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Jaguar Land Rover planning to allow owners to earn cryptocurrency

Jaguar Land Rover, Britain's largest auto manufacturer, said on Monday it is testing software that will allow drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data. The company is developing what it calls "smart wallet" technology to be installed in its automobiles. This would reward Jaguar car drivers 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. Drivers could also earn rewards if the car participates in a ride-sharing program, Jaguar said. The tokens earned could be used to pay for tolls, parking and charging for electric cars. The overall goal was to "achieve zero emissions, zero accidents, and zero congestion," the company said. Global car companies are exploring blockchain applications, figuring out different ways in which they can leverage the technology to suit their different needs. Blockchain, the system powering cryptocurrencies like bitcoin, is a shared database that is maintained by a network of computers connected to the internet. The British car company is testing the technology at the new Jaguar Land Rover software engineering base in Shannon, Ireland, where engineers have already equipped several vehicles, including the Jaguar F-PACE and Range Rover Velar, with "smart wallet" features, the company said. It does not yet have a timetable for when it will be commercially available, said Jaguar, a subsidiary of Tata Motors. The IOTA token is based on a distributed ledger technology that enables people and machines to transfer money and data without any transaction fees. IOTA trades on digital asset exchanges and was last at 27 U.S. cents per token. "The smart wallet technology ... can be easily adapted into all new vehicles," Dominik Schiener, IOTA co-founder and co-chairman of its board, told Reuters on Friday. "IOTA wants to enable interoperability with all these different players. So there is no Jaguar coin, no BMW coin, but one universal token for this machine economy," he added.

We should probably call this the Jaguar Fast Pace

Jaguar appears be working on a high-performance R variant of its slinky F-Pace crossover. But, it has done an excellent job of hiding that in these spy shots. There really are no visual indicators that this test car is anything special. The lights, grille openings, and even exhaust all appear to be standard-issue F-Pace. According to the spy photographer, what doesn't come across is the sound of the crossover, which he reports is quite loud, thus this strongly sounds like the F-Pace R. We expect at least 500 horsepower, and the ute could borrow the V8 from the F-Type R, or run a new, tuned-up version of the V6. We would lean toward the F-Type R V8. Since that engine has also been used in the performance version of the XF, which shares other powertrains with the F-Pace, it would likely be the easiest to drop into the crossover. We also aren't sure when this fast-paced F-Pace will come to market, but the wait probably won't be too long. Related Video: Featured Gallery 2019 Jaguar F-Pace R View 12 Photos Image Credit: CarPix Spy Photos Jaguar Crossover Performance jaguar f-pace

Reliving the Jaguar XJ220 with a father-son duo

Jaguar may have canceled the C-X75 project, but there was a time when the Leaping Cat marque did make supercars. Sure, there were the XJR-9 and XJR-15 homologation specials made by TWR, but more famous was the XJ220. Although its reign may have lasted only a year before the McLaren F1 came along, for a brief time in the early 1990s, the XJ220 was the fastest car in the world – which is even more impressive when you consider that it was only powered by a 3.5-liter twin-turbo V6 when its rivals were using mostly V8s and V12s. That makes the XJ220 a rather noteworthy supercar from the dawn of the 200-mph era. The thing is, while Jaguar has come to embrace the XJ220 as an exceptional part of its history, it doesn't have the time or energy to devote to servicing the 275 that were made between 1992 and 1994. So it turns to Don Law Racing. The father-son team – made up of a master mechanic and his hot-shoe offspring – is tasked with keeping the XJ220 alive both in body and in spirit, and do so with a great deal of well-deserved pride. Drive went out to their workshop in Staffordshire to tell their story.