The transfer sees the DMV digitize 42 million on Avalanche (AVAX) to simplify title administration.
California’s Division of Motor Automobiles (DMV) is digitizing 42 million automobile titles as a way to modernize the title switch course of.
The DMV is working alongside Oxhead Alpha and Avalanche to construct a blockchain-based car title resolution. The implementation will streamline title administration for California’s 39 million residents.
Oxhead introduced the implementation which is in-line with California’s blockchain govt order that goals to “create a clear and constant enterprise setting for corporations working in blockchain, together with crypto belongings and associated monetary applied sciences”.
The digital titles shall be obtainable for declare by car homeowners by way of the DMV’s cell pockets app, and can permit for good contracts to mediate future title transfers, lowering residents’ essential journeys to the DMV and submit workplace.
In January 2023, Oxhead initially introduced a proof-of-concept for the product on Tezos, and it’s unclear whether or not there may be nonetheless any improvement on Tezos blockchain concerning California’s DMV titles.
Oxhead didn’t reply to requests for remark.
Mark Cuban tweeted that the event is “HUGE for crypto” as a result of “individuals holding the tokens may have an app with a(n) Avalanche pockets,” they’ll additionally use for different purposes.
