IoT and Blockchain to optimize and bring Efficiencies in Urban Parking
The increase in urban growth has to lead to increased pressure and expansion of infrastructure, which in turn has lead to various urban issues. For citizens, whether driving to work or for pleasure, commuting is not only time consuming but also makes it difficult to find parking spaces quickly. In many cities like downtown Raleigh,NC, parking violations cause vehicles to be towed and leads to disputes between the citizen and the city.
Our paper intends to resolve one urban issue at a time starting with parking. By leveraging advances in IoT technology to create smart parking lots and leveraging the trust, transparency and auditability that blockchain provides, we could bring efficiencies into the system, optimize the use of the available parking spaces and reduces settlement times and disputes.
The blockchain provides a system of record for vehicle operators and parking lot spaces, maintaining account information without disclosing the ownership of the accounts and parking spaces. Parking spaces are tokenized and exposed using smart APIs that are IoT enabled.
Vehicles operators can securely choose from various APIs to locate and secure parking spot. The identity of the vehicle operator is authenticated with both the blockchain and attached to the device managing the spot. The device managing the spot is able to spot the correct vehicle when it shows up for parking, and via smart metering, ensure customer is billed for the time consumed or time allotted or any other policy that the network provides. Upon departure, the vehicle operator is automatically billed amd the various agencies are compensation such as the lot owner, the city and any other third party services. An illegal vehicle entering a reserved spot is detected and appropriate agencies are alerted for removal of vehicle. The devices maintain evidence of usage or violation.
We believe, that IoT and Blockchain can resolve many other urban issues and the core of our paper is to discuss this specific use case and the relationship to other urban possibilities. We believe, that IoT and Blockchain can resolve many other urban issues and the core of our paper is to discuss this specific use case and the relationship to other urban possibilities.
CTO at Chainyard (An IT People Company) in partnership with StartoonLabs India.
Mohan Venkataraman is the CTO of Chainyard, a Morrisville, NC based Blockchain Consulting and Advisory Company. Hehas over 25 years of IT experience across various companies including Keane, MCI, Texas Instruments, Nortel Networks, Deloitte and VMWare where he has lead several multi-million dollar projects. In his current role he has helped establish Chainyard as a dominant player in providing Hyperledger-Fabric and Private Ethereum Solutions. His team has experience in building several supply chain solutions, many of them have been in the works for over 20 months and depoyed into production. Mohan i a blockchain evangelist and has spoken at various conferences including IBM Think.
Phanindra Murthy co-founder of Parkulus Solutions LLP
Phanindra Murthy is the co-founder of Parkulus Solutions LLP , which designs, builds product offerings for parking management providers and as well provides rich consultancy services for clients across globe. As a co-founder, he has participated in the Smart city projects to solve basic parking issues using Parkulus products in India and equally worked with EU,UK markets for solving off & on street parking issues using IoT & advanced technologies. His areas of expertise also includes software design, architecture and in building customer centric , cost effective and scalable products.
Government, Enterprise, Small / Medium Enterprise
#Iot, #Blockchain, #Urbanservices
CxO, Business Line Management
Government / Public Sector
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