IoT BlockChain platform: Smart Parking Pairs With Cybercurrency Payment

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IoT BlockChain platform: Smart Parking Pairs With Cybercurrency Payment

NetObjex Inc, an IoT BlockChain platform company based in Irvine, CA, , recently demonstrated a first-of-its-kind smart parking payment solution using the IOTA decentralized network and cryptocurrency.
NetObjex demonstrated the solution at the IOT Developer’s Workshop organized by Advantech, a leading manufacturer of Internet of Things LoRa solutions, in Santa Clara, California. Also participating in the event was PNI Sensor Corporation, of Santa Rosa, California – the world’s foremost expert in precision location, motion tracking, and fusion of sensor systems into real-world applications.
The demonstration showcased the ability for automobiles to autonomously pay for parking through the integration of crypto wallets. The Smart Parking solution utilized PNI’s PlacePod smart parking sensors for accurate, real-time vehicle detention and location of available parking spaces.

Communications between PlacePod sensors and the cloud leveraged Advantech’s LoRa Solutions – M2.COM standardized LoRa IoT Sensor Node WISE-1510 and LoRa IoT Gateway WISE-3610. In addition, car to parking meter communications utilized the Bluetooth Low Energy technology with Digital Short Range Communication (DSRC) versions planned in the future. Completing this sophisticated architecture was the use of the IOTA decentralized network by the NetObjex platform as a distributed ledger for enabling device Discovery, Authentication, Communication and Transactions.

Our goal in organizing the IoT Developer’s Forum is to engage the developer community in leading edge solutions that exercise all of the capabilities of our M2.COM architecture, and multi-protocol approach in enabling IoT solutions

stated Shawn Jack, Director of Sales & Embedded Ecosystems.

The smart parking solution is a practical demonstration of the NetObjex platform in bringing together state-of-the-art capabilities in the form of IoT sensor technology, LoRa communications, decentralized networks and cryptocurrency. Our partnership with Advantech, PNI, and IOTA augurs exciting possibilities ahead

said Raghu Bala, CEO of NetObjex.

Author: Tim Cole
Image Credit: NetObjex

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