EV manufacturer is developing a Smart Device-integrated digital asset wallet to enhance mobility
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Description
Building on the exponential growth of the EV market, and earlier projects such as the blockchain empowered mobility services project from 2019, Togg, a Turkish EV manufacturer, has entered into a strategic partnership with Ava Labs to develop and implement smart contract-based services with the goal of enhancing autonomous mobility.
Togg plans to incorporate smart contracts and blockchain technology into their offerings, allowing users to reserve scooters or taxis while charging their EVs, thereby facilitating seamless mobility. The partnership will enable Togg to store vehicle maintenance and parts information on the Avalanche blockchain, which will be crucial for establishing a reliable second-hand EV market.
Each car will act as a digital wallet, with the ability to seamlessly interact with the Avalanche blockchain. The solution will provide bank-grade security for users and will enable unlimited use cases such as Smart device passport, service history, valuable part tracking, carbon footprint and emission record, as well as the use of smart contracts to authenticate supply chain and insurance claims. Togg also plans to have an NFT Marketplace with a feature that will modify the car’s ambiance to match the NFT artwork that is displayed on the in-car digital wallet.
Overall, this initiative aims to provide users with a seamless and interconnected transportation experience while also contributing to the growth of the EV market and related technologies.
Benefits and outcomes
- Automated payments
- Enhance processes to be faster and more interoperable
- Enhance transparency
- Use of NFTs allow for a more personalized experience in the car
- Enhance security
- Digitalize the mobility experience
Further information
From Cointelegraph: “Our collaboration with Ava Labs is built on taking the experience of Togg users to the next level, going beyond automobiles to empower partners, users and non-Togg users across the mobility ecosystem to benefit from this platform.”