Toyota Blockchain Lab has introduced the Mobility Orchestration Network (MON), a blockchain framework built on Avalanche's multi-chain architecture, to tokenize vehicle assets. The MON framework assigns digital identities to vehicles using NFTs, integrating legal, technical, and economic proofs to enable fleet asset securitization. It supports electric vehicle fleets, self-driving taxis, and logistics, managing registration, insurance, and operational data across four Avalanche L1 chains. Currently in the proof-of-concept phase, MON aims to streamline cross-industry and cross-border compliance and asset circulation.
Toyota Unveils Avalanche-Based Blockchain for Vehicle Tokenization
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