Toyota Motor Corporation, the largest conglomerate in Japan, is sponsoring the world’s first global Web3 hackathon. The hackathon is being organized in collaboration with Astar Network, a leading parachain of Polkadot. The hackathon is aimed at creating intra-company DAO support tools on the Astar Network to enable anyone to create teams, issue governance tokens, and vote without requiring them to understand the details of Web3. The tools developed during the hackathon will be used by Toyota for operational transparency and efficiency.
Sota Watanabe, the Founder of Astar Network, believes that blockchain integrations in cars will soon become a reality. He also said that the industry is still in the exploratory stage, but he is excited about the various possibilities.
Astar Network recently launched the Cross-Virtual Machine (XVM), allowing projects building on it to interact with other smart contract ecosystems. This is the first major product part of its 2023 strategy that will let developers explore several contract environments. It will also help in building a variety of complex applications offering many use cases, such as proving ownership of digital assets, etc.
Astar Network has also announced a collaboration with the blockchain company Alchemy last summer to ramp up Web3 development on Polkadot’s ecosystem. The collaboration is expected to help in creating a secure and reliable environment for developers to explore Web3.
The hackathon is a great opportunity for developers from around the world to showcase their skills and create innovative solutions. Toyota and Astar Network are hoping that the hackathon will help in the development of Web3 and create a secure and reliable environment for developers to explore.