IOTA Foundation partners with Jaguar/Land Rover

The full article was originally published by HelloIOTA. Read the full article here.

Wouldn’t it be great to get individually rewarded for providing companies with our data which they can use to enhance our lives? This is what the new partnership between IOTA and Jaguar Land Rover is all about.

IOTA has taken the next step in partnering with big players in the automotive industry. On April 28, 2019, Britain’s largest auto manufacturer Jaguar Land Rover announced that the company is harnessing IOTA technology to make and receive payments for various purposes. The company states on its website:

Unlike other similar systems, due to its structure, it requires no transaction fee to operate and over time transactions will get faster across the entire network, forecast to include some 75 billion connected devices by 2025. 

But what is it actually about? Watch the following clip to get an idea:

We all know that Google, Apple and the likes use the data we provide them with to offer us services like Google/Apple Maps. Apparently this is free for the user, but actually the users are paying with their personal data for this service.

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