Although it is still new, blockchain is being used more in the public sector. An interesting example of this is the California State Department of Motor Vehicles who has collaborated with the blockchain thesis and alpha ox heada crypto company.
Together, a dedicated blockchain system will be developed that will allow car titles and other vehicle-related information to be stored as NFTs on a blockchain.
Image Credit: California DMVDriving towards the blockchain
The goal of this initiative is to speed up the times for processes like title transfers, which is appropriate given the DMV’s reputation for being a slow bureaucratic establishment.
“The DMV perception of falling behind should definitely change,” said Ajay Gupta, the California DMV’s chief digital officer, adding that the project started years ago but stalled due to the COVID-19 pandemic.
Andrew Smith, President of Oxhead Alpha, also highlighted the benefits this initiative will bring to users. By having this type of data recorded on a blockchain, there is less chance of people being tricked into buying low-quality vehicles, for example. The private blockchain that will be produced by this association will have higher security compared to public ones and customer-facing applications could even be on the cards.
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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has been featured on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
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