Porsche applies blockchain technology to parking payment automation

According to the Pacific Auto Network, Porsche said that it will use blockchain technology to record and collect parking fees in the future. Such technology will automate small transactions, reduce driver's payment time, and bring cashless transactions to the parking lot. The principle of operation of this technology is that Porsche will use the RFID card, the owner can use the card to enter the parking lot, the sensor of the parking lot will identify and calculate the entry and exit time of the owner, and finally obtain the time record and owner identification. Information, generate an accurate bill amount, and send the amount to the user-specified blockchain wallet to deduct the fare.