ParkNSpotz offers an online chat-bot, hosted on major online messaging apps such as Facebook messenger and WhatsApp, where we connect people looking for parking with people who have parking to offer. Hence our slogan,
"Save time when you need it. Earn cash when you want it."
Essentially, anyone who has an unused driveway can rent it out to a person who is looking for parking.
ParkNSpotz analyzed the problem that there are not enough parking spaces in certain areas. However, there might be enough unused parking opportunities where homeowners could potentially rent out their space for anyone who would otherwise keep circling the block to find street parking.
It is our vision that we can offer a solution to this problem, by giving home-/business owners the option to list their unused driveway on our web/app platform; powered through our blockchain & chatbot technology the transactions will be fast and highly secure.
Cities are making millions of dollars every year due to parking violation citations. The numbers are growing and with more people moving to the cities the parking issue will just become more prominent. The jungle of parking signs is sometimes hard to understand, and people get confused, leading often to unexpected parking violations. We have learned that some cities get paid by private parking violation agencies to oversee the administration of parking violations - why? Because it is a money-making machine.
Our goal is to give people more options when it comes to parking, with a long-term vision to offer value added services such as electric charging stations operated by homeowners. Surveys have shown that someone might spend up to 13-32 min (during peak times) on average looking for parking which is also the cause for increased traffic and emissions. We at ParkNSpotz want to change that.
Beyond the service of providing parking solutions ParkNSpotz wants to establish itself as part of a total transportation service solution provider ecosystem; initially we will kick this off by providing an easy tool for anyone who is looking for parking, and for anyone who wants to make some extra cash with their unused driveway. Our advantage will come of the technology that we use to build our platform on, using blockchain & chatbot technology. Through these technologies we will open the doors to value added services, such as giving the provider the option to offer power supply for electrical vehicles.
The parking industry is a multi billion dollar industry in the US; however, so is the parking violation enforcement industry. Very often, do drivers find themselves in some sort of a parking sign jungle - signs are just confusing, and at times the "no parking" area is not very well marked either. Especially when you are short on time, some drivers feel the frustration of not finding parking and take their chances by parking curb side. Numbers show that there are many drivers out there who take the risk. For example, our data has shown that in Atlanta alone there were ~240,000 parking tickets (2014) which amounted in a total revenue of $20,000,000 for the city, it's jurisdiction services and any other service providers involved. Our goal at ParkNSpotz is to help drivers who do not want to keep paying for these parking violation tickets. If we estimate to turnover about 5% of parking tickets to a successful transaction on the ParkNSpotz platform, we could get about 12,000 transactions in Atlanta alone/per year for ParkNSpotz. Ticket violation numbers for other US cities were even higher: New York (2013): 6,000,000 San Francisco (2015): 1,300,000 Los Angeles (2017): 2,500,000