#Will mcdonough icash drivers
Jaguar drivers will receive IOTA’s native digital asset, in return for granting data access to city authorities, navigation providers and other relevant parties. Cars will be installed with the sensors which will beam data, messages or small files to the IOTA distributed ledger. Earlier this year, Jaguar announced a partnership with IOTA to reward its drivers with digital assets in exchange for their data. government-backed firm to fund a seed round for Dovu, a startup building a global marketplace for transport data.ĭovu aims to open up the availability of a range of transport data sets, from geo-location data for each car on the network to the flow of electricity from charging stations for public and enterprise use.
Jaguar Land Rover, through its venture arm, InMotion Ventures, joined with a U.K. JaguarĪs the auto industry races towards a self-driving, electric future, the efficiencies of recording and sharing vehicle data on the blockchain will enable manufacturers, insurers, city planners and drivers to exchange information freely on an open platform. Furthermore, the bank is moving to test its fiat-backed digital asset, nicknamed “JPMorgan Coin,” that will be used to slash settlement times for clients of its wholesale payments business. The Network counts 237 banks across every major market amongst its members, as of June 2019. A year later, Quorum would come to power the Interbank Information Network (IIN), a peer-to-peer network that reduces interbank friction in areas such as cross-border payments and trade settlement. Indeed, JPMorgan began exploring the technology as early as 2016, when the bank published a whitepaper for Quorum, its private blockchain, based on the Ethereum network. Despite famously dismissing Bitcoin as “a fraud” in September 2017, a move he later regretted, JPMorgan CEO Jamie Dimon always maintained his belief in the distributed-ledger technology underpinning the cryptocurrency. America’s largest bank, managing $2.74 trillion in assets, has the longest running fascination with blockchain in the traditional financial sector.