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One of the world's leading automakers has joined the IOTA project, as reported by Reuters. New system will allow Jaguar Land Rover pilots to win crypto in exchange for important data
Jaguar Land Rover is developing a smart wallet system that will be pre-installed in its new models. It will allow drivers to earn IOTA tokens by allowing their vehicles to automatically transmit valuable data about issues such as traffic congestion or potholes to shipping providers or local authorities.
Drivers could also receive IOTA in exchange for their participation in carpool programs. The earned IOTA tokens can then be used to pay tolls, parking and charging electric vehicles.
According to co-founder and co-chairman of its board of directors, Dominik Schiener, "smart wallet technology … can be easily adapted to all new vehicles … IOTA wishes to allow the use of new technologies. interoperability with all these different actors.Jaguar piece, no BMW part, but a universal token for this machine economy ".
The company is testing cryptographic technology in its new software engineering base located in Shannon, Ireland. The engineers equipped the Smart Wallet with several vehicles, including the Jaguar F-PACE and Range Rover Velar.
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