About ParkByte [PKB]:
The idea of this coin is to lay the foundations to give car park operators the platform to integrate with cryptocurrencies with ease.
I see Bitcoin as the tool that is trying to revolutionize the Financial Industry and it shouldn’t stop there. There are many other industry’s worldwide that could benefit from its technology.
ParkByte will be therefore specifically targeted at laying the foundations for processing parking transactions.
Currently Parking can be paid via many methods but I am yet to see a crypto related method.
In the UK we are able to pay for parking via Companies like RingGo (http://en.wikipedia.org/wiki/RingGo), they accept Credit Card, Premium SMS methods but not Crypto.
These type of companies have in the previous years been putting a lot of pressure on conventional coin and ticket machine manufacturers because their system is cost effective. Cobalt, RingGo’s parent have 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”.
After having worked in the Parking Machine Manufacturing Industry for 5 years, I can see there being a huge amount of potential for this coin, its unique iOS / Android APPs and the backend processing servers.
The coin will provide basic functionality, we could then explore maybe a type of CMS marketplace where developers sell their own themes, plugins etc. for the backend server used by the parking companies.
I have set out the basic process from setup to checking tickets here: http://www.parkbyte.com/the-concept/
There is a 2million PKB premine; this will only be used to pay for development work.
Please note, there are no partnerships/contracts/support at this present moment from any parking related company and I do not intend to build a $100k backend system; that will be for the marketplace/parking companies to build.
Coin Name: ParkByte
Total POW Coins 10,000,000 (8m+2m)
Block Reward: 90PKB
Block Time: 60seconds
Min Stake time: 1hour
Year 1 – 5%
Year 2 – 4%
Year 3 and onwards 3%
25m Total Coin
Link to original Bitcointalk Ann: