Jake Davis
Coin Offerings
Published in
3 min readJun 10, 2018

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 will allow payments by credit card and FIAT currency, but the hope is to use their own cryptocurrency to give customers with the best payment choice available.

Photo by chuttersnap on Unsplash

On Parkres, users will be able to register parking spaces to rent out for a fee. The project draws on the success of crowdsourcing apps like Uber, Lyft, and AirBnB. They believe parking is an important aspect of day to day life, and want users to be able to capitalize.

The system has a smart notification service to give real-time alerts to customers about the available parking spots close to their destination. Traffic congestion is a big problem in the world. More vehicles in use than at any time throughout history. Parkres will solve problems like fuel consumption and air polution from unnecessarily driving…

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Jake Davis
Coin Offerings

Owner of two @Medium Publications: @WewoChro & @CoinOfferings