Jaguar land rover upchain, 75 billion devices are expected to be connected to the IOTA blockchain

According to Cryptoglobe on April 29reportsJaguar land rover, a wholly owned subsidiary of jaguar and land rover, which designs, manufactures and markets jaguar and land rover products, has launched test software that gives its drivers IOTA cryptocurrency as a reward for sharing data.

Jaguar land rover (JLR) is working with the IOTA foundation to develop "smart wallet" technology that USES IOTA tokens as rewards to encourage drivers to automatically report valid data, BlockBeats understands. In addition, another way land rover drivers get IOTA is through the divisionThe machine's vehicles participate in the carpool travel project. driversThe IOTA tokens can be used to pay for tolls, parking and charging electric cars.

JLR says the technology aims to help "achieve zero emissions, zero accidents and zero congestion". The software is being developed at the company's software development center in Ireland, and blockbeat learned that JLR engineers have now equipped several vehicles, including the jaguar f-pace and range rover Velar, with "smart wallets." However, it is not clear that the technology is suitable for commercialization.

Dominik Schiener, co-founder and co-chair of IOTA, said:

"Smart wallet technology... can be easily adapted to all new cars. IOTA wants to be able to connect with all participants.

According to BlockBeats, "JLR expects to have 75 billion devices connected to IOTA's network by 2025, and transactions will be faster because there are no operating costs." The report says JLR drivers "will also be able to top up their virtual wallets in more traditional ways".

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