Toyota Blockchain Lab has just released a white paper introducing the Mobility Orchestration Network (MON) – a blockchain platform that transforms vehicles into tradable digital assets in the financial market. Built on Avalanche's multi-chain architecture, MON creates digital identification for vehicles through NFTs, allowing investors to manage fleets like an asset portfolio and tokenize them.
MON redefines a medium as a node in a trusted network consisting of producers, owners, insurance, operators, and regulatory bodies, while integrating legal, technical, and economic evidence into a verifiable digital identification. The system is expected to promote the financialization of electric fleets, autonomous taxis, and logistics by transparently clarifying ownership, usage, and maintenance.
Toyota's choice of Avalanche shows that AVAX is undervalued compared to its real-world applications.
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Toyota announced a Blockchain platform to turn cars into tradable digital assets.
Toyota Blockchain Lab has just released a white paper introducing the Mobility Orchestration Network (MON) – a blockchain platform that transforms vehicles into tradable digital assets in the financial market. Built on Avalanche's multi-chain architecture, MON creates digital identification for vehicles through NFTs, allowing investors to manage fleets like an asset portfolio and tokenize them.
MON redefines a medium as a node in a trusted network consisting of producers, owners, insurance, operators, and regulatory bodies, while integrating legal, technical, and economic evidence into a verifiable digital identification. The system is expected to promote the financialization of electric fleets, autonomous taxis, and logistics by transparently clarifying ownership, usage, and maintenance.
Toyota's choice of Avalanche shows that AVAX is undervalued compared to its real-world applications.