Jaguar Land Rover reveals new ‘earn as you drive’ tech

JLR's ‘Smart Wallet’ software will provide drivers with monetary rewards for sharing information on traffic jams and potholes

Jaguar Land Rover is launching new ‘Smart Wallet’ technology that will allow drivers to earn cryptocurrency rewards as they drive. The system, which is currently being trialled at the company’s engineering base in Shannon, Ireland, enables cars to automatically report traffic congestion and poor road conditions.

The British firm claims that ‘Smart Wallet’ rewards earned by providing the information can then be used to pay for coffee, toll roads or parking fees, as well as charging tariffs for all-electric vehicles, eliminating the need for loose change or multiple payment accounts. Drivers will also be able to top-up the ‘Smart Wallet’ using conventional payment methods, such as a debit or credit card.

Jaguar Land Rover develops “trustworthy” autonomous cars

Jaguar Land Rover’s latest software development forms part of its ongoing Destination Zero strategy, which aims to achieve zero emissions, zero accidents and zero congestion. Connected vehicles will act as data gatherers for the cause, with the collected information being used to limit the amount of idling traffic and offer drivers alternative routes.

JLR claims its ‘Smart Wallet’ system will provide drivers with an incentive to work towards its 'Destination Zero' goals. Russell Vickers, Jaguar Land Rover’s Software Architect, said: “In the future, owners could choose to participate in a sharing economy – earning rewards from sharing useful data such as warning other cars of traffic jams.”

The British manufacturer speculates that payments to drivers could be issued by navigation providers and local authorities, both of which could use the information gathered by the scheme to improve their services.

To ensure the payments to and from the ‘Smart Wallet’ are secure, JLR has partnered with the IOTA Foundation, latching on to its ‘distributed ledger’ technology.

The system allows payments to be processed quickly without the need for third-party verification, and is forecast to include around 75 billion connected devices by 2025.

What are your thoughts on Jaguar Land Rover’s new ‘Smart Wallet’ technology. Let us know in the comments section below…

Recommended

'Bolloré's strategy is already having a good impact on Jaguar Land Rover'
Opinion JLR Thierry Bollore
Opinion

'Bolloré's strategy is already having a good impact on Jaguar Land Rover'

Steve Fowler says JLR CEO Thierry Bolloré's new approach is working wonders
24 Jun 2021
Exclusive: Jaguar’s luxury reinvention to start from £100k
Thierry Bollore - Jaguar I-Pace
Jaguar

Exclusive: Jaguar’s luxury reinvention to start from £100k

New boss Thierry Bollore reveals that Jaguar will be reinvented as a luxury car brand to take on Bentley, with the design of a new family already sign…
22 Jun 2021
Best 60s cars: the 30 greatest cars of the 1960s
Best cars of the 60s - header
Best cars & vans

Best 60s cars: the 30 greatest cars of the 1960s

The swinging sixties brought a vast array of unforgettable cars that would establish the path of the industry for decades to come. We pick our top 30 …
21 Jun 2021
Jaguar I-Pace review
Jaguar I-Pace - front
Jaguar I-Pace

Jaguar I-Pace review

The Jaguar I-Pace SUV is still one of the very best electric cars on sale
5 May 2021

Most Popular

'Formula E could be on course for victory in its battle with F1'
Formula E opinion
Opinion

'Formula E could be on course for victory in its battle with F1'

Mike Rutherford thinks there can only be one winner out of Formula One and Formula E
1 Aug 2021
New Dacia Duster facelift priced from £13,995
Dacia Duster facelift - front
Dacia Duster

New Dacia Duster facelift priced from £13,995

The Dacia Duster has been updated for 2021 with subtle design tweaks and a new eight-inch infotainment screen
2 Aug 2021
New 2021 Kia EV6 boasts up to 328 miles of range
Kia EV6 - front
Kia EV6

New 2021 Kia EV6 boasts up to 328 miles of range

Kia reveals more specs for its bespoke electric car, with the EV6 offering long range and an 18-minute 80 per cent rapid recharge time
21 Jul 2021