Users will soon be able to claim their digital titles via the DMV's application, track and manage them without getting to the office. The time to transfer vehicle titles drops to a few minutes using blockchain rails in the backend from two weeks via the traditional process.
Efforts to deploy blockchain tech have mostly focused on financial services, tokenizing real-world assets for faster transactions. DMV's blockchain implementation shows similar benefits for bureaucratic processes and managing large databases in the public service sector.
"Blockchains are the most advanced tool any organization can leverage to maximize efficiency, maintain compliance, and protect consumer data - vital components for a government serving its constituents," said John Wu, president of Ava Labs.
[
Collection
]
[
|
...
]