PARKGENE Makes Peer-to-Peer Car Parking a Reality with Blockchain Technologyhttps://cryptovest.com/news/parkgene-makes-peer-to-peer-car-parking-a-reality-with-blockchain-technology/
The PARKGENE project, which aims to simplify car parking issues via a peer-to-peer, blockchain solution.
The USD 100 billion auto parking market is finally ripe for digital transformation, and the PARKGENE ICO is in the middle of it. PARKGENE is a peer-to-peer network connecting drivers needing to park their cars with parking space owners who are not using the spot. It’s been called “Airbnb for Parking”, and it’s based on a proven platform with 50,000 users. Drivers will find it cheaper and faster to find a private parking spot than hunting for a public lot. Additionally PARKGENE enlarges the GENE ecosystem with the addition of GENE Wallet (a multi currency wallet for all your Cryptos) which is connected to a Debit Card for easy access to FIAT currency, backed by the value of your Wallet Crypto Portfolio.
Peer-to-peer parking projects have existed before PARKGENE, but the red tape involved in handling taxation and licensing doomed most projects from the beginning. Others floundered on the technological rocks and the rest were carried away by fundraising and scalability issues. PARKGENE, a wholly-owned subsidiary of Parkguru, is basing the technology on its already successful app. But what about the regulatory issues?
PARKGENE uses tokens (1 GENE = USD 0.1), and thus avoids the licensing and invoicing problems. At the same time, through building big from the beginning by means of the ICO, PARKGENE will raise the financial resources needed to park itself in cities across the globe.
