Cryptomanis: PARKGENE - Decentralized Ecosystem For Parking Rental Contracts

What is PARKGENE

PARKGENE PTE Ltd was established in Singapore and is a subsidiary of PT PARKGURU LTD (UK), a company that owns and operates an advanced omnichannel parking ordering service (https://parkguru.com). Currently, the PARKGURU application provides booking services and detailed information on millions of parking spaces located in Europe and North America.

The introduction of PARKGENE will create an operational fork. PARKGURU will remain focused on providing on-street and off-street parking, sourced from cities and professional parking operators (garages), while PARKGENE will be a new product focusing on efficient, decentralized peer-to-peer parking for individual driveways and individual home garages.

PARKGENE is a decentralized ecosystem where parking owners and drivers meet to conclude short-term or long-term parking rental contracts. PARKGENE, based on Ethereal Blockchain combined with smart contracts, will eliminate reliance on centralized systems among transaction participants, and will significantly reduce parking fees for drivers, while offering alternative revenue sources to parking owners. PARKGENE provides an innovative approach, openness, convenience and ease of use to enable the parking industry and its stakeholders to improve the quality of city life to a new level.

Simply put, PARKGENE is similar to "Airbnb for parking". We will connect people who have parking spaces with drivers who want to park, provide additional parking spaces to the market, and reduce the cost of high parking fees, as well as provide a source of income to all parking lot owners who rent out their driveways and garages. PARKGENE discusses short-term and long-term parking rental markets by lowering costs, using decentralized conflict resolution and making this market a true P2P, eliminating various middlemen, and ensuring that reviews and lists honestly, because they are stored in blockchain that can not be changed.

But PARKGENE is more than just a P2P app for parking. It is an ecosystem and internal payment system that aims to connect, the entire automotive industry in the net market network. PARKGENE aims to develop a global automotive platform based on blockchain technology. PARKGENE will provide all the tools necessary for existing market service providers, enabling them to connect, transact and build a growing global community that complies with the local supply and demand of parking spaces using GENE. Initially, establishing GENE Tokens (GENE) as a means of payment for the parking industry has the potential to attract many other related industries (auto insurance, tolls, automotive services, etc.), who can use our distributed ledger technology and start receiving GENE as payment. for service

The ecosystem will appeal to individual, professional or city parking owners, who are involved in offering parking spaces, as well as to drivers. PARKGENE will create the most convenient and easy conditions for all platform users to achieve their goals. Furthermore, due to its decentralized nature, PARKGENE will offer all tools to customize and simplify all operations according to specific needs and requirements.

We believe that from time to time PARKGENE will offer a valuable solution not only at
Western European and North American markets, but also in other markets around the world facing congestion and parking problems, providing an alternative that can help improve the overall parking industry.

Role of PARKGURU

The PARKGENE founding team already owns and operates successful parking applications. This product is operated under the brand PARKGURU (https://parkguru.com/). PARKGURU works closely with parking and municipal garage companies to provide on-street and off-street parking solutions. From the beginning, PARKGURU was built with the aim of simplifying the way drivers access parking, by building core infrastructure that facilitates parking on the street and off the road. The natural extension of PARKGURU is utilizing the existing technology to build PARKGENE, a decentralized parking solution for the blockchain era.

How does PARKGENE work

Motorists looking for a parking lot converge virtually with the parking owner via the PARKGENE application. The following diagram shows the different stages of the completed parking session on the PARKGENE platform and above the Blockain Ethereal with smart contract. As soon as the driver booked the parking lot, the reservation triggered the intelligent PARKGENE contract on the Public Blockchain Etereum.

The PARKGENE application transfers the full amount of parking fees at GENE from driver's wallet, to storage place (temporary wallet). If there is not enough GENE balance in the driver's wallet, the driver can use his or her credit card or other means of payment (Bitcoins, Ethers) to buy GENEs in real-time and pay for the transaction.

Actual reservation and additional service payments for completion of actual parking session. At the end of a successful transaction, the parties terminate a smart contract on Ethereum, with admission and confirmation of the blockchain. Owners of the parking lot receive, from storage to their wallets, 70-80% smart contracts at the GENE tokens, when drivers check out from the parking lot.

The remaining:
• 5% of the total amount is paid to the owner of the parking lot and the owner of the parking lot
they take some action that enhances the ecosystem (eg, rating, Review).
• 10-20% of the total amount paid to PARKGENE to cover operations,
development, cloud services and advertising costs.

