1 year ago
The California Department of Motor Vehicles (DMV) is investigating retired the digitization of car titles and rubric transfers via a backstage Tezos blockchain.
The determination is portion of a collaboration betwixt the California DMV, Tezos and blockchain bundle steadfast Oxhead Alpha, with the second announcing t palmy proof-of-concept connected Jan. 25.
The California DMV has tapped Oxhead Alpha to physique connected a backstage Tezos testnet that it has dubbed a “shadow ledger.” It is fundamentally designed to go a blockchain-based replication of the agency’s existent database.
The California DMV’s main integer serviceman Ajay Gupta told Fortune connected Jan. 26 that the bureau is looking to person the shadiness ledger ironed retired wrong the adjacent 3 months.
Following connected from that, it is looking to rotation retired applications specified arsenic integer wallets to clasp and transportation NFT car titles, with the DMV acting arsenic a middleman to oversee specified operations.
“The DMV’s cognition of lagging down should decidedly change,” Gupta told Forbes.
Oxhead Alpha’s president Andrew Smith outlined that the California DMV’s blockchain inaugural volition service a wide scope of usage cases for the agency, peculiarly concerning the modernization of its existent paper-based systems.
Smith highlighted examples specified arsenic transaction fraud, successful which car sellers fell cardinal accusation astir the vehicle's information to offload a dud oregon “lemon” onto unsuspecting buyers.
While faulty vehicles person a peculiar designation connected their titles successful California, Smith noted that sellers tin determination the car implicit to different authorities and fell the faulty designations with comparative ease.
With the usage of blockchain-based grounds keeping, however, and with different DMVs perchance adopting the tech also, it would beryllium overmuch easier to integer way the existent past of vehicles, Smith suggested.
“As acold arsenic the payment for having a persistent integer title, this is simply a precise evident usage case,” helium said.
Commenting connected wherefore Tezos was a bully fit for the DMV, Smith outlined successful the firm’s Jan. 25 announcement that the blockchain “solves immoderate of the truly hard problems successful blockchain successful an elegant way.”
“The operation of liable consensus, on-chain governance, and organization people information makes Tezos a large level for delivering production-ready solutions,” helium said.
Related: Venture superior investments into blockchain proceed to free-fall: Report
The determination from the California DMV is apt to beryllium followed by others successful the authorities moving forward. In May 2022, California Governor Gavin Newsom signed an enforcement order to nonstop and research opportunities for blockchain tech integrations with authorities authorities agencies.
“California is simply a planetary hub of innovation, and we’re mounting up the authorities for occurrence with this emerging exertion — spurring liable innovation, protecting consumers and leveraging this exertion for the nationalist good,” said the governor.
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