PARKRES provides a modern sensor network

In today’s world where a car has become a necessity rather than a luxury, parking has become an equally important aspect of day-to-day life. Any place you travel, the first thing to consider is parking apart from a gas station. With the population explosion and more vehicles on the street than ever in the history of a mankind, it is becoming more and more difficult to accommodate the traffic on the street. And so the parking places. Most of the time people end up spending more time finding a parking spot than doing the actual work they are out for. Parking spot has become a rare commodity especially in the downtowns, city center, shopping complexes, marketplaces, theaters, stations, hospitals, and office spaces and sometimes even at the airports. Finding a parking spot at the desired location is a matter of luck and a rare occurrence. The scarcity of parking spots also gives rise to some other environmental and economic disadvantages, which we seldom realize. People spend more and more fuel just to find a parking spot than in actual travel. Also, looking for a parking spot in the crowded place leads to accidents, which leads to frustrating traffic jams. People often have to drive on lower gears to search for parking spots causing more emission of harmful gases in the atmosphere, which leads to a rise in Co2 contents adding to global warming. More the driving, more the consumption of non-renewable resources like fuel, more the emission of gases.

PARKRES provides a modern sensor network for tracking and managing parking spaces around the city and car parks. It uses a sensor network based on IoT (Internet of Things), as well as a chain-based air-based system to offer and allow you to pre-reserve parking spaces closest to your destination. This revolutionary service saves countless hours, hassle, traffic congestion, fuel and paper waste, since transactions are made using the PARKRES crypto-currency, and payments can be made by phone, online, automatic payments or monthly subscriptions. The system also allows payments on FIAT currencies and credit cards, if the user chooses to do so using digital currencies. The PARKRES system invents the parking industry, as we know it today. On the PARKRES platform, users will be able to register or list their free / open parking spaces, garages to rent out and earn money on it, like Airbnb, their Airbnb parking platform. This would revolutionize private parking and provide the user with the means to use on empty and unused space. This will also help reduce the scarcity of parking spaces in cities, thereby helping to park ecosystems. Users will be able to find cheaper parking spaces due to the introduction of private parking spaces available for booking on the Internet. This will reduce the monopoly of parking lot sellers and help keep track of parking prices.

PARKRES is a solution for all-in-one parking, eliminating the gap between crypto-currencies and the parking system. On the Parkres platform, users will be able to find and reserve a parking spot anywhere at any time, pay from their mobile wallet
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