Jaguar Land Rover to let drivers earn cryptocurrency by sharing data

JLR has partnered with German non-profit the IOTA Foundation to provide the currency and help handle payments using its disrupted ledger technology.

On Sunday, reports emerged that JLR was considering a bid for taxi firm Addison Lee in an effort to compete with digital rivals and establish itself in the self-driving vehicle space.Owners of cars made by Jaguar Land Rover will be able to earn cryptocurrency as they drive by enabling their vehicles to report "useful" data.

JLR has partnered with German non-profit the IOTA Foundation, which helps businesses establish digital protocols, to provide the currency and help handle payments using its disrupted ledger technology — a system like the blockchain that enables cryptocurrency transactions. The technology is currently being trialed at the JLR software engineering base in Shannon, in the Republic of Ireland, where several vehicle models — including the Jaguar F-PACE and Range Rover Velar — have been equipped with the smart wallet.

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Jaguar Land Rover planning to allow helpful car drivers to earn cryptocurrencyJaguar Land Rover, Britain's largest auto manufacturer, said on Monday it i... Witness the 1% ers LAUNDROMAT IOTA is a scam, ask the smart people that work on Bitcoin and they will tell you. Also people being paid to share data that would most probably involve other people on the road sounds a bit like 1984 to me. If Google offers to pay you to keep your GPS on all the time would you? Stock pump
Source: Reuters - 🏆 2. / 97 Read more »