KEY TAKEAWAYS
- The Casper Association and Americorp Investments are collaborating to revolutionize the US parking industry using blockchain technology.
- Americorp’s blockchain solution on the Casper Network aims to enhance transparency, trust, and auditability in parking transactions.
- The initiative plans to introduce tokenized ownership of parking assets, leveraging Casper Network’s capabilities.
- Americorp will test its blockchain solution in major US cities, with a broader rollout planned for 2026.
ZUG – May 14th, 2025 – The Casper Association and Americorp Investments have announced a new initiative aimed at transforming the US parking industry through blockchain technology. This initiative seeks to enhance transparency, trust, and auditability, with future plans for tokenized ownership of parking assets, utilizing the Casper Network.
The US parking industry is projected to generate $144 billion by 2030, with independent parking lots and garages contributing $11 billion annually. The industry involves multiple stakeholders, including parking lot owners, operators, third-party revenue channels, and tax authorities, all of whom require transparency to ensure proper cash flow distribution and accounting. Currently, technology providers manage these relationships in a fragmented manner, leading to a lack of transparency in cross-channel payments and costly audits by local governments.
Americorp’s blockchain solution, built on the Casper Network, aims to address these challenges by providing trusted data, faster payment clearing, real-time auditing, and eventually, tokenized ownership of revenue-generating parking assets. The company holds 52 issued patents and 25 pending patents related to parking technology and blockchain integration. Americorp is collaborating with Ocra Inc, a leading provider of parking revenue management software, to map data across APIs and offer this service to partners across the US parking industry.
Jordan Simons, CEO of Americorp Investments, highlighted the potential of blockchain technology to streamline parking transactions, resulting in faster and more accurate payment processing and significant savings in audit and regulatory processes. Simons stated, “Casper Network is the obvious choice of blockchain for this solution. It’s the only protocol that meets the needs of a real-world industry such as parking.”
With the recent rollout of Casper 2.0, the Casper Network is well-positioned to tackle the parking industry’s challenges. Its instant finality ensures transactions settle immediately, leaving a clear audit trail. The network’s upgradable contracts allow for adaptability to changing regulations, while its granular access rights and permissioning capabilities enforce the diverse roles of stakeholders in the parking industry.
Matt Schaffnit, CEO of the Casper Association, expressed a shared vision with Americorp for the future of decentralized applications, emphasizing the blend of cryptographically secured property rights, compliance, and real-world use cases. Schaffnit noted the potential for transparency and compliance through the tokenization of parking lots on the Casper Network.
Americorp plans to test its solution across multiple urban and airport parking facilities in major US cities in the latter half of 2025, with a broader rollout expected in 2026.
For more information, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
The Casper Association and Americorp Investments are collaborating to introduce blockchain technology to the US parking industry, aiming to enhance transparency and efficiency through the Casper Network.
The trend of integrating blockchain technology into traditional industries is gaining momentum. A recent Blocktelegraph article highlights the increasing adoption of blockchain in the US parking sector, aiming to streamline transactions and improve transparency. This aligns with the initiative by Casper and Americorp to leverage blockchain for enhancing operational efficiency in the parking industry.
Recent expert insights suggest that while blockchain is not yet a primary trend in the parking industry, its integration with technologies like AI and IoT is paving the way for future innovations. This supports the significance of Casper’s involvement in the parking industry, as it positions itself to capitalize on emerging technological synergies.
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