The California Department of Motor Vehicles (DMV) is presently evaluating the digitization of the titles of its cars as well as their title transactions. For this, the platform utilizes the private blockchain named Tezos.
This move is included in a partnership between the California DMV, Oxheads Alpha (a blockchain software company) as well as Tezos. Oxheads Alpha declared an effective proof-of-concept.
California DMV Moves Forward to Digitize the Management System of Car Titles via Tezos
The California DMV has joined hands with Oxhead Alpha to construct a private testnet on Tezos under the title “shadow ledger.” The respective testnet is fundamentally structured to turn into a copy of the platform’s present database established on the blockchain.
Ajay Gupta, the chief digital officer of California DMV, stated that the organization is pursuing to obtain a shadow ledger established in the upcoming three months.
After that, its target is to launch applications like digital wallets to keep as well as transact car titles in the form of non-fungible tokens (NFTs). During this procedure, DMV’s role will be that of a middleman administering the respective activities.
The DMV’s View of lagging remaining at the back end should be modified, as per Gupta. Andrew Smith, the president of Oxhead Alpha, delineated the blockchain endeavor of California DMV.
He mentioned that the respective move would cope with a broad array of use cases to facilitate the agency, especially concerning the update of its present paper-based systems.
Smith referred to the instances like transfer fraud, where the entities selling cars conceal crucial information regarding the condition of the vehicle to sell it to unsuspecting purchasers.
On the other hand, he added, California has particularly designated faulty vehicles in the case of their titles. As per Smith, the purchasers can deliver the car to some other state to conceal its faulty designations according to the intention.
The utilization of record keeping is now being based on blockchain technology. It is also a fact that the rest of the DMVs are likely embracing the technology.
In this way, it would be very convenient to digitally track the vehicles’ history, according to Smith. While remarking on the reason why the DMV had Tezos as its good fit, he cited the declaration of the company that it made on the 25th of January.
In Smith’s words, the statement disclosed that a few of the difficult issues in blockchain could be elegantly resolved by the use of blockchain.
He said that a merger of on-chain governance, responsible consensus, and organizational-level security turns Tezos into a remarkable platform.
As a result of this, it can deliver production-ready solutions, as he puts it. The step taken by the California DMV has the potential to be trailed by others across the state in the coming time. Back in 2022’s May, Gavin Newsom (the Governor of California) inked an executive order.
Californian Governor Intends to Utilize Blockchain Technology for Client Protection and Innovation
The respective order directed as well as delved into the opportunities dealing with blockchain technology-related integrations with the agencies operating under the state authorities.
California is known as a worldwide center for innovation, as specified by the governor. He asserted that they are organizing the state to succeed with the respective new technology. Newsom added that this would pave the way for innovation, customer protection, and so on.
