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Toyota Taps Astar Network Hackathon to Test Blockchain Use Cases

Cryptocurrency Feb 01, 2023 06:15
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© Reuters. Toyota Taps Astar Network Hackathon to Test Blockchain Use Cases
 
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Coin Edition -

  • Toyota is now researching the use cases of blockchain technology.
  • The behemoth carmaker has tapped Astar Network for the Web3 hackathon.
  • Astar has also worked together with major Japanese corporations.

The world’s largest automaker, Toyota, is conducting an empirical investigation into the applications of blockchain technology. As part of this effort, the company sponsors a Web3 hackathon on the multi-chain Smart contract network Astar Network.

On Astar Network, one of the first parachains to join the Polkadot ecosystem, developers are planning to create a support tool for intracompany decentralized autonomous organizations (DAOs).

Toyota will be able to make better decisions for their company and manage their teams more effectively with the help of this solution. “During the event we aim to develop the first proof-of-concept DAO tool for Toyota’s employees,” said Sota Watanabe, the founder of Astar Network, in a statement.

Furthermore, Watanabe added,

If a good tool is produced, Toyota employees will interact daily with Astar Network, while this is an exploratory stage, blockchain technology in cars are possible in the future.

This is not the first time Astar has worked w ...

The post Toyota Taps Astar Network Hackathon to Test Blockchain Use Cases appeared first on Coin Edition.

Toyota Taps Astar Network Hackathon to Test Blockchain Use Cases
 

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