Jaguar Uses Iota in Proof-of-Concept Demo for Tracing Car Energy

Must Read

Opera-Backed Fintech OPay Seals $120M Investment to Grow Across Africa

Lagos-headquartered fintech Opay has sealed $120 million in a series B financing round from a host of...

Maker Launches New Dai Today, Expects to Phase-Out Old Dai in Months

Decentralized autonomous organization (DAO) Maker will launch a new type of Dai (DAI) stablecoin today. Known as...

Visa Works on Blockchain System For Large-Scale Private Data

International payment network Visa is working on a blockchain-based system for joint policy-compliant computation of large-scale private data.
- Advertisement -

Distributed ledger technology (DLT) company Iota partners with auto manufacturer Jaguar Land Rover for a proof-of-concept (PoC) demonstration for tracing car energy with DLT.

Tracking energy source and usage

Iota announced the news in an official blog post on Aug. 30. Per the announcement, Iota is partnering with Jaguar Land Rover and French energy R&D center Engie Lab Crigen for the demonstration. The demonstration aims to show the public both the source and use of a Jaguar I-Pace’s energy at the Trondheim Powerhouse, the building whose inauguration forms the background for the proof-of-concept.

Russell Vickers, the manager of Jaguar Land Rover’s vehicle-as-a-service engineering group, commented on what he believe this PoC suggests for the future of energy-conscious smart cities. He remarked:

“This agile initiative demonstrates vividly how cities can transform both infrastructure and transportation into a sustainable and mutually beneficial ecosystem. We are excited to let the public see how energy-positive buildings and vehicles such as the I-Pace in this demonstration can create positive sustainability innovation in line with Jaguar Land Rover’s Destination Zero strategy.”

The Jaguar I-Pace’s Iota smart wallet

According to the report, the Jaguar I-Pace contains an Iota-backed smart wallet that could be used for energy-charging — a so-dubbed “Green Charging” feature — that is similarly traced by Iota’s DLT. This would provide I-Pace owners with the ability to charge their cars exclusively with renewable energy.

Additionally, the I-Pace’s smart wallet currently lets users earn IOTA by letting the car automatically report data relevant to road conditions, including information on potholes, weather and traffic, per the announcement. This currency can then be used for paying services such as tolls, parking and charging. 

Iota’s Trinity wallet

At the beginning of June, the Iota Foundation unveiled a new smart wallet for its Iota tokens. This wallet, called the Trinity wallet, reportedly included a biometric authentication and Keepass-compliant security, among other features.

- Advertisement -
- Advertisement -

Latest News

11 Years Ago Today Satoshi Nakamoto Published the Bitcoin White Paper

Today, Oct. 31, marks eleven years since the publication of the Bitcoin white paper by the still-mysterious person or...
- Advertisement -

ArBinance is Changing the Crypto Arbitrage Game with the Click of a Button

ArBinance is a professional arbitrage trading platform that aims to revolutionize cryptocurrency trading by allowing its users to conduct crypto arbitrage through...

SmartMixer is Making Bitcoin Mixing Easier for a New Generation of Users

SmartMixer is Making Bitcoin Mixing Easier for a New Generation of Users SmartMixer.io is a new bitcoin mixing service especially geared toward...

Bitpanda goes global: Announcing the Bitpanda Global Exchange and the IEO for the ecosystem token BEST

Bitpanda goes global: Announcing the Bitpanda Global Exchange and the IEO for the ecosystem token BEST Vienna-based fintech Bitpanda...

Bitpanda digitizes physical gold and silver

Vienna, 13 May 2019 – Vienna-based fintech Bitpanda launches gold and silver trading for its 1 million users. The new...