Parking in Taipei is at a premium, with strict parking controls that are enforced by the city with heavy fines for illegal parking. In this environment, it is common for residents to rent out their personal parking spaces to commuters and visitors through apps from a number of different providers. To ensure that only authorized vehicles park in these spaces, Chunghwa Telecom has developed an NB-IoT powered smart lock that can be used to prevent unauthorized parking. The lock is bolted to the floor and can be raised or lowered remotely. Chunghwa Telecom is aiming to create a new market with the smart lock, as limited parking resources across Taipei can be utilized more effectively to meet growing demands for parking with the use of this technology.