The Department of Motor Vehicles of the largest state of the US has placed its complex and vast vehicle registration system onto the blockchain.
A new study suggests that announcement Ava Labs is the company behind Avalanche.AVAXThe State of California uses the chain for updating its title transfer systems.
What else can the Avalanche L1 perform?
California DMV has launched its own “Avalanche will modernize vehicle title transfers for the 39,000,000+ California residents.”
This is a companion piece postAva Labs claims that the process of transferring a title will take only minutes, instead of the usual 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 This move adds 42,000,000 car titles to the Avalanche chain. The collaboration is between Oxhead Alpha and the State of California. It’s the first partnership of this kind to allow users of the app access their digital titles.
John Wu of Ava Labs said the titles were already added to the Blockchain. California claims that it will launch the app as early as next year.
Don’t Miss a Beat – Subscribe Receive email alerts directly in your mailbox
Check out the latest news and updates on our website. Price Action
Please follow us X, Facebook The following are some examples of how to get started: Telegram
Search for a way to surf The Daily Hodl Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Before investing in Bitcoin or other digital assets, investors should perform their own due diligence. You are responsible for all transfers and trading. own You are responsible for any loss you might incur. The Daily Hodl neither advises on the purchase or sale of cryptocurrencies, digital assets or any other type of digital asset. Nor is The Daily Hodl a financial advisor. The Daily Hodl is an affiliate marketer.
Featured Image: Shutterstock/klyaksun
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com