Toyota and MIT Partner To Make Blockchain Future Of Autonomous Driving
Toyota has partnered with MIT’s Media Lab to examine how Blockchain can improve the “safety, efficiency and convenience” of self-driving cars. In a statement on Monday, the automotive giant’s Director of Mobility Services and Chief Financial Officer Chris Ballinger said the technology held several potential use cases for the future of personal transport. He commented: “Blockchains and distributed ledgers may enable pooling data from vehicle owners, fleet managers, and manufacturers to shorten the time for reaching this goal, thereby bringing forward the safety, efficiency and convenience....
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Toyota Financial Services is not your average bank, as the company focuses on automotive financial services. They are also the first player in that particular industry to join the R3 consortium. The R3 Consortium is a collection of several dozen financial institutions all over the world looking to explore blockchain technology. But the group continues to expand, and Toyota Financial Services is their latest member. Merging distributed ledgers with automotive financial services will be quite an interesting experiment. R3 Welcomes Toyota Financial Services. Toyota Financial Services is not....
Another automotive company is moving into crypto. Toyota Systems, the IT arm of Toyota Motor Corporation, is collaborating with Japanese cryptocurrency exchange DeCurret to develop a branded Toyota digital currency, according to an official announcement on Oct. 26.The large-scale pilot will involve 2,500 employees at Toyota Systems. The platform will feature digital currency payments for benefits.According to the announcement, participating employees will be able to exchange the digital currency for benefits points or gifts from a catalog. Toyota Systems noted that the digital currency....
Two Japanese carmakers, Nissan and Toyota, have launched operations in the metaverse. Nissan’s virtual showroom can host vehicle launches and other events, while Toyota’s workspaces are being used to hold employee meetings. ‘Limitless Possibilities’ Japanese carmakers Nissan and Toyota have become the latest global corporations to join the metaverse after a report said the former had launched a virtual showroom while the latter had created virtual workspaces. By establishing a presence in the metaverse, the two carmakers join their European counterparts....
Toyota Financial Services and R3 Consortium have announced the start of their collaboration on research and development of Blockchain applications. Uniting over fifty of the biggest banks and corporations in the world the R3 Consortium seeks how to incorporate Blockchain solutions in the financial and nonfinancial sectors. Applying the Blockchain. When the consortium was first created, it appeared that the world’s banks and financial institutions were the earliest to become fascinated by the technology. No wonder, as the world got to know about the Blockchain primarily because of the....
Brazilian Banking Giant Banco Bradesco & Toyota Financial Services Join the R3 Blockchain Consortium
Banco Bradesco, one of Brazil’s largest banking and financial services firms has joined the R3-led banking blockchain consortium, R3CEV. So too, has Toyota Financial Services, the financial arm of automotive giant Toyota Motor Corporation. A leading Brazilian bank has joined the banking blockchain consortium led by New York-based R3, an announcement today revealed. Banco Bradesco now becomes the second bank from Brazil, after Itaú Unibanco to join a consortium that counts 50 of the world’s largest banks and financial firms as its members. Itaú is also the largest private sector bank in....