In July 2024, Toyota announced a collaboration with the Ethereum network to improve its smart car services, by leveraging Ethereum's blockchain technology.
The goal of this cooperation is to enhance smart car operations via blockchain platforms, such as tracking supply chains and ensuring transparency in data processes.
The collaboration between Toyota and Ethereum makes it possible to leverage smart contracts to develop and improve logistical and financial processes in the company's supply network. It can also lead to new innovations in shipping and payment methods within the Toyota ecosystem, contributing to improved user experience and enhanced operational efficiency.
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