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Ava Labs and electric car manufacturer Togg want to optimize mobility with smart contracts



 The Turkish automaker relies on the Avalanche Blockchain for various purposes.


The Turkish electric car manufacturer Togg has entered into a strategic partnership with the blockchain company Ava Labs to harness the far-reaching potential of smart contracts to improve mobility.


The collaboration between Togg and Ava Labs, the development team behind the Avalanche Blockchain, was announced at this year's CES 2022 auto show in Las Vegas. As Cointelegraph Turkey reported , the partnership will be dominated by Togg's Use-Case Mobility Initiative, in which various technologies and transport solutions are combined in order to create mobility that goes beyond the limits of classic electric cars.


According to the official announcement, Togg has been researching applications that combine blockchain and electromobility for more than a year. Via the cooperation with Ava Labs, the car manufacturer now wants to integrate the Internet of Things (IoT) and machine-to-machine (M2M) communication into its own products.


Blockchain technology and smart contracts are to be used, for example, so that drivers can easily rent an e-scooter or a taxi while their electric car is charging, so that mobility is guaranteed at all times. Togg CEO Gürcan Karakaş explains:


"Our collaboration with Ava Labs is intended to ensure that we can take the user experience of Togg customers to the next level by going beyond the automobile so that the entire mobility ecosystem is available to our partners and customers."

In addition, the partnership with Ava Labs also enables, for example, information about auto parts and spare parts to be stored on the Avalance blockchain, which optimizes trading on the secondary market, as it were.


Other electric car manufacturers are also showing keen interest in the crypto industry, including Tesla in particular. The prominent company boss Elon Musk had announced in December that the carmaker might accept Dogecoin ( DOGE ) as a means of payment in the future , whereupon the price of the “joke cryptocurrency” shot up by a whopping 25%.


As data from Cointelegraph Markets Pro and TradingView show, DOGE / USD was the only currency pair to gain 25% on the day, suggesting that Musk and Tesla influence was arguably the driving force.

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