Parking tends to be an issue with most medium and large-sized cities. With real estate being finite, the developers tend to build revenue-generating structures (e.g. apartment or office buildings, or malls). These generally generate much more revenue than a simple parking lot. The owner-occupied properties tend to minimize the parking area, as it removes potential office space for their workers. With these limitations, it is easy to understand how parking has become an issue. Computer systems are able to make our lives easier, and this is no different. To resolve this issue, two companies in different fields came together. Fetch.ai and Datarella, in AI and blockchains, were the partners. Their project, being tested in Munich, used AI to optimize parking. This ties nicely into the smart city concept. the program helps to move vehicles to the optimal spots, removing the waste of time and resources (e.g. gas). This also has the extra benefit to the other drivers of removing cars driving when they wouldn't need to, easing congestion. Blockchain comes into play as this is a decentralized network. The decentralized network works to split complex tasks within the network. This is only the first step. The companies are planning other projects to continue the application.
Sunday, January 3, 2021
Friday, January 1, 2021
Blockchain's application with agri-food
The world's population continues to grow at an astounding rate year after year. Every person on the planet needs to eat and consume yet more resources. One area this has particularly affected and stretched resources have been the agri-food business. There is a limited amount of land to grow all the food we need, across the globe, consumed every day of the year. While this problem isn't going away and is only getting worse, there is assistance available. One area this may assist with is improving the digitization of the supply chain. Granted a portion of this is done through the legacy accounting systems. By bringing in blockchain, there will be a greater level of transparency with the products. Anyone along with the supply chain and others may track the product, and know where the food originated, as well as the processing points. As a tangent with the data on the blockchain, the potential for fraud with the food's data is minimized.
Blockchain; it's not just for medical systems
AI and blockchain assists with smart parking
Parking tends to be an issue with most medium and large-sized cities. With real estate being finite, the developers tend to build revenue-g...