Automotive Giant Toyota Explores Polkadot Project To Increase Business Efficiency

Automotive Giant Toyota Explores Polkadot Project To Increase Business Efficiency
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The Polkadot-based Astar Network recently announced the first web3 and blockchain hackathon sponsored by the Japanese Toyota Motor Corporation. The company hakuhodo key3, co-founded by astar and hakuhodo, one of the biggest advertising companies in Japan, will host the web3 hackathon next February 25. 

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How Toyota can enhance its operations thanks to the Polkadot network. Watanabe said that in recent years, companies have had to take up the challenge of increasing the workload of managers because of the increase in business decision-making and management of team members. Consequently, the astar foundation and the astar polkadot network have decided to develop a dao support tool for businesses. 

This is why the Astar Foundation and the Astar Network based in Polkadot have decided to develop an CAD support tool for businesses.  DAO stands for "Organisation Autonome Decentralisee." 

By establishing rules through smart blockchain contracts, organizations and companies such as Toyota can be managed and operated "seamlessly". 

Toyota, the world's largest car manufacturer, has more than 330.00 employees worldwide. In the hackathon, astar is in search of dao tools to implement in the automaker to improve its workflow and operations. 

Watanabe said they are looking for potential products, not only for Toyota, but also for external scale-up. Sotanabe said:

(…) Needless to say, Toyota is the largest company in Japan and one of the world’s leading international companies. We are very happy to welcome the web3 hackathon about astar with Toyota. On the occasion, we have the objective of developing the first poc dao tool for Toyota employees if a good tool is produced, Toyota staff will interact with products on the astar network on a daily basis. I think that in the future, blockchain integrations will take place in cars. Today, we are still at the exploration stage.

Very excited by the different opportunities. 

This is Toyota's first web3 hackathon and is intended to support its vision for improving its operations; this hackathon will be the first step in the process. Source: DOTUSDT Price of DOT with minor winnings on daily chart.

Overview Of The Use Of Blockchain By Astar Network

Astar aims to become the go-to blockchain project in Japan. Credit: dotusdt tradingviewoverview of the use of blockchain by astar networkastar goals to become the go-to blockchain project in japan. So they set up a corporation called startale labs.

Astar states that it undertakes to promote more web3 in the Asian country. Japanese government companies and web3 solutions are working with astar to assemble a global platform to accelerate and create blockchain-based solutions for multiple use cases. 

The ecosystem of Astar became the world leader in Polkadot parachain. Related Post: Bitcoin Crash: Tesla Suffers $140 Million BTC Loss, SEC Filing Shows.