Toyota Explores Blockchain to Digitize Vehicle Ownership

The blockchain has gained popularity as it introduced cross-border transactions and the creation of borderless networks, which have become increasingly prominent in the real-world assets (RWAs) space. However, in this asset class, specifically mobility, it cannot be simplified and removed from boundaries created by commercial practices, regulations, and institutional frameworks. Toyota’s Blockchain Lab, the R&D arm of the carmaker, has been busy exploring the blockchain and its potential applications in its vehicles, potentially overcoming traditional hurdles such as registration, insurance, and maintenance, among others, by creating a verifiable “Trust Chain” that represents multi-party relationships on-chain.

Current-Day Obstacles They proposed a concept called the Mobility-Oriented Account (MOA) last year, to understand this framework from the perspective of the connection between the user and ￰0￱ initiative aimed to describe mobility as an “abstract account,” but it also exposed that the notion could not completely capture the complex relationships involved in ￰1￱ most recent paper is a continuation of the research from a different point of ￰2￱ attempted to outline mobility from an individual entity, whereas the current goal is to describe it with the network in ￰3￱ can already grasp mobility as part of a network, given the complex relationships that encapsulate it.) This new concept is a protocol-layer blockchain architecture designed to orchestrate trust and unlock the value of mobility assets across organizational, industrial, and national ￰4￱ combines three on-chain verified proofs, or Trust Chains, as a single one cannot fully outline mobility asset ￰5￱ Proof: Vehicle title/registration, insurance compliance, to establish legality Technical Proof: VIN, manufacturing data, sensor integrity, to ensure it’s fit for purpose Economic Proof: Usage metrics, maintenance, and revenue history, to attest to economic value This is how the MON concept addresses the organizational ￰6￱ introduction of Trust across sectors is addressing the industrial gap, connecting them seamlessly, which, in itself, reinforces the value of ￰7￱ can think of it as a catalyst, with its primary role being to orchestrate the many networks that work together.): Holds finalized institutional and economic proofs U‑MOA (Utility-side): Manages real-time operational verifications (e.

g., driver credentials, vehicle status) Additionally, a tokenization framework must be present, enabling a gradual transition from non-fungible mobility ownership (via NFTs) to fungible financial ￰8￱ reflects its evolving nature—from ownership to ￰9￱ It Looks As A Prototype MON employs a multi-chain approach, utilizing Avalanche as its foundational layer, and deploys separate chains for Trust (MON), Capital (tokenized assets), Utility (mobility operations), and Stablecoin networks—all interconnected via Avalanche’s Interchain Messaging (ICM) system.