Tuesday, 02 January 2024 12:17 GMT

Turkish tech company TOGG presents smart device-linked digital asset wallet


(MENAFN) Turkey’s Automobile Joint Venture Group (TOGG) has presented smart device-integrated digital asset wallet to link mobility technology to the Avalanche blockchain, the firm declared on Monday.

"This innovative solution is the first of its kind in the world, providing bank-grade security for users and enabling unlimited use cases such as Smart Device Passport, service history, valuable part tracking, carbon footprint and emission record, and insurance claims and supply chain authentication via smart contracts," TOGG mentioned in an announcement.

In June last year, TOGG and blockchain platform Ava Labs inked a cooperation agreement to improve and start secure and protected mobility facility led by smart deals on Avalanche as a dependable and quick platform that is massively rooted in technological innovation.

Gurcan Karakas, the chief executive of TOGG, stated that the company is operation to establish an open and available ecosystem for everyone around its smart device and digital outputs.

"We aim to take the mobility experience of our users with our product, the digital asset wallet, which we developed on the blockchain of our strategic partner Ava Labs, to the next level. The mobility ecosystem has no limits, it will go wherever we take it,” he also asserted.

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