Toyota will be using the Astar Network’s Hackathon as a testing ground for potential blockchain applications

Innovations made during the hackathon might be used by the automaker to streamline operations.

Sota Watanabe, a creator of Astar Network, stated in a statement, “During the event we intend to construct the first proof-of-concept DAO tool for Toyota’s workers.”

Even though we’re still in the research phase, he thinks it’s likely that blockchain technology might one day be included in automobiles, saying, “If a decent tool is built, Toyota staff will engage with Astar Network” every day.

This is not the first time that Astar, which facilitates the creation of interoperable dapps, has partnered with a major Japanese firm. 

The Toyota Motor Corporation has been exploring blockchain technology for some time. In 2020, the automaker stated that a team comprised of multiple divisions was investigating blockchain’s potential uses in the automotive sector.

Toyota’s exploration into blockchain technology and possible Web3 integration would take a big step forward if they sponsored the hackathon. With this online hackathon as a stepping stone, “Toyota is turning to Web3 to assist its ambition of enhancing the firm’s operations,” the company said.

This comes as officials in Japan have been working to speed up the country’s traditionally lengthy decision-making process and kickstart its Web3 strategy. A DAO (Decentralized Autonomous Organization) was announced to be established in November by the country’s digital ministry in order to investigate Web3 technology.

Also Read: Bitcoin Surges Again Beyond $23,000 As The Majority Of The Top Ten Crypto Gain Value

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

- Advertisement -

Comments are closed.