Parkgene help overcome parking problems

Increasing the number of human population and the addition of vehicles in the year setapnya make the streets in several major cities increasingly crowded. A number of acute problems also color the faces of big cities, such as traffic jams. Limited parking areas also add to the weight of the burden of the city bear the problems that already exist.

Parking problems that have not been solved not only harm the owner of the vehicle due to wasted time looking for parking lots and fuel consumption spent. Other street users can also be affected due to traffic jams caused by illegal parking or stacking vehicles on the streets. Not to mention, the level of stress that can also increase.

So, need a touch of technology to overcome them. Parkgene comes as a solution to this parking-related problem which uses Blokchain technology.

Introducing Parkgene

PARKGENE is a decentralized ecosystem where parking owners and drivers meet to conclude short-term or long-term parking rental contracts. PARKGENE, based on Blockchain Ethereum combined with smart contracts, will eliminate reliance on centralized systems among transaction participants, and will significantly reduce parking fees for drivers, while offering alternative revenue sources to parking owners. PARKGENE provides an innovative approach, openness, convenience and ease of use to enable the parking industry and its stakeholders to improve the quality of city life to a new level.

The ecosystem will appeal to individual, professional or city parking owners, who are involved in offering parking spaces, as well as to drivers. PARKGENE will create the most convenient and easy conditions for all platform users to achieve their goals. Furthermore, due to its decentralized nature, PARKGENE will offer all tools to customize and simplify all operations according to specific needs and requirements.

Parkgene aim to make parking in cities twice as easy and ten times as cheap. We will establish the GENE token as a payment method for the automotive industry, allowing drivers to pay for parking and integrating it with mobility services, vehicles and automotive infrastructure.

How does Parkgene Work?

Drivers looking for a parking spot meet virtually with parking owners through the PARKGENE app. The following diagram shows the different stages of a parking session completed on the PARKGENE platform and over the Ethereum Blockchain with smart contracts. Once a driver reserves a parking spot, the reservation triggers the PARKGENE smart contract on the Ethereum Public Blockchain.

The PARKGENE App transfers the full parking fee amount in GENEs from the driver wallet, to a depository (a temporary wallet). Should there not be enough GENEs balance in the driver’s wallet, the driver can use his credit card or other means of payment (Bitcoins, Ethers) to buy GENEs real-time and pay for the transaction.

Reservation and payment succeeded in providing additional App functionality to the driver and parking owner required to complete the actual parking session. For example, the driver will have the ability to open the garage door from his cell phone, while the owner of the parking is notified and monitored - in live video - the entrance and exit of the vehicle. This functionality is optional - albeit very helpful - and achieved through the integration of the PARKGENE platform with existing remote access tools available in the market, or the specific device PARKGENE will offer to the owner of the Parking Lot at very low cost.

Features Of the Parkgene

Reduction of High Parking Fees

Existing platforms, which are intermediaries in the parking industry, take a high percentage as a commission. At the same time, P2P Parking economy is not fully implemented, because there remains a middleman in the form of а booking service or agent that takes the role of а guarantor and arbitrator in resolving disputes and nonstandard situations. At the same time, several tax regulations restrict payment using FIAT currency from one user to another thus limiting the potential growth of P2P Parking economy growth in several places of the world. Research indicates that the world’s leading parking marketplaces charge a service fee of up to 20%[7] to the parking owner.

Trusted Reviews & Rating — Incentives and Bonuses

PARKGENE offers a system of bonuses that drivers and parking owners receive for making certain actions in the system: an identification process, a detailed description of the parking space, adding photos, writing reviews, etc. Putting ratings on the economic rails, will allow drivers to receive more profitable offers and save money.
The parking owners, receiving reviews and ratings, will be able to reach the full level of their real load much quicker and thus earn more money, since even lower-rated ads get higher rental loads than those which do not have reviews at all. For each feedback both driver and the parking owner will collect GENEs, which they can use in the future. The size of the bonus is determined by both the rating given by the opposite side as a review, and by the duration of use. Users will be able to receive up to 5% of the parking fees paid back in the form of bonuses instantly received after they perform an action in our ecosystem.

Security Measures

PARKGENE values the security of both the parking space owners (who provide access to their premises) as well as the drivers who park their cars. There are several measures we have put in place to manage all these security issues.

Account ownership and access

The most common security breach is when a scammer or other bad actor takes control of someone’s account by obtaining the password. Multi-Factor Authentication is implemented to prevent account takeovers. PARKGENE will require both hosts and guests when logging in from new devices to verify their identity with a second account, either via SMS or email.
In addition to multi-factor authentication, PARKGENE is also adding SMS alerts, Push Notifications and Email alerts to let people stay up to date about changes made to their account in the event a stranger has gained access and starts tinkering with settings.

Physical Access to the Parking Spot

Check-In Process : To provide additional security and increase the level of loyalty and trust between the driver and the parking owner. When the driver checks in, the parking owner (or the PARKGENE Service) gives the driver the “digital keys” (or the remote control) and uses the mobile application to either scan the QR code or even press the “Open Garage Door” button from the driver’s phone screen. This feature is optionally implemented with PARKGENE Internet Door Opener (PIDO) or any other world class garage door opener manufacturers such as Chamberlain, Nortec and others.

Check Out Process : When the driver departs from the parking space, the digital keys are deactivated, and the check-out is confirmed to the system. Monitoring and Auditing of Parking Session. Depending on the situation, the Parking Owner and the Driver may have access to video recording of the Parking session, which is securely stored for 1 year on PARKGENE’s platform and available to anyone who has the link and the authority to view it. This feature is implemented with the use of any Video Camerac connected with the parking space account and it is extremely helpful to
both users to resolve any issue that may arise.

Financial transactions

Financial transactions conducted over the PARKGENE platform are secured in multiple ways. PARKGENE offers high level of Wallet Security to both drivers and Parking Owners who transact with each other. All GENE Tokens including additional cryptocurrency (Bitcoin, Ether, etc.) stored in wallets are pooled and securely stored in different wallet layers such as Hot and Cold Storage Multi Sig Wallets so the risk of hacking is minimized PARKGENE parking session