Toyota is investigating blockchain to digitize the property of the vehicle

The blockchain has become popular because it introduced cross -border transactions and creating borderless networks, which have become increasingly prominent in the Real -World assets (RWAS) space. However, in this activa class, in particular mobility, it cannot be simplified and removed from borders created by commercial practices, regulations and institutional frameworks.

Toyota’s Blockchain Lab, the R&D arm of the car manufacturer, has been busy exploring the blockchain and his potential applications in its vehicles, and may overcome traditional obstacles, such as registration, insurance and maintenance, among other things by creating a verifiable ‘trust chain’ that represents a multi-party chain.

Current Day Obstacles

She suggested A concept called the Mobility -oriented Account (MOA) last year, to understand this framework from the perspective of the relationship between the user and mobility. The initiative was aimed at describing mobility as an ‘abstract account’, but it also exposed that the idea could not fully capture the complex relationships involved.

Their most recent paper is one continuation of the investigation from a different point of view. Moa tried to outline the mobility of an individual entity, while the current goal is to describe it with the network in mind. We can already understand mobility as part of a network, given the complex relationships that encapsulate.

Mobility is currently being conceived again, no longer just a means of transport, but rather a valuable possession that generates value. The rise of electric and autonomous vehicles is a peak of global interest in the value of mobility and how it can be disconnected from its traditional roots. Three structural gaps prevent attempts to make this possible.

One is organizational, where vehicle registration files and operational information are kept by governments and companies, which limits the initial valuation and assessment. Then there is the industrial sector, where there is no open and interoperable network between entities within the ecosystem- finally, the national gap, where registration, tax and insurance files are not united under a single certificate.

The Mobility Orchestration Network (Mon)

This new concept is a blockchain architecture with protocol layer, designed to orchestrate trust and to unlock the value of mobility assets about organizational, industrial and national boundaries. It combines three verified evidence on chains or trust chains, because a single value of the mobility assets cannot fully sketch.

• Institutional evidence: Vehicle title/registration, compliance with the insurance, to establish legality

• Technical evidence: Vin, production data, sensor integrity, to ensure that it is suitable for the goal

• Economic evidence: user statistics, maintenance and sales history, to testify to economic value

This is how the MON concept tackles the organizational gap. The introduction of trust in the sectors is to tackle the industrial gap, seamlessly connecting them, which in itself reinforces the value of mobility. We can consider it a catalyst, with its primary role to orchestrate the many networks that work together.

The purpose of the last, national gap is to make the global value circulation possible without making changes to the existing local ecosystems. An important point here is that MON is designed as a protocol instead of a single platform, so that different systems can seamlessly be integrated across borders.

Real-World Implementation

So far it has been outlined how trust chains can help to define the identity of a mobility active in chains. MOA functions as a container for it, with the evidence it carries, but to understand different types of information, it is split into two different reports.

• T-MOA (Trust-Side): has completed institutional and economic evidence

• U-MOA (Utility-Side): manages real-time operational verifications (eg Driver referees, vehicle status)

In addition, a tokenisation frame must be present, making a gradual transition from non-guilty mobility property (via NFTs) to fungi financial assets possible. This reflects its developing nature – from ownership to liquidity.

What it looks like a prototype

Mon uses a multi-chain approach, uses Avalanche as its fundamental layer and implements individual chains for Trust (MON), Capital (Tokenized Assets), Utility (Mobility Operations) and Stablecoin network-all together through Avalanche’s Interchain Messaging.

The ICM is the infrastructure that ensures complete and safe communication in various blockchain networks. Some prominent protocols are integrated into the complicated network, including IBC Van Cosmos and CCIP from Chainlink.

A separate structure called the Trust Gateway acts as the off-chain bridge to trust in the chain. Various mechanisms are involved, including verifiable references, decentralized oracles, trusted intermediaries and others.