In Munich started infrastructure of the smart city on a blockchain

At the end of November, 2020 in Munich started infrastructure of the smart city on the basis of a blockchain. It is supposed that its implementation will reduce use of cars by 10%, and emissions of CO2 by 34,000 tons per year.

The Cambridge laboratory of artificial intelligence Fetch.ai from Great Britain is engaged in creation of the decentralized network of machine learning for intellectual infrastructures. In partnership with the German supplier corporate Datarella solutions blockchain the Fetch.ai company began the first tests of infrastructure of the smart city in Munich.

In Munich started infrastructure of the smart city on a blockchain

Within testing of smart zoning of Munich under the name M-Zone of AI service on the basis of mnogoagentny blockchains will be used for optimization of parking resources in objects of a commercial real estate in the downtown. The AI agent in the car will contact the closest parking agents to find the next available place and to reserve it by the time of arrival. The same AI agent calculates payment and makes it for the driver when that leaves from the parking.

AEA Fetch.ai (independent economic agents) will support infrastructure of the smart city in Munich through the application which will independently approve "price" of parking spaces between owners of parkings and motorists. The price in "tokens" on the basis of blockchains will be placed on platforms of smart contracts, such as Ethereum. At the same time users can earn rewards in digital currency if they select less popular or demanded parking spaces. Carpark AEA determines remuneration levels taking into account the maximum use of resources.

The M-Zone project will help motorists to save time and money and also will lower a stress load on drivers who will be able to find parking spaces without problems. The city council will win thanks to optimization of traffic flows, and the environment - thanks to reduction of emissions of CO2.^[1]

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