Jaguar could pay you every time you drive your car
Your driving data is important and Jaguar Land Rover wants to pay you for it. And the company will use it in a surprisingly worthwhile way.
Jaguar is willing to pay you to drive your car and it is all about connection, according to the British maker.
The company will pay drivers in cryptocurrency for providing road data including traffic conditions and pothole locations. The data will then be passed on to navigation companies and local authorities to help improve traffic flow and expedite road repairs.
Jaguar Land Rover (JLR) is developing a “Smart Wallet” to hold the cryptocurrency. It will allow users of connected cars to pay for a range of products including tolls, parking fees and electric vehicle charging.
JLR enlisted financial tech company Iota to develop a “distributed ledger”, allowing micro transactions between connected devices.Payments via this method incur no transaction fees and can be done faster than conventional methods. Iota believes there will be more than 75 billion connected devices by 2025.
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