PARKGENE is a convenient and secure way to find parking, connect drivers, individuals and businesses. Vision is to disrupt the traditional parking industry, sized at $100 Billion annually, and to provide drivers with a better parking experience, while helping cities become smarter and environmentally friendly. GENE token is the currency for the automotive industry, allowing drivers to pay for parking and integrating it with mobility services, vehicles, and automotive infrastructure.
PARKGENE enables Drivers to Conveniently and Cost-Effectively Book Parking Spots Directly from Individual Parking Space Owners.
Starting from enabling peer-to-peer Airbnb-like parking services, PARKGENE’s mission is to create an ecosystem which connects the entire automotive industry in a mesh marketplace network that uses GENE tokens as the means of transaction.
Parking in large cities can be a burden on drivers and on the cities themselves. Drivers spend nine minutes on average driving around in circles looking for a parking spot, creating traffic, while one in three drivers fails in securing a convenient spot.
Existing platforms operate as parking industry intermediaries that charge a premium for their services. At the same time, a peer-to-peer parking economy is not fully implemented, because intermediaries remain as arbitrators. Additionally, tax regulations restrict direct payments using fiat currency between individuals.
Using blockchain technology PARKGENE overcomes these roadblocks and allows drivers and parking owners to engage in a smart contract.
PARKGENE’s decentralized technology supplies new untapped parking spots in crowded cities by enabling seamless integration of all competing parking technology solutions offered by the industry, thus creating a functional marketplace.
Building a peer-to-peer parking community through blockchain technology and the use of GENE tokens as a flexible means of payment create an easy, accessible, transparent, cost-effective way for drivers to find parking spaces and for parking space owners to make extra income.
Establishing GENE Tokens as a parking industry means of transaction will attract other relevant industries (car insurance, tolls, automotive services, etc.), to use PARKGENE’s distributed ledger technology and start accepting GENEs for payments.
Leveraging all the advantages of smart contracts, circumventing intermediaries and paperwork, PARKGENE is ready to revolutionize the parking industry.
PARKGENE is an operational fork of PARKGURU, a successful parking booking platform focused on municipality and professional parking spots. The PARKGURU platform is already successful and operational with more than 50,000 users serving Europe and the US. The team consists of more than 30 developers.
PARKGENE has cloned PARKGURU technology to create its own version of peer-to-peer parking booking but has also expanded it by the addition of smart sensors, remote controls and Artificial Intelligence algorithms to make PARKGENE a best-of breed application. Additionally, implementation of cryptocurrency payments and GENE Tokens is already in development and expected to be released within a month from the end of the Token Sale.