Investigating the Role of Blockchain in Enhancing Home Security: A Comprehensive Study

Blockchain technology demonstrates exceptional potential as a self-sufficient and robust data structure, earning recognition in various fields such as finance, supply chain management, and healthcare. Yet, its application within the realm of residential security remains largely untapped. This study probes into the potential of blockchain technology to fortify home security systems, conducting a thorough review of blockchain literature and basing theoretical evaluation on its inherent security features, with a particular emphasis on its implementation in home security. The paper critically examines various blockchain models, assessing their suitability for application in home security systems. It also presents a thoughtful discussion of the challenges and constraints that may arise when applying blockchain technology in this specific context. The findings of this investigation underscore blockchain’s ability to revolutionize home security systems, proposing innovative methods with a focus on data privacy, access management, and fraud prevention. The study also brings attention to technical and regulatory hurdles that need to be surmounted to fully unleash the potential of blockchain in home security systems. Thus, the paper not only highlights the vast possibilities of employing blockchain technology in home security but also underscores the necessity for careful consideration and resolution of related challenges.