“California DMV Adds 42M Car Titles to Blockchain”

“California DMV Adds 42M Car Titles to Blockchain”, California’s Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology to improve fraud detection and streamline the title transfer process. The agency, along with its technology partners, revealed this update exclusively to Reuters on Tuesday.

The project, in collaboration with tech company Oxhead Alpha on Ava Labs’ Avalanche blockchain, will allow California’s more than 39 million residents to claim their vehicle titles through a mobile app, the first such move in the United States.

The project, in collaboration with tech company Oxhead Alpha on Ava Labs’ Avalanche blockchain, will allow California’s more than 39 million residents to claim their vehicle titles through a mobile app, the first such move in the United States.

Digitizing car titles will reduce the need for in-person DMV visits and the blockchain technology will also function as a deterrent against lien fraud.

Blockchain technology can help detect lien fraud by creating a transparent and unalterable record of property ownership, making it difficult for fraudulent activity to go unnoticed.

“So the first step was creating the 42 million titles associated as a token on the Avalanche blockchain, that’s what the State of California DMV has already done and now what they’re doing is they’re creating a wallet where you download on your phone,” said John Wu, president of Ava Labs.

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