PARKGENE : disturbing the traditional parking industry (Token Sale)

PARKGENE : disturbing the traditional parking industry (Token Sale)

Wawan Mokupo

PARKGENE is a decentralized ecosystem where parking owners and drivers meet to conclude short-term or long-term parking lease contracts. PARKGENE based on Ethereal Blockchain combined with smart contracts, will eliminate dependence on centralized system among transaction participants, and will significantly reduce parking fees for drivers, while offering an alternative source of income for parking owners. PARKGENE provides innovative approach, openness, convenience and ease of use to enable industrial parking and its stakeholders to mprove the overall quality of city life.

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 undercut high-cost parking fees, while providing a source of income to all parking lot owners who rent out their driveways and PARKGENE garages built on top Ethereal blockade, will be the first system that allows drivers and owners of parking lots to transact with each other directly.

The ecosystem will appeal to individual parking, professional or city owners, who are involved in offering parking lots, as well as drivers. PARKGENE will create the most convenient and convenient conditions for all platform users to achieve their goals. Furthermore, due to the natural decentralization, PARKGENE will offer all the tools to adjust and streamline all operations according to specific needs and requirements.

Vision

PARKGENE is an easy and safe way to find parking lots, connect drivers, individuals and businesses. Our vision is to disrupt traditional channels - especially off-line - Parking industry, sized at $ 100 billion per year, and to provide drivers with a better parking experience, while helping the city become more intelligent and environmentally friendly.

We aim to make parking in town twice as easy and ten times cheaper. We will set GENE tokens as a payment method for the automotive industry, allowing drivers to pay for parking and integrate it with mobility services, vehicles and automotive infrastructure.

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

Parking implements a significant load on drivers and the wider economy. One in three drivers left their search for a parking lot [6] at least once a year ago in pursuit of a coveted place.

Factors that predispose the city to congestion are the same as what happens Parking pain: large and growing populations, dynamic economy, relatively cheap automotive, and dense urban environments with limited land Parking problems are exacerbated by lack of information; many drivers simply do not know where space is available, increasing driver frustration and wasting time. Just like traffic jams, expensive parking pain. For individual drivers, searching for parking results in wasted time and fuel, and improper parking or running out of time may result in parking fines.

In the city, the search for rotten parking intersection and city roads, increasing traffic congestion. Searching for parking also worsens air quality, as vehicles emit greenhouse gases into the environment.

Generally, off-street parking rates reflect local market conditions and central locations in major cities of commercial, political or cultural interest. Similarly, local political and policy considerations generally dictate on-street parking rates with many cities liking a relatively high on-street cost to encourage high turnover and to support local business activity.

According to a study by Frost & Sullivan, the worldwide parking industry is about $ 100 billion and is expected to attract institutional and strategic investments for the $ 200- $ 250 million track over the next 3-5 years, mostly to spur innovation and smarter parking . One of the main reasons for this capital infusion is to remove inefficiencies in the way we currently park, per last find.

A 2011 study by Cisco revealed that only in the US alone, the total cost of private Transportation amounts to $ 3 trillion per year. Parking is represented a staggering value of 12.5 percent of this total, or $ 374 billion. This includes not only the actual costs for parking but also related inefficiencies, such as urban traffic Made by people looking for parking space. With this huge figure, it is not surprising that automotive OEMs are increasingly perceiving parking as an essential service it needs to be integrated in vehicle telematics systems to streamline efficiency.

In the coming years, P2P parking will generate globally new opportunities of a myriad of commercial parking lots, garages and occupants to rent out their parking spaces with the help of an online market that runs on top of mobile phones and web platforms.

To reduce this cost, technology providers, automakers, cities and businesses rely more on providing drivers with real-time parking availability to facilitate parking pain. But as the city grows bigger and busier, while its real estate value is skyrocketing, the city's parking spaces are becoming increasingly difficult found.

This is where PARKGENE comes in. The PARKGENE decentralization technology will supply new parking spaces in there bustling city, which is now still not utilized, by not only allowing Peer-to-Peer sharing but also the integration of all competing parking spaces.

technology solutions offered by industry, thus creating market functionality. P2P market, is not a new idea. We have seen some successful applications in the lodging industry with companies like Airbnb, or in the automotive industry with Uber and Lyft. Some startups have evolved in. P2P Parking offers but scaling is always a problem.

TEAM

The PARKGENE founding team already owns and operates successful parking applications. This product is operated under the brand PARKGURU (Fast and cheap parking). PARKGURU works closely with parking and municipal workshop companies to provide on-street and off-street parking solutions.

From the beginning, PARKGURU was built with the aim of simplifying the access of parking drivers, by building core infrastructure that makes it easy on the road and off the street parking. The natural extension of PARKGURU is to leverage existing technologies to build PARKGENE, a decentralized parking solution for the blockchain era.

The introduction of PARKGENE will create an operational fork. PARKGURU will remain focused on providing off-street and off-street parking, from city and professional parking (garage) operators, while PARKGENE will do so will be a new product focusing on efficient, decentralized peer-to-peer parking.

The success of PARKGURU has provided proof of concept for PARKGENE. What has been developed will be a minimum eligible product PARKGENE to start its operation. PARKGURU's contribution to PARKGENE will not only IT and infrastructure, but also the introduction of PARKGENE services to over 50,000 existing PARKGURU clients and PARKGURU shares.

Thank you for reading.

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author: mohrizal

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