New Alfa Romeo SUV uses NFT and blockchain to track car records
Alfa Romeo's Tonale NFT certifies a car upon purchase and then records and keeps data during the vehicle's lifespan. Italian carmaker Alfa Romeo has unveiled its latest vehicle, the Tonale SUV. The firm claims that it is the first in the industry to connect each vehicle to its own blockchain-based token, which can keep track of the car's whole life cycle.One of the most distinctive features of this SUV is that each car is linked to an accompanying NFT. The Tonale NFT, according to Alfa Romeo, certifies a car upon purchase and then simply records and keeps data during the vehicle's....
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The infrastructure of NFT technology continues to expand far beyond the realm of art, with the world of sports cars the latest to adopt the blockchain. Alfa Romeo, the iconic Italian luxury carmaker, has confirmed that it will use non-fungible tokens to monitor and store maintenance records for its new Tonale sports utility vehicles on […]
Could a U.S. state purchase NFTs? One lawmaker is proposing state legislation to allow the state the ability to do so. Meanwhile, European automaker Alfa Romeo is breaking into NFTs in a way that integrates utility in a one-of-a-kind way – without taking a consumer-first approach. And NFT rugpulls are becoming increasingly commonplace. It’s just […]
Spectators could not see Crypto.com’s logos during Formula One's French Grand Prix, while staff from Alfa Romeo, AlphaTauri and Alpine reportedly removed crypto-related branding. Many Formula 1 international racing teams reportedly removed or covered branding and logos from crypto-related sponsors in response to uncertainty around France’s advertising regulations.According to a Tuesday report from RacingNews365, Crypto.com’s logos were not on display during the French Grand Prix on Sunday — the crypto exchange has been a global partner with the racing series starting in July 2021. The team....
Blockchain, a technology behind the widely known digital currency Bitcoin, is more actively integrating decentralized data storage and secure communication between business partners. Impossibility to steal, change or delete registered data makes platforms built using this magic technology the most secure business solution. Driving business with smart contracts. Earlier this year, the Bank of Russia has introduced Masterchain, an Ethereum-based Blockchain prototype created specifically to serve the interests of financial market actors. Alfa Bank, along with Sberbank, Qiwi, Banks Tinkoff and....
A major global blockchain trade network welcomes one of Russia’s largest banks. Alfa-Bank, one of the largest private commercial banks in Russia, has joined a blockchain trade finance network backed by HSBC.According to an official announcement on Nov. 3, Alfa-Bank is the first Russian bank to become a member of Contour — a blockchain platform connecting the world’s major financial institutions like HSBC, ING and Citi. The network allows bank customers to track the processing and modification of trade finance transactions and cut operational costs. Evgenia Fomina, head of the Alfa-Bank....