Toyota is set to launch its 'Woven City' smart city project, incorporating blockchain technology to enhance urban living. The initiative will test applications like ERC-4337 smart accounts for mobility services, peer-to-peer energy trading, and a digital identity system for its initial 360 residents. Located at the foot of Mount Fuji, the 175-acre site will utilize distributed ledger technology to integrate with urban infrastructure, including tokenizing vehicle access as NFTs. Developed with NTT, this project marks a significant step in applying blockchain to city operations, focusing on utility-driven token economics and regulatory compliance.
Toyota Unveils Woven City Blockchain Lab with NFT Mobility
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