ChainCatcher news, according to Cointelegraph, automotive giant Ford and Toyota applied for a total of 43 blockchain-related patents in the second quarter of this year. Among them, Ford's patent applications increased from 3 in the first quarter to 14 in the second quarter, while Toyota's applications rose from 25 in the first quarter to 29 in the second quarter. The patents include introducing smart contracts into vehicle management, establishing blockchain systems for managing vehicle NFTs, and more.

ChainCatcher news, Toyota Blockchain Lab published a blog post stating that it is researching how to introduce mobility into public blockchains. Exploring the construction of "MOA" (Mobility-Oriented Account) based on the account abstraction standard ERC-4337 in the Ethereum ecosystem.MOA account abstraction separates the authentication process from key management, ensuring that even if the private key is lost, the account itself can be retained. This makes account management more secure and flexible. By preserving a state available for external reference, information related to vehicles (such as usage history and maintenance records) can be managed more transparently and efficiently.In addition, MOA allows operations to be executed with the approval of multiple entities (rather than a single entity). This enables various stakeholders, including vehicle users, owners, manufacturers, dealers, and regulatory agencies, to participate in the approval process for vehicle-related transactions.It is reported that the Toyota Blockchain Lab is an organization established within the Toyota Group in 2019, aimed at promoting the use of blockchain. Initially focused on corporate projects related to material and information traceability, its activities have recently expanded to include public chain-related topics such as web3 and innovative finance.

ChainCatcher news, carbon-neutral blockchain application Nori announced the completion of a new funding round of $6.25 million, with current investors M13, Toyota Ventures, Placeholder, Cargill, and others leading the round. The new funds will be used to expand the business. It was also announced that Trudeau has been appointed as the new CEO, while Paul Gambill, who served as CEO and co-founder of Nori for the past five years, will remain on the board and take on a new role as Chief Product Officer.According to the crypto data platform Rootdata, Nori has built an end-to-end carbon removal marketplace based on blockchain, dedicated to removing carbon dioxide from the atmosphere to address climate change. Nori completed a $7 million Series A funding round last March, and to date, Nori's total funding amount has reached $17.25 million. (Source link)