Web3 Hackathon on Astar sponsored by Toyota Motor Corporation

Toyota Motor Corporation, Japan’s largest conglomerate with over 330,000 employees worldwide, is sponsoring its first ever global Web3 hackathon. It has chosen Polkadot parachain Astar Network to make Web3 use cases for Toyota’s employees.

By PolkadotJanuary 31, 2023

Toyota Motor Corporation, Japan’s largest conglomerate with over 330,000 employees worldwide, is sponsoring its first ever global Web3 hackathon. It has chosen Polkadot parachain Astar Network, the smart contract platform for multichain, to make Web3 use cases for Toyota’s employees.

Toyota is looking to Web3 to support its vision of improving the company's operations, and this online hackathon is an initial step in the process. Developers from around the world are invited to build an intra-company DAO support tool on the Astar Network that allows anyone to create teams, issue governance tokens, and vote without needing to understand the details of Web3.

Toyota could use the tools created during the hackathon to improve operational transparency and efficiency. Astar Network will provide the environment for developers and will also be responsible for product development support.

In recent years, managers in various companies have been burdened with workload due to an increase in business decision-making and team management. Both Astar Network and Toyota believe that we could manage projects as a DAO where the decision-making is distributed among participants. It will not only reduce the managers’ workload but also help team members have a greater impact on the company’s growth. That’s why the theme of this hackathon is developing a DAO support tool for companies.

Sota Watanabe, the Founder of Astar Network, said, “Needless to say, Toyota is the largest company in Japan and one of the world's leading international companies. We are very excited to be hosting the Web3 Hackathon on Astar with Toyota. During the event, we aim to develop the first Proof-of-Concept DAO tool for Toyota’s employees. If a good tool is produced, Toyota employees will interact daily with Astar Network. Sometime in the future, I think we will see blockchain integrations in cars. Today, we are still in the exploratory stage, but very excited about the various possibilities.”

Individuals as well as teams of up to four developers have until Tuesday, February 14th to sign up for the Web3 Hackathon by Toyota. They will attend a kick-off event on February 25th and then have until March 18th to build their products. The first round of judging will take place on March 23rd, and groups that pass the first round will be able to participate in the pitch event on March 25th.

The hackathon is set to take place in the COSMIZE Event Hall, the first metaverse on the Astar Network. While Toyota Motor Corporation is the main sponsor, Astar Network and Web3 Foundation will be Sub-sponsors. HAKUHODO KEY3, a joint venture co-founded by Sota Watanabe and Japan’s 2nd largest advertising company HAKUHODO, is also a sponsor. HAKUHODO KEY3 develops Web3 services with clients while planning and managing Web3 hackathons.

Takumi Sano, the Board member of HAKUHODO KEY3, said, “We are very excited to see what new web3 services will be built under the sponsorship of Toyota Motor Corporation. This could be an important hackathon that will change the course of history. We look forward to your participation.”

Astar Foundation will provide $75,000 in the form of ASTR token for this hackathon while Web3 Foundation will sponsor it with $25,000. The combined $100,000 will be used to reward the winning projects chosen by Toyota, Astar Foundation, Web3 Foundation, Alchemy, and HAKUHODO KEY3.

Astar Network is the go-to Layer-1 blockchain for developers and companies building for the Japanese market. The government, enterprises, and Web3 solutions in Japan are actively working with Astar to bring together a global platform originating from Japan.

Over 70 decentralized applications have been built on Astar’s reliable blockchain since its mainnet launch in January 2022. Astar's native token, ASTR, is already listed on Bitbank, one of the largest Japanese exchanges. This accessibility makes it easy for Japanese enterprises and startups to grow a Web3 business by developing applications and use cases on Astar Network.

About Astar Network

Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability with cross-consensus messaging (XCM) and a cross-virtual machine (XVM). Astar’s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for their code and the dApps they build.

One of the first parachains to come to the Polkadot ecosystem, Astar is a vibrant network that is supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Hub for top TVL dApps.

Media inquiries: press@parity.io

More from newsroom

July 2024: Key network metrics and insights

Welcome to your go-to source for the latest tech updates, key metrics, and discussions within Polkadot, brought to you by the Parity Success Team. This blog series covers a variety of topics, drawing insights from GitHub, project teams, and the Polkadot Forum.

Polkadot 2.0: The rebirth of a network

Polkadot 2.0 reimagines blockchain with a bold rebrand and powerful features: Agile Coretime, Async Backing, and Elastic Scaling. Step into a more flexible, faster, and scalable network. Learn about the improvements and changes that led to this next era of Polkadot.

Meet the Decentralized Futures grant recipients: transforming ideas into impact on Polkadot

The Decentralized Mic is here to spotlight the innovative projects and teams driving Polkadot’s growth. Join us as we explore the achievements of Decentralized Futures grant recipients and their contributions to the Polkadot ecosystem on the new ecosystem community call series.

The ultimate 2024 Polkadot grants and funding guide

Explore Polkadot ecosystem funding: grants, venture capital, bounties, and community initiatives. Discover opportunities for blockchain builders today.

Decoded 2024: Polkadot’s vision for a decentralized future

Polkadot Decoded 2024 in Brussels brought together top blockchain minds to explore the future of Web3. Highlights included Björn Wagner's insights on payments and Dr. Gavin Wood's vision for digital individuality. Showcasing technical breakthroughs and real-world use cases, Polkadot affirmed its leadership in the multi-chain future.

June 2024: Key network metrics and insights

Welcome to your go-to source for the latest tech updates, key metrics, and discussions within Polkadot, brought to you by the Parity Success Team. This blog series covers a variety of topics, drawing insights from GitHub, project teams, and the Polkadot Forum.

Introducing the New Polkadot Ledger App

Discover the new Polkadot Ledger app for seamless, secure transactions. Now available on Ledger Live, it supports Polkadot, Kusama, and more.

Polkadot’s May Ecosystem Insights

Welcome to your go-to source for the latest tech updates, key metrics, and discussions within Polkadot, brought to you by the Parity Success Team. This blog series covers a variety of topics, drawing insights from GitHub, project teams, and the Polkadot Forum.

Top takeaways from the decentralization panel at Consensus

Consensus by Coindesk 2024: a blockbuster success

Empowering Decentralization: Polkadot DAO Allocates 3M DOT for DeFi Growth

With an overwhelming majority of voters in favor, the Polkadot community has chosen to allocate 3 million DOT to enhance the ecosystem’s decentralized finance (DeFi) landscape. Made through three separate proposals via Polkadot’s decentralized governance (OpenGov), this decision provides an accessible, deep layer of native liquidity to help the ecosystem flourish. It also demonstrates the power of community-driven initiatives to shape the future of decentralized finance.Hydration (formerly known as HydraDX) focuses on improving DeFi liquidity, while StellaSwap aims to optimize the efficiency of automated market makers (AMMs).

Consensus 2024: Get Ready, Get Set, Polkadot

Polkadot is revving up for Consensus 2024 in Austin, Texas, from May 29th to May 31st. The road to this year’s conference is fueled by the community Indy 500 sponsorship and ecosystem teams and is set to be an unforgettable journey into Polkadot.

Async Backing: The way to 10x throughput lift on parachains

Parity engineer Dmitry Sinyavin explains how blockchains on Polkadot can achieve a 10x throughput increase through a combination of async backing and proof-of-validity (PoV) reclaim, enhancing transaction efficiency and scalability.