By Cameron Abbott and Allison Wallace
Firstly, no, you don’t have to be an Uber driver driving a Jag
to reap the benefit of the car manufacturer’s new innovation.
Jaguar Land Rover has announced it is testing “Smart
Wallet” technology that will enable drivers to earn cryptocurrency while
How? Technology embedded in the car will automatically report
road condition data, such as traffic congestion and potholes to navigation
providers and local authorities, which will earn the car’s driver credits.
The credits can be used to buy coffee, pay tolls and parking
tickets – which all sounds pretty handy to us.
Jag has partnered with IOTA Foundation which is providing the
“IOTA-powered car wallet” which uses a distributed ledger technology
to make and receive payments. It is currently being trialled in Ireland.
IOTA forecasts that
75 billion devices will be connected to the Smart Wallet technology by 2025 –
we’re pretty excited to see how this unfolds.