Today automotive industry is one of the world's largest economy sectors by revenue. Due to the population explosion, raising number of middle classes and urban development, the number of vehicles on the street has been increasing rapidly.More than 1 billion cars and trucks are on the road and almost 70 millions of four wheelers has been bought annually. And this has caused tremendous parking and traffic issues.
Smart Street Parking is an innovative device enabled parking solution built using blockchain technology to help address this issue.
IoT Sensor installed on the public parking spots will help the commuters to find suitable free spaces based on the fuel balance, nearby fuel stations, meter capacity.User to set distance or zone type (regular, commercial, school, home, workplace etc.) User can claim and navigate to spot
User to set distance or zone type (regular, commercial, school, home, workplace etc.) User can claim and navigate to spot
A token based incentives can be introduced to encourage participation in reviews and ratings to alert other users about the safety of the spot
The idea is to create a ticketing system , where a user can simply take snapshots and Geotag of the places which causes unwanted incidents such as car thefts, damages etc
Users enters the arrival time and expected departure which will help the other users to know the availability of that parking spot.Reward points will be given based on the scheduler