Toyota develops its own digital currency

Toyota Systems, Toyota Motor Corporation IT, cooperates with the Japanese cryptocurrency exchange of Decurret to develop its own digital currency.

According to the official application
Toyota Systems, 2,500 company employees will take part in testing the Toyota digital currency. Cryptoactive can be exchanged for bonus points or gifts from the catalog. Toyota Systems clarifies, that digital currency cannot be exchanged for Japanese yen.

Testing the release of digital currency and control will take place on the blockchain of the exchange of cryptocurrencies decurret. Within the framework of the pilot project, the scalability of the P2P model on the blockchain will be tested, as well as making payments by a large group of people.

Recall, that in the spring Toyota Motor Corporation announced
On the laboratory of the blockchain's own laboratory. In May 2019 the years of Toyota and the Tokyo University tested
Blockchain electricity trade system, And earlier the company used
Blockchain to reduce the level of fraud in the advertising industry.

Toyota is not the only automaker, experimenting with cryptocurrencies and blockchain. In the beginning of October, the BMW Korea division stated, what will launch in South Korea a bonus program on the blockchain. Users will reward for purchases and will be able to use points to access events and discounts.

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