Is Toyota going to be a driving force in the cryptosphere?

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If you're reading this, then it is safe to assume that you have some interest in cryptocurrency or blockchain as a whole. While I have lost interest in preaching about Blockchain and cryptocurrencies to people, I always scour the internet for good news concerning them.

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Take your eyes away from your portfolio for a moment, because it doesn't seem like there will be any significant uptrend till December/January, but that hasn't stopped Toyota from making their own moves of sorts. The Japanese automobile company has joined an exclusive list of car manufacturers that are exploring the potential of leveraging Blockchain technology.

Earlier this year, the car manufacturing company set up a blockchain lab. To keep it simple, the blockchain lab had been working in the background since 2019 and has been looking at ways of using blockchain technology to make Toyota a better "Mobility Company".

From where I'm standing, Toyota is looking at ways they can improve transparency and probably cut out other sneaky human-related things. There has already been an experiment of sorts with the recently launched digital currency.

This token can't be liquidated for fiat but employees can use it to get gifts, rewards and stuff. So, it is basically like a voucher. While I have digitally mined and sold certain tokens that act like vouchers before, I wonder how this will work in a real-life setting. That is not to say it is unthinkable or anything, it is just fascinating to me, probably because of my society.

Blockchain technology is still in the fledgeling stage since it has been around for roughly 12 years. However, at this point, it is safe to say that it is inevitable and will eventually be absorbed into every aspect of our lives.






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Interesting to see Car companies looking to incorporate Cryptocurrency.
Though the more the big companies announce their own/their use of Crypto, the better for the whole Crypto space in general including visibility and what it is all about. Could help to draw in even more people and allow more mainstream use sooner.

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My thoughts exactly. People generally resonate with these big companies, so having them onboard is a win for us !ENGAGE 50

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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So even car companies are adopting crypto currency, well I'm not surprised at all. Nice write up sir and how can i make a signature like yours?

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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Toyota is good to always make things better.

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