Photo by H E N G S T R E A M on Unsplash

A new, revolutionary service hopes to save time, hassle, fuel and traffic congestion. Parkres is a state of the art sensory network that tracks and manages parking spots. They hope to reinvent the parking industry by employing IoT based sensory networks on the blockchain to track parking locations and suggest the best available spot for you.

Parkres is a cryptocurrency that allows you, the customer, to make parking reservations online, by phone, or monthly subscriptions. The system…