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ImageFIRST uses UHF RFID to manage client's linen inventory ••• SuperCom secures contract to deploy electronic monitoring suite in Idaho ••• Positive Proximity expands RFID, wearable beacon offerings ••• NetObjex demos IoT smart parking solution with cryptocurrency payment ••• Kerlink helps Proximus expand, densify LoRaWAN IoT network in Belgium.
By Rich Handley

NetObjex Demos IoT Smart Parking Solution With Cryptocurrency Payment

NetObjex, an Internet of Things (IoT)-blockchain platform company in Irvine, Calif., recently demonstrated a smart parking payment solution using the IOTA decentralized network and cryptocurrency. The firm presented the system at the IOT Developer's Forum, organized by Advantech, a manufacturer of Internet of Things LoRa solutions. Also participating in the event was PNI Sensor Corp., of Santa Rosa, Calif., which focuses on precision location, motion tracking and the 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 solution utilized PNI's PlacePod smart parking sensors for accurate, real-time vehicle detention and the location of available parking spaces. Communications between PlacePod sensors and the cloud leveraged Advantech's M2.COM standardized LoRa IoT Sensor Node WISE-1510 and LoRa IoT Gateway WISE-3610.

In addition, car-to-parking-meter communications utilized Bluetooth Low Energy (BLE) technology, with digital short-range communication (DSRC) versions planned in the future. Completing this 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," said Raghu Bala, NetObjex's CEO, in a prepared statement. "Our partnership with Advantech, PNI and IOTA augurs exciting possibilities ahead."

"PNI was excited to partner with Advantech and NetObjex to highlight some of the advancements in smart parking technology," stated Robin Stoecker, PNI's director of marketing, "and how developers can leverage real-time parking data from our PlacePod smart parking solution to improve other services such as mobile payment."

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