By
staff writer
March 26th, 2024
Togg will be able to create a smart contract, riding on Avalanche’s support, to enable its product owners to pick up a reserved scooter or taxi, a move that is being designed to prevent a halt in mobility while user’s cars are charging.
Turkish Electric Vehicle (EV) startup Togg has announced a strategic partnership with Ava Labs, the development team behind the Avalanche public blockchain to design and create contract-based intelligent services aimed at improving autonomous mobility. According to a report by local news media, TBEN Turkey, the deal was unveiled at this year’s CES Summit in Las Vegas.
The strategic partnership between both companies will help accelerate the electric maker’s use case mobility program, an initiative that seeks to merge different technologies as well as transport solutions to enhance the capabilities of its products beyond what is available in the EV market of today.
The choice of the Avalanche protocol is not surprising owing to its technical build. Avalanche is taunted as one of the fastest smart contracts platforms in the blockchain industry, as measured by time-to-finality. The protocol is not just fast, and low cost, it is one of the most eco-friendly blockchain networks around, a feature that aligns greatly with Togg’s zero-emission drives. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.
Togg’s exploration of blockchain solutions dates back several months and through the Avalanche protocol, the integration of Internet of Things (IoT), machine 2 machine (M2M) communications can be effected across all of the potential electric vehicles the company will be rolling out in the near future.
“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,” said Gürcan Karakaş, the CEO of Togg.
Additionally, Togg will be able to create a smart contract, riding on Avalanche’s support, to enable its product owners to pick up a reserved scooter or taxi, a move that is being designed to prevent a halt in mobility while user’s cars are charging. Togg will also build a data storage platform for its maintenance and parts information, a provision that is crucial for the firm’s secondary markets.
EV Startup and Companies Embracing Blockchain Technology
It is not uncommon to have an EV startup and companies embrace blockchain technology and the innovations surrounding it. As reported earlier by Coinspeaker, American EV giant, Tesla Inc (NASDAQ: TSLA) employed blockchain and deployed two major blockchain solutions to procure sustainably produced Cobalt and Nickel as raw materials for the production of their electric vehicle batteries.
Volvo AB (STO: VOLV-B) is also not new to the integration of blockchain technology in its processes. Back in 2019, the Swedish automobile company joined the Responsible Sourcing Blockchain Network (RSBN) – a cross-industry collaboration for responsible sourcing of minerals, with the focus on strengthening human rights and environmental protection in mineral supply chains.
While the utilization of blockchain is still in its early stages, the capabilities of the technology are on track to become a go-to resource for tech firms including EV startups in the near future.