2024-07-30 23:55:08
Blockchain
Technology

Advancing Transactional Freedom Through Blockchain in California

California DMV has digitally transformed 42 million car titles on the Avalanche network, streamlining title transfers and enabling users to manage them remotely. The blockchain technology has significantly cut transfer time from weeks to minutes, offering efficiency and data protection.

Oxhead Alpha spearheaded the system's development, showcasing the benefits of blockchain in governmental services. Simultaneously, there is a rising trend in tokenizing real-world assets.

Highlighting the significance of transactional freedom, Robert F. Kennedy Jr. emphasized its equality to freedom of expression. The deployment of blockchain in financial services, with a focus on asset tokenization, continues to expand beyond traditional sectors.

CoinDesk
30. Juli 2024 um 20:37

California DMV Puts 42M Car Titles on the Avalanche Network in Digitization Push Transactional Freedom Is 'as Important as Freedom of Expression': Robert F. Kennedy Jr.

Cryptocurrencies & blockchain
Politics
Finance
Technology
California DMV digitized 42M car titles on Avalanche network to modernize title transfers. Users can claim digital titles, track and manage them without visiting office. Blockchain reduces transfer time from 2 weeks to minutes. Oxhead Alpha developed the system. Blockchain can bring efficiency, compliance, and data protection benefits to government services. Tokenization of real-world assets is a growing trend. Robert F. Kennedy Jr. says transactional freedom is as important as freedom of expr..
Cointelegraph.com News
30. Juli 2024 um 18:51

California DMV building blockchain on Avalanche for title transfers

Cryptocurrencies & blockchain
Technology
Politics
California's DMV is building an Avalanche blockchain to digitize 42 million car titles for the state's 39 million residents. Titles will be claimable on a DMV mobile wallet using verifiable credentials, with Avalanche smart contracts mediating transfers, potentially reducing physical DMV visits. This is part of Governor Newsom's blockchain integration vision, as Avalanche C-Chain integrated with Stripe and eight Avalanche Web3 apps, per Ava Labs president John Wu.
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