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Togg Partners With Ava Labs To Build Smart Contract-Based Services

Togg, Turkey’s electronic vehicle (EV) manufacturer, has partnered with Ava Labs to design and build smart contract-based services aimed at improving autonomous mobility.

It has been reported that Togg’s collaboration with Ava Labs, a team dedicated to supporting and developing the Avalanche public blockchain, was revealed at the CES 2022 event in Las Vegas. As reported, the partnership aims to fast-track Togg’s Use-Case Mobility initiative, which combines different technologies and transportation solutions to produce cars with more functionalities as compared with traditional EVs.

However, according to the official announcement, Togg has been exploring use-cases around blockchain and related technologies in EVs for more than a year. With Ava Labs’ partnership, Togg intends to infuse Internet of things (IoT) and machine-to-machine (M2M) communication to expand and accelerate its EV capabilities.

The report said that Togg will implement smart contracts and blockchain technology so users can pick up a reserved scooter or taxi while charging their EVs, enabling seamless mobility.

Gürcan Karakaş, the CEO of Togg, said:

“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.”

Thus, Ava Labs’ partnership will allow Togg to store vehicle maintenance and parts information over the Avalanche blockchain, which will be foundational to a reliable second-hand market.

Source: Cointelegraph



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