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Ava Labs and EV maker Togg to build smart contract-based mobility services

Posted by Corneliu Boghian on January 08, 2022 - 11:19am


Arijit Sarkar

ARIJIT SARKAR

Ava Labs and EV maker Togg to build smart contract-based mobility services

The partnership aims to fast-track Togg’s Use-Case Mobility initiative, which involves producing cars with more functionalities as compared to traditional EVs.

Ava Labs and EV maker Togg to build smart contract-based mobility servicesNEWS

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

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 Cointelegraph Turkey 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 to traditional EVs.

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.

Togg will implement smart contracts and blockchain technology for allowing users to 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.”

Moreover, 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.

Related: Dogecoin gains 25% after Elon Musk confirms Tesla will accept DOGE for merchandise

Back in December, Dogecoin (DOGE) price went up by 25% soon after Tesla and SpaceX CEO Elon Musk announced plans to accept DOGE for Tesla merchandise.

As Cointelegraph reported, Data from Cointelegraph Markets Pro and TradingView showed DOGE/USD climbing over 25% to become the only major cryptocurrency to deliver gains on the day.

DOGE/USD 1-hour candle chart (Bittrex). Source: TradingView

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