Ever wished there was an automated system for payment of car parking fees that would not end up in overpayment?? Well, thanks to Carvertical your wish has been granted. The Lithuanian-based blockchain startup has unveiled a proprietary automatic car parking app that works without the driver?s intervention.
The app utilizes multiple cutting edge technologies of the Internet of Things (IoT), OBD-II interface and GPS. ?We?ve created a cute combination of OBD (on-board diagnostics) features, GPS tracking and IOTA Tangle possibilities. Everything is packed and served in a single user-friendly carVertical.CITY app which accepts payments in cV tokens,? carVertical CTO, Audrius Ku?inskas
The technologies are integrated seamlessly to power the apps function of automatically starting countdown when the car?s engine stops at a paid parking zone and stopping the countdown immediately the car is driven away from the parking spot.
The apps mechanism
The app starts and stops countdown automatically without manual intervention. This solves the problem of being overcharged for failing to remember to turn off your parking app after leaving the parking lot. With the carVertical. CITY app, a driver won?t have to download a new up every time they visit a different city as the app already works there.
To begin enjoying the service when the app is available for downloading, one will need to install the proprietary carVertical OBD device in the automobile. The device connects to the car tracker and will be responsible for tracking the cars important data and broadcasting them to the GPRWOX servers.
Upon successfully installing the device a driver will now download the CarVertical. CITY app and enjoy the automated parking service.
The App is a security measure in disguise; users can monitor their vehicles? status. They will also receive real-time notifications in case an unusual activity is detected.
Carverticle held successful ICOs in January 2018 selling on a decentralized model where car buyers obtain reliable data about vehicles they want to buy. The blockchain-based solution was meant to curb fraud and assist buyers in the decision making process as all necessary data on the car would be permanently stored in the blockchain?s distributed ledger.