Toyota, the world’s largest automaker, is conducting an experimental research into the applications of blockchain technology. As part of this effort, the company has launched a multi-chain smart contract network. Primer Network sponsors a Web3 hackathon on
It is one of the first parachains to join the Polkadot ecosystem on Astar Network. In this smart contract network, the developers plan to build a support tool for in-house decentralized autonomous organizations (DAOs).
Koinfinans.com As we have reported, Toyota is able to make better decisions for their companies thanks to this solution. There is, however, the possibility of managing Toyota teams more effectively. Sota Watanabe, founder of Astar Network, made a statement. “During the event, we aim to develop the first proof-of-concept DAO tool for Toyota’s employees,” he said.
If a good vehicle is produced, Toyota employees will interact with the Primer Network on a daily basis, although this is an exploration phase, blockchain technology is possible in cars in the future.
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This isn’t the first time Astar has worked with a major Japanese company. Japan’s most common mobile phone network is NTT Docomo. In November, it announced it would be working with the Primer Foundation and Accenture to accelerate Web3 adoption.
Toyota, on the other hand, has been blockchain explores the possibilities offered by technology. The international automotive company announced in 2020 that its many subsidiaries are forming a group to explore potential uses of blockchain technology in the automotive industry.
Since then, the automaker has not made any significant technological progress.