Recently, not a single day is wanting without news that a new application based on blockchain technology like IOTA has been found. Moreover, this technology is being adopted not only by investors, financiers, and businessmen. Blockchain is used by the most authoritative international organizations like the UN and the EU.
Welcome The First Use Cases For IOTA in Digital Parking
A video of the first use cases for IOTA has appeared online. Thus, machine to machine micropayments allows car drivers to pay for Digital parking in Braunschweig, Germany with IOTA token MIOTA.
#Digitalparking in Braunschweig, Germany! Pay for your parking with #IOTA using Machine to Machine micropayments, Base payment on to the minute parking time! Video by @asuessemilch. #trivepark #syncopark #edag #smartparking pic.twitter.com/qJ1hTaDGxl
— IOTA News (@iotatokennews) February 6, 2020
The trive.park application, which was announced in August 2019, manages payments. While users make payments using traditional methods, the application uses IOTA Tangle for internal processing of user payments. This app automates interaction with the parking service provider for each booking case.
The introduction of an IOTA system focused on payments between IoT devices solves the problems associated with the excessively high cost of microtransactions with traditional payment service providers.
The IOTA solution allows users to pre-reserve parking and pay through the application by contacting the barrier system using Bluetooth technology on the smartphone. The system eliminates the difficulties associated with finding places and using paper tickets to pay for their stay. At the same time, the app provides multi-story fleet operators with a way to digitalize their business.
The innovative system allows you to provide an individual experience for each user, who now has the opportunity to book certain places, as well as take advantage of exclusive offers and discounts.
Smart City Development For Trondheim
The latest news in this sector is the Smart City project, which is being implemented with the support of the European Union. For 5 years, an experiment will be conducted on introduction into certain regions, including Trondheim. The IOTA Foundation talked about the trials in this city in its latest press release.
IOTA is becoming one of the projects that will take part in the creation of a smart city. An initiative called Data Marketplace was launched in 2017.
The release stated that Trondheim is strengthening its partnership with IOTA Foundation to batter sustainable development goal challenges in smart cities. Appointed by the UN in Geneva in 2019, Trondheim municipality is a UN Center for Sustainable Development.
The concept of a smart city is designed to search for and the subsequent widespread use of innovative solutions, specialists intend to use the IOTA blockchain to optimize communication between various devices with an ecological and sustainable urban environment.
The cooperation agreement was signed on February 5, 2020, by the mayor of the municipality of Trondheim and the IOTA at a ceremony in Trondheim, Norway.
At the moment, the UN Economic Commission for Europe (UNECE) together with the UN Global smart city program is focusing the “United 4 Smart Sustainable Cities (U4SSC)” around Trondheim’s work to build and educate the world on how to achieve the UN’s sustainability goals.
“In order for thousands of cities around the world to reach the UN SDG, they will need solutions delivered from these companies. We look forward to contributing, through the UN Center, to highlight and grow the unique capability these companies represent, in both national and international arenas,” the head of the UN Center, Kristian Mjøen, said.
UN Implements IOTA Solutions
This is not the first application of it for a program of international organizations. In May 2018, it became known that the management he entered into a partnership with the IOTA Foundation.
The main goal of the joint activity is to study the possibility of blockchain to increase the efficiency of the services and to provide higher efficiency in the tracking of documents on the supply chain and transaction payments in real-time.