Turkish automaker Togg has signed an agreement with Metaco to develop a digital asset management platform for its Avalanche-based ecosystem.
The Mobility as a Service (MaaS) platform is designed to deliver smart contracting capabilities to Togg’s automotive customers in Turkey and Europe. Metaco Harmonize will be used to store these assets.
Blockchain-based digital tokens enable the rapid storage and transfer of data and assets in a non-toxic and environmentally friendly manner, and Metaco’s technology makes this possible,” said Togg CEO Gurcan Karakas.
The Metaco platform uses IBM cloud technology, and with Harmonize, Togg can be assured that it has full control over its own encrypted data and keys, meeting all the digital asset requirements of a Tier 1 bank.
Development of Togg’s electric vehicle service based on the Avalanche blockchain was announced in early 2021. All totals cannot be loaded.