Sign In

Communications of the ACM

ACM TechNews

Jaguar Land Rover Planning to Allow Helpful Car Drivers to Earn Cryptocurrency


View as: Print Mobile App Share: Send by email Share on reddit Share on StumbleUpon Share on Hacker News Share on Tweeter Share on Facebook
Coins of the IOTA cryptocurrency.

Automaker Jaguar Land Rover is testing software that will allow drivers of its vehicles to earn cryptocurrency in exchange for sharing data.

Credit: cryptocurrenciescoin.com

U.K. automaker Jaguar Land Rover said it is testing software that will allow drivers of its vehicles to earn virtual currency as an incentive for sharing data.

The company's so-called "smart wallet" technology will be installed in cars to reward drivers with IOTA tokens when they let their vehicles automatically disclose helpful information, like traffic congestion, to navigation providers or local authorities.

The IOTA cryptocurrency uses a distributed ledger technology, allowing people and machines to transmit money and data with no transaction fees, as its platform.

IOTA co-founder Dominik Schiener said, "IOTA wants to enable interoperability with all these different players. So there is no Jaguar coin, no BMW coin, but one universal token for this machine economy."

From Reuters
View Full Article

 

Abstracts Copyright © 2019 SmithBucklin, Washington, DC, USA


 

No entries found