Turkish automotive company Togg announced a partnership with Metaco, a digital asset orchestration technology provider, to secure the open mobility ecosystem built on Avalanche.
Togg’s Mobility-as-a-Service (MaaS) platform, aka, Mobility Ecosystem, aims to deliver use cases supported by smart contracts – including mobility service tokenization, CO2 footprint assessment and nonfungible token ownership (NFT) – for users in Türkiye and Europe.
The partnership with Metaco will use the digital asset custody and orchestration platform, Harmonize, to maintain the custody and governance of Togg’s digital assets. Sharing his insight into the initiative, Togg CEO M. Gürcan Karakas stated:
“Blockchain-enabled digital tokens allow data and other assets to be stored and transferred quickly, securely, and green. By using technology from Metaco, we can do this.
Hosted through IBM Cloud, the Metaco platform provides Togg with total control of encrypted data, workloads and encryption keys. According to the announcement, Harmonize is equipped with compliance standards used by Tier 1 banks that deal with digital assets.
German car manufacturer BMW recently signed two blockchain companies to improve its customer loyalty program in Thailand. On December 29, 2022, BMW announced a partnership with blockchain infrastructure company Coinweb as a provider of decentralized architecture and BNB Chain to complete transactions.
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The first phase of the initiative focuses on integrating decentralized technology into automating BMW’s daily manual operations. The second phase of the project will see Coinweb develop a customized Web3 application for BMW’s customer loyalty program.