Toyota continues its ongoing exploration into integrating blockchain technology within its corporate and developmental ecosystems. The Toyota GR Cup, a North American racing series held by Toyota Gazoo Racing, recently announced it will start awarding digital trophies and record driver performances on the Polygon blockchain. Image source: Toyota press release. Per a press release, the…
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The automotive giant is exploring DAO tools and blockchain integration to improve company operations. Automotive giant Toyota is delving deeper into blockchain use cases through its involvement with a Web3 hackathon for decentralized autonomous organization (DAO) developers. On Feb. 1, multichain smart contract and decentralized application (DApp) network Astar announced its inaugural Web3 hackathon. The…
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Two Japanese carmakers, Nissan and Toyota, have launched operations in the metaverse. Nissan’s virtual showroom can host vehicle launches and other events, while Toyota’s workspaces are being used to hold employee meetings. ‘Limitless Possibilities’ Japanese carmakers Nissan and Toyota have become the latest global corporations to join the metaverse after a report said the former…
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Another automotive company is moving into crypto. Toyota Systems, the IT arm of Toyota Motor Corporation, is collaborating with Japanese cryptocurrency exchange DeCurret to develop a branded Toyota digital currency, according to an official announcement on Oct. 26. The large-scale pilot will involve 2,500 employees at Toyota Systems. The platform will feature digital currency payments…
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Toyota has been working on initiatives to develop a wide-ranging transportation platform, through its previously unannounced Toyota Blockchain Lab. Toyota Motor Corporation, along with Toyota Financial Services Corporation, unveiled its Toyota Blockchain Lab, March 16, comprising six Toyota Group companies. The lab is exploring what the future of the automotive industry may look like. Established…
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