Here’s how it works:
You’ve parked in a public parking spot and gone into your favorite restaurant for lunch. When you are getting ready to finish lunch you go to ParkTag and let the app know you’re about to leave your parking spot and where it is.
Someone who is in the area and needs the spot will see that your spot is coming available. They go to the spot and wait for you to arrive and move out of the spot.
Once you pull out, they pull in, in what ParkTag calls the “Handoff”.
When the new person parks their car, they send you a thank you and voila they have a parking spot. Users can earn point by making the transactions as smooth as possible.
ParkTag is up and running in Europe where they say people love it. Things could be a lot different in Europe but I’m not sure that drivers in the U.S. have the patience to effectively use ParkTag. There’s a good chance that while you’re waiting for the spot you would block traffic and people would quickly become frustrated with you.
Without building immense scale people in the US aren’t going to understand that you reserved the spot via the app.
ParkTag doesn’t seem to have those problems in other countries. I’m very interested to see how it turns out if they do come to the US.
Check out the video interview and learn more about this great idea below.