Toyota sponsors a global Web3 hackathon amid blockchain advancement – Cryptopolitan
, 2023-02-01 02:57:19,
Toyota Motor Corporation, the largest conglomerate in Japan, will support the world’s first worldwide Web3 hackathon. Astar Network, the major parachain at Polkadot, has been contracted to develop Web3 use cases for Toyota’s workforce.
According to the company’s official press release, the automaker seeks to better its operations by embracing the Web3 environment. Toyota anticipates that the most recent online hackathon will mark the beginning of the process.
Toyota dives deep into blockchain technology
Astar, a multichain smart contract and decentralized application (dApp) network announced its first Web3 hackathon on February 1. The important news, though, is that Toyota Motor Corporation is funding it. Sota Watanabe, the founder of Astar Network, commented on Toyota’s participation in the initiative:
Needless to say, Toyota is the largest company in Japan and one of the world’s leading international companies. We are very excited to be hosting the Web3 Hackathon on Astar with Toyota. During the event, we aim to develop the first Proof-of-Concept DAO tool for Toyota’s employees. If a good tool is produced, Toyota employees will interact daily with Astar Network.
The release said that this is Toyota’s first Web3 event as the international automaker turns to develop technology to support its vision of improving corporate operations. The Astar Foundation has pledged $100,000 to the event, which will be used to support prizes for outstanding…
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