey is ready to make property- and asset-sharing simpler and more efficient for property-/asset-owners and renters using blockchain and smart lock technology. Now is the time to prepare for a reality where the smartphone is commonly used in place of a traditional key in pursuit of a brighter future based on the transactional economy.