Avalanche Blockchain Integration Streamlines Vehicle Title Transfers at California DMV
The California DMV has integrated 42 million vehicle titles onto the Avalanche blockchain, using AVAX as its native token.
Developed by Oxhead Alpha, this system allows for vehicle title transfers within minutes, cutting down the traditional two-week processing time. This move aligns with California’s efforts to fight fraud and reduce in-person DMV visits. Reflecting the state’s dedication to modernizing services through blockchain technology.
Avalanche, launched by Ava Labs in 2020, is a smart-contract platform designed for scalability and rapid transaction processing, competing with Ethereum. AVAX is utilized for transaction fees, network security via staking, and governance.
Clever Robot News Desk 2nd August 2024
Related Article
