The California DMV Is Putting Its Titles On The Blockchain

In California, the Department of Motor Vehicles (DMV) is trying to bring innovation in its work by decentralizing the work. According to Ajay Gupta, the chief digital officer of the Motor Vehicles Department in the state, his organization is currently in the process of transferring all registered teachers to the blockchain, or that process is still working smoothly or is currently in progress. Is in trend. The project which started in 2020 and was closed due to the pandemic or due to the effect of covid-19 the project had to be locked, surely all in the state to give a modern trend to its registry and operation The vehicle will prepare a “shadow ledger” of teachers. This new system will be built on top of the Tezos blockchain and will be built or built in partnership with “Oxhead Alpha”, a crypto company with the best development model. The system will be managed by the Department of Motor Vehicles in a privately managed instance in the Tezos blockchain that is already functioning to validate operations and is running with corresponding nodes. We can say that Fortune Crypto reports that the California Department of Motor Vehicles is expected to finalize the setup of this system in the next 3 months and start building apps that are unique to customers. -Offer distinct functional requirements and at the same time help in providing the customers with an assuredly great customer experience. Certainly the current system is designed to protect buyers in the future and will continue to be designed specifically to protect buyers as well as allowing cars registered in other states to be sold without their designation. We do. If we talk, one application of this system would be to create a global registry of the country’s car, linking it to a similar system for other states and depending on how much interest other regions have in legally implementing the blockchain system. visible or how much other areas are committed or excited about it. One of the most anticipated applications would be to allow customers to transfer titles in the form of NFTs using a consumer app managed by the Department of Motor Vehicles and given that the users must verify all their statements in order to do so. or meet the requirements and comply with them. As per the statements of Ajay Gupta such functionality is based on its region while he did not tell about the exact time frame for the launching of this feature and definitely we can say that the information of the time frame is still a secret.

LEAVE A REPLY

Please enter your comment!
Please enter your name here