DEMO – Car pays for own parking using IOTA ( Machine to Machine ) – Part 1

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Github repository will be made public after Sep 15, 2019.

Keeping Sustainable Development Growth (SDG) in mind and changing model of how tomorrow’s auto industry will evolve, we need an efficient, faster and secured way to look for parking spot as well as a mechanism for the cars to make parking transactions without any human interaction. Yes, we need machine to machine money transfer!

I have built a prototype on IOTA platform. IOTA is a distributed ledger based open source network, which is ideal fit for secured and trusted micro-payments. Unlike other blockchain networks such as Ethereum, there is no transaction fees (mining fees) in IOTA.

Post Author: CoinCryptoNews