The Connex building in Munich, a four-story modern office block.
SmartCitiesWorld

Cap-and-trade the public realm

Connex Buildings, a central Munich property owner, is deploying a system of incentives that will urge workers to optimize parking space allocation using a digital currency, with rates negotiated by an intelligent software agent. "Users are incentivised to reduce their individual traffic to the Connex offices through a reward system which is measured by utilisation of parking spaces. Each registered user, who is a regular car park user, will be rewarded with a certain amount of tokens per minute for not parking at the parking lot. As soon as a car or its related wallet address is registered as parked by the car park AEA, the token airdrops to this wallet stop."

This points towards a future where property owners, local governments, and other facilities stakeholders will be able to create market based cap-and-trade systems for allocating any number of scarce resources and aligning over all consumption and performance with policy goals. However, it may also unleash undesirable attempts to game or manipulate the systems as well.

Source: smartcitiesworld.net
Sector
Civic Solutions
Built Environment & Real Estate
Tags
digital currency
data governance
markets