At any time, platform users can buy or sell GENE tokens for FIAT currency (USD, EUR, JPY, CNY, etc.) or other cryptocurrencies (BTC, ET, etc.) with GENE tokens (if and so GENES is available on the exchange).

PARKGENE Features

Reduced Housing Costs High

The existing platform, which is an intermediary in the parking industry, takes a high percentage as a commission. At the same time, the P2P Parking economy is not fully implemented, as it remains part of the role of surety and arbitrator in resolving disputes and non-standard situations.

At the same time, some tax laws restrict payments using P2P Parking to economic growth in some parts of the world. Research shows that the world's leading parking markets charge a service charge of up to 20% [7] to parking owners.

Currently, based on research from INRIX [6] the average cost for off-street parking in 10 US cities is $ 15.51 for 2 hours. We hope with our P2P solution less than 50%, great savings for drivers, while at the same time also having double - at least - the availability of parking lots in the city that generate many benefits for drivers, reduce traffic congestion, exhaust emissions and overall improve the quality of life in big cities.

Trusted Reviews & Rating - Incentives and Bonuses

PARKGENE offers a system bonus system: identification process, detailed description of the parking lot, adding photos, writing reviews, and more. Putting a rating on the economic tracks, will allow drivers to receive more profitable offerings and save money.

The owner of the parking lot, receiving reviews and ratings, will be able to achieve real estate load levels faster and more. For each feedback, both racers and parking owners will collect GEN, which they can use in the future. The size of the bonus is determined by both ratings given by the opposing party as a review, and with the duration of use. Users will be able to receive up to 5% of the paid game fee in the form of a bonus that is instantly received after they take action on our ecosystem.

Security Measures
PARKGENE appreciates the owners of the parking lot (which provides access to their premises) as well as their drivers who parked their car. There are several actions we have taken to manage all these security issues.

Ownership and account access
The most common security breach is when a scammer or other evil actor take control of someone's account by getting the password.

Multi-Factor Authentication is implemented to prevent account takeovers. PARKGENE will request hosts and guests when logging in from a new one device to verify their identity with a second account, either via SMS or e-mail. This policy is common among other social majority communication applications that use multi-factor authentication, including Facebook, Google, etc.

In addition to multi-factor authentication, PARKGENE also added SMS alerts, Push Notifications and Email alerts to let people stay up to date about changes made to their account if there are strangers access and start playing around with settings.

Physical Access to Parking Spot

Check-In Process. Provides additional security and increases the level loyalty and trust between the driver and the owner of the parking lot. When Driver checked in, parking owner (or PARKGENE Service) gave driver "digital button" (or remote control) and using the phone application to scan QR code or even press "Open Garage" button Door "from the driver's phone screen This feature is optional Implemented with PARKGENE Internet Door Opener (PIDO) or other manufacturers of world class garage door openers such as Chamberlain, Nortec and others.

Check Out Process. As the driver leaves the parking lot, The digital lock is disabled, and check-out is confirmed to the system. Monitoring and Auditing Parking Trials. Depending on the situation,
Owners of Parking and Drivers may have access to video recordings Parking session, securely stored for 1 year at PARKGENE's platform and is available to anyone who has the link and authority to
Look at this. This feature is implemented with the use of any Video Camera connected with parking accounts and very helpful both users to resolve any issues that may arise.

Financial Transactions

Financial transactions conducted through the PARKGENE platform are guaranteed
in many ways. PARKGENE offers a high level of Wallet security to both drivers and Parking Owners who transact with each other. All Token GENE includes additional cryptocurrency (Bitcoin, Ether, etc.) stored in the wallet are securely collected and stored in various layers of wallets such as the Multi Storage Hot and Cold Wallet so the risk of hacking is minimized.

PARKGENE PARKING FEE is managed by PARKGENE PARK smart contracts deployed on Ethereal block and funds distributed to stakeholders automatically after the end of each parking
trial

ICO

* GENE Token Price: 0.1 USD
* Bonus depends on the contribution amount
* Participation: Open to all
* Minimum Participation: No minimum
* ICO Start date: 15 Jan 2018, 10:00 AM (GMT)
* ICO End date: Feb 19, 2018, 10:00 AM (GMT) or until hardcap of 350,000,000 tokens sold

Lets join Parkgene ICO on: https://parkgene.io/

Tokens Distributions