NetObjex Demonstrates Decentralized Smart Parking Solution With Cryptocurrency Payment

Original post: https://www.prnewswire.com/news-releases/netobjex-demonstrates-decentralized-smart-parking-solution-with-cryptocurrency-payment-300568290.html
All credits to: Dhaval Shah

IRVINE, Calif., Dec. 7, 2017 /PRNewswire/ — NetObjex Inc, an Irvine, CA-based IoT-BlockChain platform company, 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.

“PNI was excited to partner with Advantech and NetObjex to highlight some of the advancements in smart parking technology, and how developers can leverage real-time parking data from our PlacePod smart parking solution to improve other services such as mobile payment,” stated Robin Stoecker, Director of Marketing at PNI Sensor Corporation.

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.

About NetObjex

NetObjex is an innovative IoT-Blockchain application enablement platform provider for managing digital assets with applications in Transportation, Manufacturing/Industry 4.0, Supply Chain and Logistics, and Smart City ecosystems.

About Advantech

Advantech is a leader in providing trusted innovative embedded and automation products and solutions. Advantech offers comprehensive system integration, hardware, software, customer-centric design services, and global logistics support.

For more information regarding WISE-3610 LoRa IoT gateway, WISE-1510 M2.COM LoRa Sensor node and WISE-DK1510 LoRa Node Starter Kit, please contact your local sales person or visit the Advantech website (www.advantech.com) for more details.

About PNI

PNI is the world’s foremost expert in precision location, motion tracking, and fusion of sensor systems into real-world applications. PNI’s sensors and algorithms serve as the cornerstone of successful IoT projects and other mission-critical applications where pinpoint location, accuracy, and low power consumption are essential. To learn more, please visit www.pnicorp.com.

6 Replies to “NetObjex Demonstrates Decentralized Smart Parking Solution With Cryptocurrency Payment”

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