Soon Jaguar Land Rover will reward users with crypto money for sharing information about road conditions. It includes real-time info about any accident occurred on any route or a massive traffic jam. Users can also report the weather conditions of an area. The local authorities will collect this info about road conditions. Basically, this system goes by the moniker smart wallet technology. The users can redeem the crypto money reward for buying coffee, paying parking charges, tolls, etc.

According to the automotive, they are teaming up with IOTA foundation and this move is a part of it. Their primary target is to achieve zero emissions, zero accidents, and zero congestion. Naturally, real-time data will definitely come in handy to achieve this goal.

The vehicles will make use of the internet of things (IoT) sensors to provide data. Then the real-time data will upload to IOTA’s distributed ledger Tangle. The system will, of course, make use of blockchain technology. This proposed system is being experimented and tested at the company’s software center in Shannon, Ireland. Currently, the automotive is testing the smart wallet feature on Jaguar F-Pace and Range Rover Velar. As of now, there is no fix on any date for the public release of the system.