ParkByte (PKB)

The idea of this coin is to lay the foundations to give car park operators a platform to integrate with cryptocurrencies easily.

I see Bitcoin as a tool trying to revolutionize the financial industry, and it shouldn’t stop there.

Many other industries worldwide could benefit from its technology.

ParkByte will specifically focus on laying the foundations for processing parking transactions.

Currently, parking can be paid via many methods, but I have yet to see a crypto-related method.

In the UK, we can pay for parking through companies like RingGo, which accept credit cards and premium SMS methods but not cryptocurrency.

These types of companies have, in previous years, put a lot of pressure on conventional coin and ticket machine manufacturers because their systems are cost-effective. Cobalt, RingGo’s parent company, has now “securely processed over £1 billion” for “4,000 sites across the UK, by more than 60 local authorities, 10 railway operators, and numerous private parking operators.”

Having worked in the parking machine manufacturing industry for five years, I see huge potential for this coin, its unique iOS/Android apps, and the backend processing servers.

The coin will provide basic functionality, and we could explore a type of CMS marketplace where developers sell their themes, plugins, etc., for the backend server used by parking companies.

I have outlined the basic process from setup to checking tickets here: parkbyte.com/concept

A 20% PKB premine will only pay for development work and an adoption fund.