Turkish electric vehicle (EV) maker Togg has announced a strategic partnership with Ava Labs to design and create smart contract-based services that are set to improve autonomous mobility and accelerate Togg’s Use-Case Mobility initiative.
According to Cointelegraph, the partnership was first announced at the CES 2022 in Las Vegas. Ava Labs, a team dedicated to supporting the Avalanche network, is set to help Togg implement internet of things and machine-to-machine communication in its services to expand its EV capabilities.
Smart contracts are set to help Togg offer users mobility services when they are charging their EVs, for example, allowing them to order a taxi or reserve a scooter while waiting for the charge to fill up. Togg’s vehicle maintenance and parts information is also set to be stored on the Avalanche blockchain, effectively making second-hand markets more reliable for these vehicles.
Emin Gün Sirer, founder and CEO of Ava Labs, revealed he is excited about the partnership on social media and noted that the partnership is a “fully-fledged mission toward production technology.”
The founder added that autonomous smart vehicles have for long been a futuristic fantasy, one that we’re now moving toward thanks to innovation “driven by software.”
The CEO added that mobility will be defined by the community, before adding “ we will share public goods that are more robust than their predecessors, with an interconnected economy enabling each member to pay for exactly how much they use.”
Per his words, with Togg’s technology “each method of transport” will be connected, meaning users can book a car to travel across a state, park in a spot that allows it to be charged, and then pick up a scooter to get to their final destination with smart contracts on Avalanche facilitating payments on each step of the way.
Gün Sirer added this will “be a big leap forward in the adoption of blockchain, with crypto embedded in the core functionality of these apps, rather than a simple alternative to fiat.” Each vehicle, he said, will “act as a wallet capable of interacting with the network.”
Avalanche, as CryptoGlobe reported, has recently started trading on popular cryptocurrency exchange Kraken amid an explosion of its on-chain activity.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
Featured image via Unsplash
Source: Read Full Article