Automotive supplier Continental has unveiled an application called Earn as You Drive, which uses blockchain technology to monetize car user information.
Forbes reported the news on Aug. 29. As per the report, Continental has partnered with tech firm Hewlett Packard Enterprise and open source network provider Crossbar.io to create Earn as You Drive. This application reportedly lets drivers opt in to earn digital currency for sharing information about street parking availability through vehicle sensors. The data is shared with a manufacturer, who in turn sends it to a third-party parking service.
The new app relies on Continental’s blockchain-based Data Monetization Platform. Continental partnered with Hewlett Packard for this development, which was announced back in February. In addition to monetizing vehicle-collected data, the project also purportedly aimed to use the data to bolster driver confidence and safety.
Jaguar Land Rover and Iota are performing a demo of a new distributed ledger technology for tracking and sharing energy data. In addition to providing data on how much energy the Jaguar I-Pace uses, the platform also tracks the origins of the energy and can ensure that it originates from sustainable sources.