The Sri Lanka deployment of eTukTuk became the latest EVs company to use blockchain technology in its products.
In the present time blockchain technology is getting significant traction in the all tech industry. In the past, many electric vehicle companies showed a significant inclination toward blockchain technology & based AI innovations in their products to make them smarter & better for the customers. Even the top electric car producer company Tesla uses blockchain technology-based AI services.
Recently CityAM reported that the Sri Lanka deployment of eTukTuk became the first electric vehicles company to use the Cardano blockchain. This news officially came to light on the second day of the World Economic Forum (WEF) event taking place in Davos, Switzerland.
Tuk company aims to expand its network & increase the scale of the production of its eTukTuk. For charging stations network information, it will integrate the Cardano blockchain network.
Reportedly, to this date, 1.2 million traditional internal combustion engine (ICE) TukTuk in Sri Lanka are running on roads, obviously causing huge air pollution. By addressing these issues, this eTukTuk company will collaborate with influential companies & government authorities.
Cardano blockchain is a popular Proof-of-stake (PoS) consensus-based blockchain network, which was founded by Charles Hoskinson. Hoskinson is also co-founder of the Ethereum blockchain and after leaving the Ethereum project he launched Cardano as a commercial blockchain network.
Input Output Hong Kong Global (IOG) is a developer company behind the Cardano blockchain and devs continuously work on the Cardano network enhancement so that Cardano can be used with a better potential.
ADA coin is the native token of the Cardano network and the current price of ADA coin is $0.3384 & this price is 34% high over the last 30 days of trade price.
Read also: Genesis COO deletes his Twitter account