Polygon

<div class="sg-post-des">
  Toyota continues its ongoing exploration into integrating blockchain technology within its corporate and developmental ecosystems. 
</div> 
<div class="cointelegraph"> 
 <p>The Toyota GR Cup, a North American racing series held by Toyota Gazoo Racing, recently announced it will start awarding <a rel="noopener noreferrer nofollow" title="digital" href="https://thebittimes.com/tag/digital.html">digital</a> <a rel="noopener noreferrer nofollow" title="trophies" href="https://thebittimes.com/tag/trophies.html">trophies</a> and record driver performances on the Polygon block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a>.&nbsp;</p> 
 <figure> 
  <img src="https://cdn.thebittimes.com/images/2023/08/02/43e2112c8bbb23b3f867c93d98fc4e1b.webp"> 
  <figcaption style="text-align: center;">
    Image source: Toyota press release. 
  </figcaption> 
 </figure> 
 <p>Per a press release, the new on-chain awards system will include digital trophies for podium finishers (drivers who take first, second, or third place in a race). The ledger entries will also include statistics about the race and the drivers performance. </p> 
 <p>According to Jack Irving, executive commercial director for Toyota Racing Development (TRD), the point of the program is to put driver’s accomplishments on <a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> so fans can interact with them:</p> 
 <blockquote>
   “Blockchain helps us keep a permanent digital record of drivers' achievements that they can share with their friends, family and fans. It also allows us to develop new opportunities to introduce race fans to our partners.” 
 </blockquote> 
 <p>Toyota’s Gazoo Racing league and the GR Cup were designed as a fan-forward series of events. Much like the gameplay arc of many of the most popular current racing video games, real-world GR Cup drivers all start off with a stock vehicle (in this case, a Toyota GR86) featuring only factory-available options. </p> 
 <p>The driver’s vehicle is then sent to a TRD garage — the term "Gazoo" means "garage" — where it’s fitted with official Toyota racing gear. This puts each driver on equal footing when the race starts, as their hardware is standardized across the grid. </p><iframe width="100%" height="315" src="https://www.youtube.com/embed/jPVkoxMeBLQ" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> 
 <p>Toyota’s been involved in the block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> space since at least 2016 when the company joined the R3 Consortium in a partnership to research and develop block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> technologies. The company subsequently established its Toyota Block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> Lab in 2019.</p> 
 <p><strong><em>Related: </em></strong><strong><em>Toyota to explore blockchain use cases via DAO hackathon</em></strong></p> 
 <p>It’s unclear at this time whether fans will be able to directly interact with digital trophies or if the company intends to mint any form of digital collectibles. TRD did not immediately return a request for comment. </p> 
 <p>According to the press release, drivers will be able to access their previous accomplishments “quickly and easily” before and after events. The next races in the series take place at the Big Machine Music City Grand Prix in Nashville, Tennessee, August 4-6.</p> 
 <template data-name="subscription_form" data-type="nifty_newsletter"></template> 
</div>

Toyota GR Cup will award digital trophies on Polygon blockchain to race winners

TheBitTimes

Autres articles publiés le 1 août 2023

XRP Perpetual Futures Volume Data Indicates Massive Price Rally Above $1: Kaiko

Will Global Payments Inc. (GPN Stock) Rebound From 200-Day EMA?

Pro-XRP lawyer Jeremy Hogan’s scam tweet bonanza finally falls silent

Former Mt. Gox CEO Mark Karpelès Makes Important Statement to Its Creditors: Details

Hoskinson Takes a Swipe at Ethereum While Hailing Cardano’s Innovations

Tremendous SHIB Stash Burned in July as 'Summer of Shibarium' Unveiled

Join our free newsletter for daily crypto updates!