Toyota announces a pilot program to launch its own digital currency
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Answer Toyota announces a pilot program to launch its own digital currency
Global car manufacturers are among the active companies in exploiting blockchain and cryptocurrency technologies.
Recently, a press report emerged that Toyota Systems (a wholly owned subsidiary of Toyota Motor Corporation focused on information technology) is planning to develop and test a digital currency as part of a new pilot project in partnership with Japanese crypto exchange DeCurret. “.
According for press releaseThe new project will include 2,500 employees at “Toyota Systems” and will entail the creation of a platform that features payment using digital currency for employees.
The digital currency being worked on will be tradable for gifts listed in a catalog or for benefits and loyalty points, according to the same statement.
Read:BitMEX prepares to launch Bitcoin-based “fixed income” products
The digital currency that Toyota is working on is based on blockchain technology.
It is worth noting that it is not the first time that Toyota has conducted research related to cryptocurrencies, as last March the company launched the Toyota Blockchain Laboratory to explore the potential applications of blockchain technology.
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Read also:
Mercedes-Benz is using blockchain technology in several innovative products
BMW automaker launches blockchain rewards app
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