California DMV Puts Vehicle Registration System on Avalanche (AVAX) to Prevent Fraud: Report
The Division of Motor Autos (DMV) for essentially the most populous state within the US is putting its huge and complicated car registration system on the blockchain.
In accordance to a brand new announcement from Ava Labs, the event agency behind Avalanche (AVAX) the State of California is utilizing the chain to replace its title switch system.
“What else can an Avalanche L1 do?
The California DMV is launching its personal chain on Avalanche to modernize the car title switch expertise for CA’s 39M+ residents.”
In an accompanying post, Ava Labs says the brand new system will permit the title switch course of to take minutes as an alternative of weeks.
“Trusted transfers is one of the main challenges for any e-titling solution to succeed. Bringing these titles onto an Avalanche L1 brings full transparency and added security, and will allow vehicle owners to track and manage their pink slip titles digitally.”
Reuters reports that the transfer locations 42 million automotive titles onto the Avalanche blockchain. It’s a collaboration between the State of California and Oxhead Alpha, a partnership that may permit drivers to entry their digital automotive titles via an app, the primary of its form in america.
In accordance to Ava Labs President John Wu, the titles have already been added to the blockchain. As for the app, California says it may roll out as early as subsequent yr.
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Featured Picture: Shutterstock/klyaksun
