Trive.park: revolutionary parking app that uses IOTA’s Tangle

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  1. nstratz

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    “A central element of our smart parking system is the communication between the trive.park app and the car park barrier system,” explains Alexander Süssemilch, trive.me product owner. The barrier system is opened and closed via Bluetooth, straight from the app. The app solution means that drivers can avoid the hassle of parking tickets or other access media. Another new feature is that, thanks to trive.park, the customer can book special, individual parking offers and discounts in the car park of their choice with just a few clicks. This booking is directly input in the car park’s software, guaranteeing that a space will be kept free for the selected period.

    IOTA’S Tangle distributed ledger technology is open-source and fee-free, solving the problem of traditional, prohibitively high transaction costs from traditional payment service providers. Payments are processed in the background via the IOTA cryptocurrency, which is currently considered to be one of the most promising technologies in the field of micro-payments. IOTA is geared to automated communication and payments between IoT devices. Together with other partners trive.me qualifies this new decentralized service for the automotive industry.”

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