[tristanperry]

It is 'yet another' standard yes, but it's worth pointing out that Matter was jointly launched by the ZigBee Alliance (who now call themselves the Connectivity Standards Alliance).

So it's not exactly a rival to ZigBee at least.

Z-Wave are going a different direction though, and I wouldn't be surprised if Z-Wave slips into obscurity over the next decade.

[Terretta]

Agree, this purports to not be “yet another”, but the one that converges. Oversimplified, Thread is already an IP mesh on Zigbee hardware, and Matter is a device/app protocol on top of IP.

“To simplify adoption, Matter will start as an application layer on top of existing IP technologies, including ethernet, Wi-Fi, Thread, and Bluetooth (for device provisioning). This means Matter is not reinventing the wheel; it’s adding better technology to the highways our smart homes are driving on.”

https://www.theverge.com/22787729/matter-smart-home-standard...

I like that article as a casual overview, which also references “What matters about Matter”, an ‘explainer’ and a ‘living FAQ’:

https://www.theverge.com/22832127/matter-smart-home-products...