Toyota unveils its Blockchain Lab virtual organization

The group Toyota launched an initiative called Toyota Blockchain Lab and aimed at exploring opportunities offered by the blockchain technology.

The Japanese automaker has for some time believed in the benefits brought by the blockchain. In 2018, he already announced that he was using this technology to boost the results of his online advertising campaigns.

Yesterday, Toyota Motor Corporation unveiled a " virtual organization "Grouping 6 of its subsidiaries and exploring the use cases of the blockchain technology since April 2019.

At a time when all things and services will be connected, the blockchain should be fundamental technology, ”wrote Toyota.

The Toyota Blockchain Lab now plans to continue research to improve supply chains (supply chain) and mobility services of the group, as well as to broaden its collaborations with its various partners.

With features such as high falsification and failure resistance, technology blockchain can ensure secure data sharing between different parties by improving the reliability of information, ”says the Japanese group.

In the future, the Toyota Blockchain Lab also intends to accelerate its current initiatives commercial implementation.

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