Toyota's Woven City project, located close to the foot of Japan's Mount Fuji, will complete Phase 1 of its development by the end of the year and start trials in 2025. The city will be used to pilot experiments and innovations in personal mobility, automated driving, robots, and artificial intelligence. It will have streets for automated driving, pedestrians, and pedestrians using personal mobility vehicles, as well as underground roads for goods transportation. The project will begin with around 350 residents, mainly senior citizens, families with young children, and inventors. It will help Toyota develop next-generation cars and realize a mobility society in which everyone can move freely.
Wednesday, March 20, 2024Toyota Blockchain Lab is exploring the concept of Mobility-Oriented Accounts, which would represent vehicles as smart accounts on Ethereum using the ERC-4337 account abstraction standard. Their design addresses critical management challenges and enables multiple stakeholders to be involved in vehicle-related transactions. Toyota deployed the MOA and KeyToken contracts on Ethereum, allowing for the digital representation of basic vehicle operations and granting flexible permissions.