Digital Currency Revolution Series: Jaguar Land Rover’s Crypto Interests

As per the Reuters’ sources, the global automobile giant, the UK's largest car manufacturer and the subsidiary of India's Tata Motors, Jaguar Land Rover who designs, manufactures and markets of both Jaguar and Land Rover products, and tests software that enables drivers to earn the IOTA cryptocurrency as a reward for sharing data.

Apparently, Jaguar Land Rover (JLR) has collaborated with the IOTA Foundation to develop "smart wallet" technology that would reward drivers of its cars " with IOTA coins for actions such as enabling their vehicles to automatically report useful data, such as traffic congestion or potholes to navigation providers or local authorities."

The Reuters report also says that another way for drivers to earn IOTA is if the car is part of a ride-sharing program. The IOTA tokens earned by drivers "could be used to pay for tolls, parking and charging for electric cars etc." 

Blockchain as budding technology and cryptocurrencies as evolving currency system appear to be the most probable solutions to get rid of bottlenecks that exist in the current system. 

The lingering prospects among the Blockchain space has led the keen interest continues to mount everywhere, reputed institutions from Big 4 auditing firms to the central banks of advanced economies, from manufacturing to shipment companies have been exploring and investing into R&D projects of blockchain gamut.

Let’s glance at the FxWirePro’s Currency Strength Index: FxWirePro's hourly BTC spot index is flashing -66 (which is bearish), while hourly USD spot index was at shy above -48 (bearish) at 09:01 GMT.

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex