Toyota releases blockchain framework to turn vehicles into tradable digital assets

(Source: Wu Shuo)

Toyota Blockchain Lab released the MON white paper, which is based on the Avalanche multi-chain architecture, converting vehicles into tokenized assets. This framework provides new financing and management models for electric vehicle fleets, driverless taxis and logistics industries, and establishes digital identities of vehicles through NFTs to realize a trusted network of cross-industry and cross-border supervision. (Beincrypto)

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