IOTA’s Tangle enabled ground-breaking Parking App

On 20^th August 20, 2019 trive.me developed an innovative parking app. The app is to make use of IOTA’s Tangle, which is a distributed ledger technology providing secure, open-source machine to machine micropayments functionality.

Smart Parking with trive.me Parking App

Drivers can book and pay for a parking slot in a car park before they start their journey. That’s not all, and drivers can also communicate with the barrier system on their Smartphone through the Bluetooth. There are data and payment platform where multi-story car parks can be digitized and the new digital businesses made available to drivers and other relevant partners through the apps and proper interfaces.

Trive.me owner, Alexander Süssemilch, stated that communication between trive.me and the car park barrier system is the cornerstone of the smart parking system. The intelligent parking app brings a solution to drivers as they can now avoid parking tickets and the hassle that accompanies the card. Moreover, a driver can book a private unique parking space through the app with just a few clicks. When you have booked a spot, you are sure that the area will be kept free for the reserved period.

Fee-free Parking Payment through IOTA Tangle Technology

Tangle distributed ledger helps solve the traditional problems of high transaction costs since the technology is open source and fee-free. The parking payments are made in the background through the IOTA cryptocurrency. The crypto is considered to be one of the most promising micropayments technology. IOTA is headed toward automated communication and payments. Trive.me and other partners have made this decentralized service appropriate for the automotive industry.

A step Towards Urban Mobility

The trive park app and the tangle technology brings us closer to trends such as urban mobility, eMobility, self-driving cars, among other new mobility services. In the future, there is the possibility of having organized parking in such a way that other services related to mobility are offered such as electric car charging.Heiko Herchet, the head of trive.me, stated the significance of the smart parking project saying that it is one step towards automated driving among other mobility services to come making it easier for the driver by relieving them of some tedious tasks such as registration and payments thus enhancing the driving experience and the quality of life.