The Department of Motor Vehicles (DMV) in California is set to use blockchain technology for record keeping, including the issuance of car ownership and the simplification of transfers of such ownership.
The DMV is working with a private fork of the Tezos blockchain, an open-source blockchain that can execute peer-to-peer transactions and serve as a platform for deploying smart contracts.
The move is part of a collaboration between the California DMV, Tezos, and blockchain software firm Oxhead Alpha, which announced the successful completion of a proof-of-concept blockchain-based vehicle titling solution on January 25.
Ajay Gupta, the chief digital officer at the California DMV, said he hopes the plans to materialize the title database on blockchain will come to fruition in the next three months, following which the agency also aims to build consumer-facing applications, including digital wallets that hold car title NFTs.
