This could be the biggest thing to hit access control in years. A Silicon Valley startup has developed a low cost 'smart' adapter for existing locks allowing users to remotely open and close their door from their smartphones. In just the first few days, they have sold over $1 Million of these units, online direct to customers. How big can this get? In this note, we examine its positioning, potential weaknesses and contrast it to traditional locks and Z wave mobile enabled door locks.
[Update 2014: Lockitron Tested]