Latest News

Ava Labs and EV maker Togg Ready To Develop smart contract-based mobility services

Togg, a Turkish EV manufacturer, has established a strategic cooperation with Ava Labs to develop smart contract-based services targeted at boosting autonomous mobility.

Also, At the CES 2022 show in Las Vegas, Togg announced his collaboration with Ava Labs. That’s, a company dedicated to supporting and growing the Avalanche public blockchain. The agreement, according to Cointelegraph Turkey, intends to accelerate He’s Use-Case Mobility program. Which combines various technologies and transportation solutions to create cars with more functionality than typical EVs.

So, Togg has been researching blockchain and similar technologies in EVs for more than a year. That’s, according to the official release. Then, He plans to use Ava Labs’ relationship to expand and improve Internet of Things (IoT) and machine-to-machine (M2M) connectivity.

Notably, Togg will leverage smart contracts and blockchain technology. Inorder, to enable consumers to pick up a pre-booked scooter. Even, cab while charging their electric vehicles, providing for seamless mobility. Togg’s CEO, Gürcan Karakaş, states.

“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.”

Furthermore, He’s cooperation with Ava Labs will let it to keep car maintenance and components data on the Avalanche blockchain. Which will be essential for a dependable second-hand market.

Related Posts – Ex-SEC Chair, Jay Clayton Believes Cryptocurrency Industry Is For Long Haul

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.