Volvo Vice Chairman on Jaguar crypto move: “Users should not be at the mercy of potential outswings in the value of such a token”

Reuters broke the news yesterday that Jaguar Land Rover is testing software to allow drivers of its cars to earn cryptocurrency as a reward for sharing data, such as reporting traffic congestion to navigation providers or local authorities.   This follows news earlier this month that car giants, General Motors and BMW, are looking to share driverless car data on the blockchain while Hyundai is looking to develop a blockchain platform to track the history of used cars, demonstrating that there are opportunities for transformation across the automotive industry value…

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The Auto Block: Blockchain for Automotive Industry

The Blockchain technology was featured on Gartner’s Top 10 Strategic Technology Trends list back in 2016. This ingenious trend has gained quite a lot of popularity in the last few years and even though it was initially developed for the digital currency, Bitcoin, it has proven useful in many other areas such as the internet and automation.     In a nutshell, the Blockchain technology makes it possible for information to be recorded and distributed, without being copied. While Blockchain has a lot of other benefits as well, the one…

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