Automotive provider Continental has unveiled an software referred to as Earn As You Drive, which makes use of blockchain expertise to monetize automobile consumer data.
Parking house knowledge for digital foreign money
Forbes reported the information on Aug. 29. Per the report, Continental has partnered with tech agency Hewlett Packard Enterprise and open supply community supplier Crossbar.io to create Earn As You Drive. This software reportedly lets drivers decide in to earn digital foreign money for sharing details about road parking availability by means of car sensors. The info is shared with a producer, who in flip sends it to a 3rd occasion parking service.
The brand new app depends on Continental’s blockchain-based Information Monetization Platform (DMP). As beforehand reported by Cointelegraph Brasil, Continental partnered with Hewlett Packard for this growth, which was introduced again in February. Along with monetizing vehicle-collected knowledge, the challenge additionally purportedly aimed to make use of the information to bolster driver confidence and security.
Jaguar Land Rover’s experiment incomes packages
Jaguar Land Rover has additionally been trialing an incomes program with the Iota Basis. In accordance with the report, the corporate has been testing this system in Eire, which permits customers to obtain IOTA cryptocurrency in return for sharing knowledge.
As reported earlier in the present day by Cointelegraph, Jaguar Land Rover and Iota are performing a demo of a brand new distributed ledger expertise for monitoring and sharing power knowledge. Along with offering knowledge on how a lot power the Jaguar I-Tempo makes use of, the platform additionally tracks the origins of the power and may make sure that it originates from sustainable sources.
Blockchain-based knowledge monetization within the house
As beforehand reported by Cointelegraph, the Power community firm E.On filed a patent software for a blockchain-based data collector that may very well be used for knowledge monetization. The gadget would reportedly use sensors to gather consumer knowledge from good house purposes, which customers might then selectively promote to 3rd events.