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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.

Jaguar working on 600-hp F-Type SVR

Thinking about buying a new Jaguar F-Type? You've got a number of supercharged engine options to choose from... and soon you'll have one more. According to Motor Trend, Jaguar and its Special Vehicle Operations unit are working on a new SVR version of the F-Type, and it's tipped to pack 600 or more horsepower. That's more than anything Jaguar (or for that matter Land Rover) has offered for public consumption to date, but follows a delineated progression of output. As it is, the 5.0-liter supercharged V8 offered at launch in the F-Type convertible was already churning out 500 metric horsepower. Then came the F-Type R coupe that bumped output up to 550, followed by the limited-edition Project 7 roadster with 575. Topping 600 would only follow naturally, then, but would give the F-Type a broad range of outputs, starting at 335 hp and nearly doubling once it hits the top. It would also handsomely eclipse the Mercedes-AMG GT S (503 hp) and Porsche 911 Turbo S (552 hp), rival the Aston Martin Vantage GT12 (592 hp), and give even the new Audi R8 V10 Plus (610 hp) a run for its money. The bigger question is what form the SVR model will take, and with what other equipment. Coupe or convertible, rear-drive or all-wheel drive, automatic or manual... it's too early to say at this point. But we can probably expect much of the equipment from Project 7 – active diff, carbon-ceramic brakes... the works – to reappear in the SVR as well.

New Jaguar F-Type to launch — maybe literally — with Hot Wheels' help

An updated and redesigned Jaguar F-Type is going to be revealed Dec. 2, which is less than a week away at this point. The info comes to us via a tweet from Jaguar, teasing out the reveal with a video. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Update: For a split second, the new F-Type appears to be flashed up onto the screen. We screenshot the video and pasted the photo down below. The side profile is similar to the previous F-Type, which comes as no surprise to us after seeing the spy shots. We can see the red LED taillight and a hint of the headlight design from the photo, too. The most intriguing part of this tweet is at the end, where Jaguar says it’s going to reveal the F-Type in partnership with Hot Wheels. Jaguar and Hot Wheels are not the most obvious of pairings at first, but both have a penchant for theatrics and stunts. Jaguar launched the tiny E-Pace with a barrel roll, completing a 270-degree corkscrew jump and launching it through 50 feet of open air. Nobody was expecting that. WeÂ’re not sure what to expect from the F-Type launch event, but the teaser video shows a Hot Wheels track with a loop. Will Jaguar try and top themselves? WeÂ’re not sure, but itÂ’s worth a watch on Dec. 2 to find out. As for what the actual car will be like, weÂ’ve seen several sets of spy shots (above). The most recent set places the Jaguar on the Nurburgring for track testing. Jaguar hasnÂ’t messed with the F-TypeÂ’s design much since it launched earlier this decade, but thatÂ’s no complaint. Even today, the F-Type is one of the best looking sports cars on sale. And even though Ian Callum isnÂ’t around anymore, weÂ’re sure he had a hand in this redesign. Expect a new interior, updated powertrains and more performance from the F-Type in its updated form next week.