Automotive giant Toyota will partner with Astar (ASTR) to explore blockchain use cases and areas.
Blockchain initiatives of corporate companies and global giants continue. Especially large companies that continue their existence in the global economy have started to attract attention with their moves on the blockchain side. Finally, automotive giant Toyota is participating in the Web3 Hackathon organized by Astar to examine blockchain technology more closely.
Toyota and Astar Collaborate for Blockchain
Astar (ASTR), from the Polkadot ecosystem, announced that they will cooperate with automotive giant Toyota at the Web3 hackathon.
Smart contracts and decentralized dApp platform Astar shared its Web3 hackathon with its followers on Twitter. What stood out in this post was that the event was supported by Toyota.
Finally!
We’re incredibly excited to announce…The 𝐰𝐞𝐛𝟑 𝐡𝐚𝐜𝐤𝐚𝐭𝐡𝐨𝐧 𝐨𝐧 𝐀𝐬𝐭𝐚𝐫 𝐬𝐩𝐨𝐧𝐬𝐨𝐫𝐞𝐝 𝐛𝐲 𝐓𝐨𝐲𝐨𝐭𝐚!
Learn how the world’s largest car company is building on Astar:https://t.co/xDLE6XPwsx
— Astar Network (@AstarNetwork) February 1, 2023
Primer founder Sota Watanabe evaluated Toyota’s involvement in this initiative as follows;
“During the event, we aim to develop the first PoC (Proof of Concept) DAO tool for Toyota employees. If a good vehicle is produced, Toyota employees will interact with the products in Primer on a daily basis.”
The announcement also stated that this event is Toyota’s first Web3 event. The global automotive giant aims to be more involved in blockchain technology with this event.
The crypto project has pledged to raise a $100,000 fund to the winning projects that will be selected by the automotive giant.
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