Introduction

We are a young, innovative company driven by the passion for technology and customer satisfaction. We believe that the sharing economy can help cities become friendlier, cleaner and happier for everyone.

Improved Parking Solutions

• PARKRES let customer Find and Reserve parking spot on the click of a button
• PARKRES will help reduce traffic situations in downtown, hospitals and airports etc.
• PARKRES will help reducing fuel consumption and protecting environment.
• PARKRES system give smart notifications to customers, which provides real time alerts of all available parking spots and location around them.
• Easy mode of payment via PARKRES tokens and FIAT currency.
• Discounted parking rates with PARK tokens.
• Dividend plans for dividend token holders
• PARKRES let user register their open/free parking spot on PARKRES ecosystem and monetize their free space. Its like parking Airbnb

Challenges With Parking

Non User-Centric Design

Customer have to circle around parking in search of an open space, which results in significant loss of time, and energy in time sensitive situations.

Unmanaged and Unmonitored

Inefficient management and monitoring systems leading to waste of valuable time and fuel.

Payment takes too long

Long waiting queues for parking payment due to limited and inefficient payment consoles and technical problem.

Traffic Problems and Anti-ecological

Traffic issues due to secondary parking traffic in city centres. Unnecessary use of fuel causing environmental problems.

Solution

PARKRES solves all of these problems by state of the art sensory network to track and manage parking spots across the city and different parking locations. It employs IoT (Internet of Things) based sensory network to track and monitor the parking spots across different parking location and suggest you a parking spot closest to your destination in advance.

PARKRES also let you find and reserve your parking spot, so you don’t lose it when you reach your destinations.

PARKRES Network Components

Parking Cluster

It’s a mesh of multiple parking facilities across a city. Each city is divided into a cluster. Similarly there will be multiple clusters for different cities. Each cluster will talk to a dedicated gateway and network server. These parking clusters will be equipped with IoT sensors and transponder network, which communicates parking spot change events to gateway.

Parking Console

It’s a electronic device that would read Universal Identification Number from user’s device. UIN will be in the form of a QR code. User’s PARK wallet address will serve as their UIN on Parkres network. Parking Console will scan the UIN and presents a touch screen with available parking spot for selection and reservation. Once User selects a spot, a transaction will be triggered to contract on blockchain.

Cloud

Data center will be hosted on cloud. It will store the metadata and transactional data received from different gateway modules and software components. Data is stored and read from cloud via big data, queryplex framework. This will serve as a source for Business Analytics and Telemetry for business development and expansion.

Smart Contract

PARK smart contracts, written in solidity, controls the transactions performed during parking reservation. Smart contract will hold the parking charges once the user scans UIN at the parking location or at the start of the reservation slot. When User leaves the parking spot, Sensors activates the network and triggers a confirmation to contract, contract then transfers the amount equivalent to parking time used to PARK wallet and reverses any access amount back to user wallet.

IoT / Sensor Gateway

Gateway is a device, which is capable of receiving all the IoT and Sensor communications. Sensor network from parking facility will communicate the event data to gateway. Gateway then feeds this to network servers in batches.

Adapter

Adapter is a software component, which provides capability of data transformation, orchestration, data enrichment, data translation, aggregation, routing and data massaging. Different devices on network talking different technologies can communicate through adapter.

Devices

Devices can be mobiles devices like iPhone, Samsung etc. or Desktop, Laptop, Tablets, which will allow users to perform parking discovery, reservations and required transactions.

Network Servers

Network Servers receives the data and events from different systems in the network and store them over to cloud. They form the backbone of the ecosystem. Every data transaction directly or indirectly goes through Network Servers.

                                        Token Sale Details

The PARKRES is conducting a crowdsale to raise funds for its platform development and expansion. The PARK token is an ERC20 compatible utility token that will fuel the PARK platform,

                                   Token Allocation

                               Token Sale Proceedings