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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.

Newest Spectre trailer shows DB10, car chases, awesomeness

It's not due in theaters until November and it's not like we've detected any weaknesses yet, but here we are with another trailer for the upcoming James Bond film, Spectre. That is not a complaint, because it looks like it's going to be, as one YouTuber said, "Spectretacular!" We digress. This time we get a little more of the Aston Martin DB10, including the top line for the spec sheet: Q says it will do 0-60 miles per hour in 3.2 seconds. Putting on the hat that lets us sincerely debate totally fictitious facts in a totally fictitious universe, we don't think that's fast enough to stay away from the villain's Jaguar C-X75, but it's not like Bond needs to when he's got flamethrowers. So there. You 'll find the latest bout of awesome in the clip above, and look for all the throwback cues. Christoph Waltz dresses like one Ernst Stavro Blofeld and uses the same interior decorator. Bad guy Dave Bautista in a three-piece suit is remarkably reminiscent of Oddjob, and there are various nods to On Her Majesty's Secret Service. Enjoy. News Source: James Bond 007 via YouTube TV/Movies Aston Martin Jaguar Coupe Concept Cars Luxury Special and Limited Editions Performance Videos spectre jaguar c-x75 aston martin db10 movie trailer

Petrolicious examines a very special Jaguar C-Type

There are rare Jaguars, and then there's this stunning C-Type Lightweight Le Mans. Built in response to the dominance of the Mercedes-Benz 300SL at the 1952 24 Hours of Le Mans, Jaguar made only three C-Types for 1953 and managed to capture first, second, and fourth. These cars featured four-wheel disc brakes – a rarity at the time even in endurance racing – and a lighter aluminum body. The two SU carburetors were swapped out for three Webers, meaning more power and, according to RM Sotheby's David Swig, better throttle response. Swig would know. In the latest video from Petrolicious, he takes the fourth-place C-Type for a ride, giving us a look at the sleek open-roof racer in action, while our ears enjoy the delicious sound of the 3.4-liter, twin-cam straight-six. "What I love about these cars is how communicative they are on the road," Swig told Petrolicious. "How when you're going through a corner, you feel in the seat of your pants and through the steering wheel every little movement, every little pebble that you drive over." Beyond the driving experience, there's something to be said of the historical seat Swig is occupying. "No less than five Le Mans-winning drivers of this period have sat behind the wheel of this car," Swig said, "which almost give you goosebumps." Should you have the money, you can actually put this iconic racing Jaguar in your garage. RM Sotheby's will offer it for auction as part of its glitzy Monterey Car Week event next month. While you can look forward to our coverage of that event come August, you can enjoy the sight and sound of this iconic C-Type in the latest episode from Petrolicious.