Blockchain parking

Blockchain parking

Scott Fitsimones is an entrepreneur and innovator who is making waves in both the parking and urban development industries. His two companies, AirGarage and CityDAO, are using cutting-edge technology, including blockchain, to revolutionize the way we think about these sectors.

The problem of parking

Parking is a common problem in many cities around the world. With the growing number of cars, increasing population, and limited space in cities, finding parking is becoming increasingly difficult and time-consuming.

Lack of parking spaces leads to traffic jams on the streets, increased air pollution, and increased carbon dioxide emissions. In addition, some drivers park on sidewalks or in areas where parking is prohibited, which leads to safety violations and obstructs pedestrians.

To solve the parking problem, many cities have adopted various methods, such as the construction of parking zones, the use of electronic parking management systems, and the development of public transport. Also, a number of cities are introducing ecological zones with restricted access of cars to the city center, which helps to reduce the number of cars on the roads.

In addition, some cities are actively developing the use of new technologies, such as unmanned vehicles and delivery drones, which can reduce the number of cars on the roads and reduce the need for parking.

In general, parking is a serious problem in many cities around the world, and requires a comprehensive approach to solve it. However, modern technology and new approaches to the organization of the transportation system can help cope with this problem in the future.

Scott Fitsimones is an entrepreneur and innovator who is making waves in both the parking and urban development industries. His two companies, AirGarage and CityDAO, are using cutting-edge technology, including blockchain, to revolutionize the way we think about these sectors.

In addition, blockchain technology is most often used to perform cryptocurrency transactions. Such transactions occur when a user sends coins from his or her crypto wallet address to another user or service. Given the evolution of technology, such users need to have a reliable decentralized wallet (DeFi). DeFi wallet are the loyal companions of cryptocurrency holders who care about protecting their assets.

The problem of parking spaces is widespread all over the world and every year the problem grows arithmetically, along with the growth of the number of vehicles.  For example, in Philadelphia there are more than 2 million parking spaces for 1,6 million inhabitants, in New York – 1,85 million for 8,5 million inhabitants, in Seattle 1,6 million for 734 thousand inhabitants, in Des Moines 1,6 million for 212 thousand inhabitants.

CityParking SpacesResidents NumberNumber of Parking Spaces per Resident
Philadelphia2 million1.6 million1.25
New York1.85 million8.5 million0.22
Seattle1.6 million734 thousand2.18
Des Moines1.6 million212 thousand7.55

About AirGarage

AirGarage, founded in 2017, is a parking management platform that connects property owners with drivers who need a place to park. The platform allows property owners to list their available parking spaces, and drivers can easily find and reserve spaces through the AirGarage app or integrated navigation apps like Google Maps and Waze. AirGarage also provides management tools for property owners, including real-time occupancy data and automated payment processing.

Another benefit of the AirGarage blockchain is improved management of access to parking spaces. Management companies can set access rules, such as allowing access only to certain groups of users or limiting parking usage time. Using blockchain, access to parking spaces can be easily tracked and controlled, and usage fees can be automatically collected.

Another benefit of AirGarage blockchain is increased transparency and security of transactions. Using blockchain, an accurate and reliable database can be created that is accessible to all participants in the system. This allows for better accounting and process control, as well as payment security and user privacy.

In addition, AirGarage blockchain supports the use of cryptocurrencies to pay for parking spaces. This allows parking lot owners to expand their audience and attract customers who prefer to use cryptocurrencies.

AirGarage blockchain provides a number of benefits for parking space management, including process automation, access management, increased transparency and security of transactions, and support for the use of cryptocurrencies.

This makes it an attractive solution for parking lot owners, management companies and drivers who can get the most out of this technology. With AirGarage blockchain, it can save time, reduce costs, and improve the usability of parking lots. In addition, AirGarage blockchain can serve as an example for other projects that use blockchain to optimize various business processes.

Abouy CityDAO

CityDAO, on the other hand, is a decentralized autonomous organization that is using blockchain technology to create more equitable and sustainable cities. The organization is built on a decentralized decision-making process, and its members use blockchain technology to determine how to allocate resources and invest in community projects. CityDAO has launched several initiatives, including a program to install solar panels on rooftops and a project to create community gardens in underutilized spaces.

blockchain parking 3

Blockchain is a key component of CityDAO’s decision-making process. The organization uses smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contracts enable CityDAO to operate autonomously and transparently, without the need for intermediaries or centralized authorities.

Through blockchain technology, CityDAO is able to create a more democratic and equitable decision-making process. Members of the organization can propose and vote on projects, with the results of the vote recorded on the blockchain for transparency and accountability. This allows CityDAO to invest in community projects that benefit everyone, rather than just a select few. AirGarage is also exploring the potential of blockchain technology. In 2020, the company announced plans to create a blockchain-based parking validation system. The system would use smart contracts to verify parking validation, ensuring that drivers who receive validation are actually entitled to it. This would help prevent fraud and abuse of the parking validation system.

blockchain parking 2

Overall, Scott Fitsimones is using blockchain technology to create innovative solutions that benefit both property owners and communities. Through AirGarage and CityDAO, Fitsimones is demonstrating his commitment to using cutting-edge technology to transform the parking and urban development industries, making them more equitable, sustainable, and transparent.

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