It looks like the big banks aren't the only ones finding new uses for blockchain technology more than a year after the great crypto bubble of 2017 ended in tears for thousands of investors.

In an announcement that came as a pleasant surprise to crypto bulls, British carmaker Jaguar Land Rover announced that it was testing technology to incorporate IOTA wallets into the software of its cars, part of a plan to use the cryptocurrency in a rewards program.

The program would reward drivers with cryptocurrency for sharing data, such as traffic congestion or potholes, with navigation providers and local authorities, while also incentivizing them to participate in ride-sharing programs. 

Courtesy of Coin Telegraph

Earned tokens could be used to pay tolls, parking, as well as charging for electric cars. The overall goal was to "achieve zero emissions, zero accidents, and zero congestion," the company said.

Jaguar doesn't have a timeline for when the program will see a wide-release; currently, it's testing the technology with software engineers in Shannon, Ireland.

Here's Reuters: