On July 4th, the Parkers Chain officially held a global conference in Hong Kong. Representatives of leading companies in the global innovation field, more than 1,000 active investment institutions, research institutions and industry figures attended the conference. At the same time, the parking chain announced a $15 million Series A financing. During the conference, Johnny Spencer, the head of the parking chain project and CEO, signed a cooperation agreement with 15 overseas companies, which will be further developed around the car + blockchain technology in the future. More research and development projects, so that the blockchain technology is truly “respecting the people for the people.”
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The most advantageous application scenario of the parking chain – intelligent parking system
First, Johnny Spencer, the head and CEO of the parking chain project, demonstrated the parking chain and the multiple applications of the parking chain. He said that the parking garage’s intelligent parking system allows users to use their own smartphones to search for parking spaces, and once they are determined, they can reserve the parking space, so you can search for the cheapest and most convenient parking space at the destination, no longer need to use it. Going aimlessly to find a parking space. Today, the parking lot market has exceeded $100 billion, and the smart parking system in the parking chain hopes to build a platform for parking owners and “temporary buyers”.
Thompson Wesley, the company’s chief financial officer, believes that the parking space leasing industry has great potential. He said: “Today, most parking lots allow buyers to buy long-term parking spaces, but most car owners only need a short time to park. Blockchain technology and smart contracts, our app enables owners to rent short-term parking spaces, providing car owners with a better parking experience and effectively filling a gap in the parking industry.”
Users can reserve parking spaces using a dedicated smart contract, which is associated with an Ethereum blockchain digital wallet and can be paid once a parking space is locked.
If the driver leaves the parking space, the parking space owner can get at least 80% of the smart contract deposit, all the fees are paid in the parking chain digital token, and the other 15% will serve as the smart contract provider Parker Gene Company. The handling fee, and the last 5%, will be distributed to the parties in proportion to the reward based on the service rating of the parking space owner and the driver rating.
Smart solutions based on black technology
The parking chain builds a complete intelligent travel service platform with deep technology such as blockchain, big data and artificial intelligence to solve a series of related problems such as urban travel route congestion, unreasonable travel time planning, parking difficulties, and smart travel project investment. In terms of introducing blockchain, the parking chain can fully utilize its sharing mechanism and decentralization to reshape the smart travel industry.
Traditionally, the introduction of blockchain and centralized intelligent travel industry data sharing is very difficult, and the intelligent management of traffic infrastructure is flawed. There are big problems in data sharing and data mutual trust of various manufacturers. The blockchain technology has clear traceability, clear rights, inability to tamper with information, and assets, which can make up for the shortcomings of the traditional wisdom travel industry. Therefore, building a smart travel blockchain – the Parkers Chain parking chain has become the first choice.
The parking chain supports Turing’s complete intelligent contract, and will provide services such as industry main chain certification, identity identification of the subject, and smart contract of industry asset circulation. Its eco-internal payment will work with well-known companies overseas focusing on digital currency payment services, while the parking chain assets will be generated based on the Top Chain public chain, and the consensus mechanism is also based on Top Chain’s RDPOS consensus mechanism.
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