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In a groundbreaking move, Toyota Blockchain Lab has adopted Ethereum’s ERC-4337 standard, aiming to revolutionize mobility solutions with advanced blockchain technology.
Developing the Toyota Mobility Concept
A recent publication by Toyota Blockchain Lab titled "How to Introduce Mobility into the Public Blockchain" made mention to Ethereum's ERC-4337 standard.
X was used by Sota Watanabe, founder of Astar Network, a Toyota partner, to announce that the car giant had recently released a post on Mobility-Oriented Account "MOA," which is based on the Ethereum ecosystem's Account Abstraction standard ERC-4337.
Involvement in Public Chain Projects
The involvement of major Japanese corporations in public chain projects was something he did admit.
The Toyota Mobility Concept was developed in April 2023 by the Toyota Blockchain Lab with the aim of integrating mobility with social systems in "Mobility 3.0." Over time, the protocol came to the conclusion that public blockchains built to share states with many people might be a strong alternative to achieve the goal of the Toyota Mobility Concept, per U.Today.
Improving programmability is just one of several purported advantages of using a smart account on the blockchain to decipher mobility. A Mobility-Oriented Account describes this particular blockchain account.
Toyota Explores Ethereum's ERC-4337 Standard
Toyota is interested in learning more about the Ethereum Account Abstraction standard, ERC-4337, and how to incorporate it into MOA architecture.
The protocol is certain that this integrated design can assist in reducing the problems caused by using traditional methods. The inaccessibility of certain blockchain features and the potential loss of private keys are two examples of these difficulties.
The separation of authentication and key management is an important feature of Account Abstraction. So, it's not necessarily the case that an account is lost just because a private key is lost. A more secure and adaptable alternative would be to keep the account intact in the event that the private key is misplaced.
Exploring the CREATE2 Opcode
Toyota also intends to investigate the CREATE2 opcode proposed in EIP-1014, which is an additional distinctive feature of ERC-4337. In this way, an address can be configured in advance of the account's deployment in a predictable manner.
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