Ava Labs and EV maker Togg to build smart contract-based mobility services
The partnership aims to fast-track Togg’s Use-Case Mobility initiative, which involves producing cars with more functionalities as compared to traditional EVs. Turkey’s electronic vehicle (EV) manufacturer Togg has announced a strategic partnership with Ava Labs to design and build smart contract-based services aimed at improving autonomous mobility. Togg’s collaboration with Ava Labs, a team dedicated to supporting and developing the Avalanche public blockchain, was revealed at the CES 2022 event in Las Vegas. As Cointelegraph Turkey reported, the partnership aims to fast-track Togg’s....
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San Francisco-based Ripple Labs, a startup focused on building payment and digital asset networks, has unveiled a comprehensive plan for the development of a new smart contract system. Called Codius, the proposed system will be programming language agnostic and work with existing monetary and contractual systems. There are a few cryptographic projects currently seeking to build smart contract solutions, but Codius is perhaps the framework that many in the cryptocurrency space have been seeking to leverage to build asset structures. Stefan Thomas, chief technology officer at Ripple Labs,....
Ripple Labs, maintainer of the digital currency Ripple, has announced it will not continue the development of its smart contract project nearly a year after it was announced, saying the "small and nascent decentralization market" is too immature. In a blog post, Ripple Labs CTO Stefan Thomas wrote that the company, which recently raised a $28 million funding round, has no plans to work on Codius, a platform that allows people to build distributed applications, and will instead build its own decentralized apps "manually." He cited a lack of demand as the biggest reason why the project was....
Turkish President Recep Tayyip Erdoğan shared new details about the country’s e-Human project powered by blockchain. Turkish President Recep Tayyip Erdoğan unveiled new details about the e-Human project powered by blockchain ahead of Turkey’s national blockchain summit. Cointelegraph Turkey reported the e-Human project will be based on blockchain tech to keep all services, data and capabilities used by the system under protection. While it has a sci-fi name, Turkey’s e-Human project acts as a digital service point where Turkish Presidency can share data related to its services and tools....
Amid new concerns about the viability of blockchain smart contracts, one company is releasing a proposal that seeks to make it easier to ensure their security. Developed by Smart Contract Solutions, the open-source Zeppelin project aims to offer a community-driven framework for secure, audited code. The goal is to prevent the unintentional loss of funds, a danger perhaps best illustrated by the collapse of ethereum's biggest smart contract, The DAO. Since ethereum is the best-known smart contract platform, the first set of tools are written in its programming language Solidity. But,....
Mirror has secured $8.8m in Series A financing to reposition itself as a smart contract trading platform built on bitcoin's blockchain. Led by Ripple Labs investor Route 66 Ventures, the round also included Battery Ventures, Crosslink Capital, RRE Ventures and Tim Draper. As part of the deal, Route 66 venture partner Pascal Bouvier will join Mirror's board of directors. Reports of Mirror's round first surfaced in a New York Times article that suggested the company had raised $12.5m to fund a pivot toward smart contract technology with the help of renowned cryptography expert Nick Szabo. In....