AA / Ankara / Tuba Sahin
TOGG Automotive Group (Türkiye Automotive Joint Venture Group) announced on Monday that it has introduced a digital asset wallet integrated into the smart device to connect mobility technology to the Avalanche blockchain.
“This innovative solution is the first of its kind in the world, provides users with bank-grade security and enables unlimited use cases such as smart device passport, service history, valuable coin tracking, carbon footprint and the emissions registry, as well as insurance claims and supply chain authentication via smart contracts,” TOGG said in a statement.
In June 2022, TOGG and blockchain platform Ava Labs signed a partnership agreement to develop and launch safe and secure mobility services powered by smart contracts on Avalanche as a reliable and fast platform deeply rooted in technological innovation.
Gurcan Karakas, CEO of TOGG, emphasized that the company is committed to creating an ecosystem that is open and accessible to all around its smart devices and digital products.
“We want to take our users’ mobility experience to the next level through our product, the digital asset wallet, which we developed on the blockchain of our strategic partner Ava Labs. The mobility ecosystem has no limits, it will go where we take it “, he added.
Additionally, TOGG is launching a non-fungible token (NFT) marketplace on Avalanche to allow users to buy, sell, and trade a variety of NFTs including art, collectibles, and more.
The TOGG NFT Marketplace is accessible through the Digital Asset Wallet, which allows users to securely store, access and transfer their digital assets while on the go.
It will offer an “Art Mode” function that can transform the atmosphere of the car based on the NFT artwork displayed on the digital asset portfolio in the car.
TOGG’s Avalanche-based solutions will open up a whole new perspective for mobility by enabling users to easily rent various means of transportation, such as cars, scooters and parking, via a single platform with payments for every stage of the journey. securely through smart contracts with the digital asset wallet, according to the company.
TOGG is a technology company that also developed Türkiye’s first domestic electric car.
* Translated from English by Alex Sinhan Bogmis
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