Introduction
The biggest problem for drivers right now lies in searching and overpaying for parking spots. Not knowing where they can find available spots, the inability to select and reserve them ahead of time and the steady increase of inner-city congestion costs a lot in terms of time and money.
At the same time, according to a 2017 U.K. study titled Tackling Pollution and Congestion, congestion has been rising in all major U.K. cities. When congestion occurs, tailpipe emissions are four times higher than when the traffic flows smoothly. Moreover, congestion has been leading to a decrease in traffic speed which in turn leads to more emission and health issues.
Here is where Parksen comes into play. With the issuance of its own cryptocurrency token, PARQ, Parksen aim to make cities more efficient and sustainable.
Parksen App Provider
Parksen is a Dutch app provider that has been active in the Netherlands since 2015. Their cloud-based parking solution systems have been integrated by over Dutch 100 municipalities, and users of the app can enjoy the most affordable parking rates in the country. Experiencing the difficulty municipalities had with consistent innovation, Parksen decided to look across the border for more significant opportunities.
Although their application has been tried and tested, the company is shifting its attention towards greater ambitions, which include cryptocurrency integration and sustainable city development. That is why they have launched an ICO. With the proceeds of the upcoming ICO, Parksen will work on two of their products: further development of their parking application, and the creation of their City Platform. All in-app transactions of these products will run on PARQ, Parksen’s token on the Ethereum Blockchain.
PARQ Token
PARQ is an Parksen's utility token. The PARQ token is an Ethereum-based ERC20 utility token which can be spent and earned within the Parksen parking app and the Green, Smart & Connected City Platform. By utilizing the Ethereum Blockchain and PARQ Utility Tokens, Parksen will offer a variety of solutions and smart contracts that will directly benefit a wide spectrum of stakeholders within urban metropolises and smaller cities. They aim to use an open and universal ledger to record and map data that will give us a picture of major chokepoints in urban areas.
Parksen combats worldwide traffic congestion and pollution through a Green, Smart and Connected City Platform, which utilizes the Ethereum blockchain, smart contracts, IoT devices and a real-time parking app. Parksen aims to improve the flow of traffic and decrease carbon monoxide emissions and congestion, while replacing and renewing outdated technology and investing in smart parking solutions'
The Parksen Parking app allows drivers reserve and pay for parking spaces ahead of time. Drivers are offered real-time information on traffic and are shown the fastest route to their destination. The Parksen City Platform comes with a dashboard that tracks congestion, pollution, usage and the condition of parking spots ans the staus of connected IoT devices and sensors.
PARQ Token Benefits
Pay for parking
Using the Parksen parking app, drivers can locate, reserve and pay for their parking before ever leaving home. The app then guides them there following the fastest possible route
Earn by collecting data
All types of users can earn PARQ tokens by collecting and submitting data on local congestion and pollution levels, parking space availability and a wide variety of surveys.
Pay for equipment
Using the Green, Smart & Connected City Platform, municipalities, parking garages and companies can purchase and integrate new system and hardware upgrades from partners.
Earn by renting out parking spots
Using the Green, Smart & Connected City Platform, all users can earn PARQ tokens by registering and renting out individual and corporate parking spots that belong to them.
Conclusion
The end goal of Parksen is to make cities more efficient and sustainable. They have taken an interesting approach to it, by combining the cryptocurrency world with their environmental and political goals, they have made sure that two very far, very different worlds are involved in a common purpose.
They have received a lot of positive feedback, faith and interest from an interesting club of advisors, among which are policymakers within the European Parliament, IoT experts, and cryptocurrency industry leaders. The only thing users need to look out for is how smoothly they integrate the cryptocurrency aspect into the whole product.
The team is highly experienced, and they have worked on blockchain before, so the integration of these two aspects should go through seamlessly. What Parksen wishes to accomplish is slightly ambitious, because it doesn’t all revolve around technology. It involves humans and much actual change. The most trying part of their plan is going to be making good on their promises of change and progress, other than that the product is fool-proof.
Useful Links:
ICO Website: https://www.parqtoken.com/
Company Website: https://www.parksen.com/
Whitepaper: https://www.parqtoken.com/wp-content/uploads/2018/01/Whitepaper_PARQ.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4215740.0
Bounty Thread: https://bitcointalk.org/index.php?topic=4994127
Telegram Community: https://t.me/parqtoken
Author:
Bitcointalk Profile: Tpq01349