NetObjex Demos Smart Parking with Cryptocurrency Payment

By Ken Briodagh December 21, 2017

NetObjex Inc, an Irvine, CA-based IoT-BlockChain platform company, recently demonstrated a new smart parking payment solution which uses the IOTA decentralized network and cryptocurrency to take payments.

NetObjex demonstrated the solution at the IOT Developer’s Forum organized by Advantech, a manufacturer of Internet of Things LoRa solutions, in Santa Clara, California. Also participating in the event was PNI Sensor Corporation, of Santa Rosa, California, a precision location, motion tracking, and fusion of sensor systems company.

The demonstration showcased automobiles to autonomously paying for parking through the integration of crypto wallets. The Smart Parking solution used PNI’s PlacePod smart parking sensors for accurate, real-time vehicle detention and location of available parking spaces.

“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,” said Shawn Jack, Director, Sales & Embedded Ecosystems.

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 occurred via 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.

“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, NetObjex.

The solution provided further evidence of the digital transformation in the transportation sector, and the interplay between various advanced technologies in bringing about effective change.

Ken Briodagh is a writer and editor with more than a decade of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh

Editorial Director

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