The economic potentials of the parking and transportation industry cannot be over-emphasised as this industry has been recorded to generate $25billion and $50billion annually in the United States and Western Europe respectively. The good thing about this industry is that is has also been predicted to reach a market cap of $200million to $250million in the next 3 to 5 years.
We have seen many tremendous changes the previous years in this industry as there have been several international parking applications been developed to update users on parking information and this is a good evidence of the good potentials of the expansion of this industry.
The Problem
The parking and transportation industry is a very promising one but yet still much underdeveloped as there are lot of problems being faced by drivers globally most especially in the UK and United States.
The major problems being experienced by drivers are majorly loss of time and money in which the search for a convenient parking spot is accountable for the major loss of money by these drivers.
Listed below are some other challenges disrupting the development of this industry;
- Several unused parking spots caused as a result of lack of cooperation between the numerous companies and garages which uses their own different software and hardware
- Highly increased tail-pipe emissions that occur whenever there’s congestion which apparently leads to several health issues and
- Stressful searching and overpaying for parking spots.
The Solution is Here: PARQ
PARQ is a platform that is targeted towards revolutionising the transport and parking sector of the economy through its carefully developed and easy to use application.
The team behind this revolutionary platform is Parksen Parking established in Netherlands and has been functional since the year 2015 and has finally decided to go global as a result of integration with smart IoT devices and continuous development of the application.
This application being created by PARQ platform will afford its users the ability to get latest information on traffic situations and also allows users to know the best available parking spots nearest to them.
Parking spot companies and owners will have the opportunity of managing their available parking spots on Parksen platform just on one single interface and also get to advertise their available parking spaces at a specific time it is free.
This awesome application will also not only make drivers aware of the current traffic solution but will also allow them get access to prices of available parking spots around them and eliminate the issue of overpaying in parking spots.
The Modus Operandi of the Parksen Parking App
This App runs entirely on the cloud and has connection to several garages and municipalities through various APIs. The application maps the number of cars that have been parked in a spot and also predicts the parking spot activity for the next hour and weeks which serves as basis for analysis.
About Parq Token
Parq token is a utility ERC-20 based token which will serve as the fuel of the platform which be used as medium of payment within the Parksen app for all users and stakeholders. The total supply of the token is 1,000,000,000 with a price of 0.1$ per token during ICO.
Also, the team has in plan to dedicate 10%of its yearly profit to buyback the Parq tokens from exchanges in order to reduce its circulating supply.
In conclusion, Parq is on its way to reduce congestion rate in highly populated urban area via its App and IoT devices which is smart, affordable and energy efficient. Also with the experience and dedication of the team behind the platform, they will ensure tremendous improvement to the parking and transport industry.
For more information and enquiries, kindly check the links below;
Website
Whitepaper
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