Turkish Firms Togg and Ava Labs Partner for Mobility Blockchain Solutions Jan 8, 2022 Jan 8, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJanuary 8, 2022 by Kelly Cromley

Turkish Firms Togg and Ava Labs Partner for Mobility Blockchain Solutions

On Friday, Turkey’s Automobile Joint Venture Group (Togg), which is creating the country’s first electric automobile, and blockchain platform Ava Labs announced a collaboration agreement to create mobility blockchain solutions. According to Turkey’s global technology brand, Togg and Ava Labs, the development team behind Avalanche, will create and deliver safe and secure mobility services driven by smart contracts.

According to the statement, the alliance, which was unveiled this year at the world’s biggest Consumer Electronics Show (CES) at Las Vegas, would “break fresh ground” in smart, automated transportation.

“Our relationship with Ava Labs is based on elevating Togg users’ experiences to the next level, moving beyond vehicles to enable partners, users, and non-Togg users throughout the mobility industry to gain from this system,” stated Gürcan Karakaş, CEO of Togg.

Because of the collaboration, the Togg Navigation platform will be multi-modal, allowing users to finish their travels utilizing various modes of transportation. Togg’s environment will use blockchain technology and smart contracts to facilitate automatic, rapid, and safe payment for all of these services, according to the statement, further stating that the vehicle servicing and spare part record will be a part of the report recorded on the blockchain, resulting in a secure and dependable secondary market.

Togg, which was founded in 2018, unveiled Turkey’s first electric car model in December 2019, with production set to begin in 2022. In addition, the firm creates new technologies, services, consumer experiences, and business strategies.

It intends to produce one million connected electric car types based on a single platform by 2030. Ava Labs, developed by Cornell computer engineers, makes it easy to build decentralized apps using Avalanche, the blockchain industry’s quickest smart contracts platform.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.