• The California Department of Motor Vehicles (DMV) is partnering with Tezos blockchain and crypto software firm Oxhead Alpha to create a private blockchain.
• The distributed ledger would contain all data from the state’s database, helping the agency combat title fraud and enabling owners to transfer ownership of vehicles through the blockchain.
• Ajay Gupta, the chief digital officer at the California DMV, believes the blockchain will help the DMV combat the perception that it is lagging in tech.
The California Department of Motor Vehicles (DMV) is taking a bold step into the future by partnering with Tezos blockchain and crypto software firm Oxhead Alpha to create a private blockchain. This distributed ledger would contain all data from the state’s database, helping the agency combat title fraud and enabling owners to transfer ownership of vehicles through the blockchain.
Ajay Gupta, the chief digital officer at the California DMV, revealed the collaboration in an interview with Fortune. Gupta believes the blockchain will help the DMV combat the perception that it is lagging in tech. He noted that the agency hopes to create its own “shadow ledger” in the next three months, after which the DMV would be ready to build customer-facing applications.
The use of blockchain technology in government has many potential use cases. In addition to the DMV’s blockchain network, many private and public institutions are embracing the benefits of distributed ledger tech. For instance, blockchain software firm ConsenSys details several DLT use cases such as digital identity and asset management, property rights, and smart contracts.
The blockchain network created by the DMV and Oxhead Alpha is expected to revolutionize the way owners transfer ownership of vehicles. The system should also help reduce fraud, since all data will be stored on the distributed ledger. The DMV hopes that its blockchain network will make the process of transferring vehicle titles easier and more secure.
Ultimately, the use of blockchain technology in government is an exciting development that could greatly improve the efficiency of many processes. The DMV’s collaboration with Tezos and Oxhead Alpha is proof of this, and the agency hopes that its blockchain network will help it combat the perception that it is lagging in tech.
