The Parksen services are divided between the real-time Parksen parking app – of which a modest MVP already exists – and the Green, Smart & Connected City Platform. Utilizing the Ethereum blockchain, smart contracts, a universal ledger and a variety of IoT devices, it aims to create a truly sustainable and intelligent city development platform. With the collected data, Parksen will be able to battle back against the ever-rising levels of traffic congestion and pollution that are damaging life in large urban metropolises and small cities alike. The Parksen parking app will use that same data to guide drivers to available and affordable spots, while municipalities, parking garages, companies and other users of the City Platform can use the data to improve their own infrastructures.

The PARQ token is an Ethereum-based ERC20 utility token which can be spent and earned within the Parksen parking app and the Green, Smart & Connected City Platform.