British automaker Jaguar Land Rover (JLR) has announced plans to launch a "smart wallet software" that allows users to earn IOTA tokens as rewards for sharing driving data. This initiative aligns with JLR's vision of achieving zero emissions, zero accidents, and zero congestion.
How the Smart Wallet Works
Data Sharing Incentives:
- The software will be installed in JLR vehicles (currently tested on Jaguar F-PACE and Range Rover Velar).
- Users enable data-sharing features to report real-time road conditions (e.g., traffic jams, potholes) to navigation providers or local authorities.
Reward Mechanisms:
- Earn tokens for participating in ride-sharing programs or contributing driving data.
- Tokens can be used for tolls, parking fees, and EV charging costs.
Development Stage:
- Led by JLR’s software engineering hub in Ireland.
- No commercialization timeline confirmed yet.
Industry Perspectives
👉 Dominik Schiener, Co-founder of IOTA, emphasized:
"The smart wallet technology is brand-agnostic. We aim for interoperability in the automotive economy—not brand-specific tokens like 'Jaguar Coin,' but a universal token for vehicle-related transactions."
Blockchain in Automotive: Key Trends
- IBM’s 2021 Report: 62% of auto executives believe blockchain will disrupt the industry, particularly in secure data sharing and mobility services.
MOBI Alliance: Founded by BMW, Ford, GM, Renault, and IBM to advance blockchain for:
- Pay-per-use car services
- Autonomous vehicle data sharing
Recent Collaborations:
| Company | Initiative |
|---------|-----------|
| GM & BMW | Shared self-driving car data via blockchain |
| Volkswagen | Tracked cobalt sources for EV batteries using IBM’s blockchain |
FAQs
Q: How do users withdraw earned tokens?
A: Details pending; tokens are initially for in-vehicle ecosystem use.
Q: Is driver privacy compromised?
A: JLR states data is anonymized and shared only with consent.
Q: Will other car brands adopt this?
A: IOTA’s open-source framework allows cross-brand integration.