The document describes a proposed smart car parking system using IoT technologies. Sensors in parking lots would monitor available spaces and cameras would automatically recognize license plates during registration. Parking data would be collected and analyzed to inform drivers of space availability and car status. The system aims to optimize parking utilization, increase safety, and decrease management costs. It could be implemented using a mix of local RF mesh networks and cellular connectivity. Potential business models for companies providing the IoT solution include revenue sharing, product-as-a-service, and transactional models. Key challenges involve ensuring reliable sensor and camera function amid interference and protecting privacy and data.