Blockchain helps determine 'green' parking price in Munich

Token reward airdrops hope to "Nudge" car users into more sustainable behaviors.

Ai, and blockchain solutions provider Datarella have announced the launch of a "Smart City" infrastructure trial in Munich, Germany, on Nov. 12.

The trial will be centered around the Connex Buildings business center in the city and will use a multi-agent blockchain-based AI platform to optimize parking space management at the building.

This is designed to encourage reduced car use, and hence CO2 emissions.

Autonomous economic agents will negotiate the "Price" of parking spaces between the operators and users.

Users will be rewarded for choosing less-popular parking spaces or not using the parking lot at all.

Rewards will come in the form of an airdrop of FET token to registered car-park users for every minute that their vehicle is not in the parking lot.

The number of tokens awarded per minute will depend on the amount of available space in the car park.

If the scheme can bring down car usage by 10% then it could see a reduction in CO2 emissions of 34,000 tons per year if scaled up across the whole city.

Ai recently launched a decentralized derivatives exchange, allowing users to gain exposure to both cryptocurrencies and commodities such as gold, silver and oil.