Toyota Considering Adopting Ethereum

The car giant is conducting research on how to introduce mobility into public blockchains. The concept of mobility, which was originally announced back last April, aims to enhance the value of a car. Samson Mow Slams ETH Ahead of Ethereum ETF Launch

The blog post discussed some challenges of creating a blockchain account for a car. For instance, the account might be lost if the in-car device experiences a failure. The blockchain lab has proposed creating a mobility-oriented account based on the ERC-4337 Ethereum standard, which aims to improve wallet user experience with the help of account abstraction. The standard removes the need for seed phrase reliance while also enabling additional features such as multi-user operations.

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