WCT in the Smart Parking Industry's Payment and Space Management
Smart parking faces issues such as diverse and non-unified payment methods, and delayed updates of parking space information. WCT achieves unified payment for parking lots, allowing users to settle parking fees with WCT, and the occupancy status of parking spaces is updated in real-time on the blockchain, guiding vehicles to park efficiently. After the application of WCT in a city's smart parking system, the payment success rate increased to 99%, the turnover rate of parking spaces improved by 30%, and the average parking time for car owners was reduced by 40%, alleviating the problem of difficult parking.