• The DMV in California is partnering with Tezos and Oxhead Alpha to create its own private blockchain to manage vehicle titles and combat title fraud.
• The agency hopes to create its own “shadow ledger” in the next three months, and then build customer-facing applications.
• The DMV blockchain network is just one example of the potential use cases for blockchain tech in government.
The California Department of Motor Vehicles (DMV) is embracing the potential of blockchain technology to revolutionize the way it manages vehicle titles. The agency is partnering with Tezos, a blockchain and crypto software firm, and Oxhead Alpha to create its own private blockchain.
The DMV’s distributed ledger would be a private version of the Tezos blockchain and would contain all data from the state’s database. This would help the agency combat title fraud, as well as enable owners to transfer ownership of vehicles through the blockchain. The agency hopes to create its own “shadow ledger” in the next three months, and then build customer-facing applications.
Ajay Gupta, the chief digital officer at the California DMV, revealed the collaboration in an interview with Fortune. He said, “The DMV’s perception of lagging behind should definitely change.” He believes that blockchain technology has the potential to revolutionize the way government does business, and that the DMV blockchain network is just one example of the potential use cases for blockchain tech.
Other potential applications of blockchain tech in government include creating digital identities, streamlining the voting process, securely managing healthcare data, and creating digital currencies. Blockchain technology could also be used to ensure the accuracy of data, prevent fraud, and ensure transparency.
The DMV’s partnership with Tezos and Oxhead Alpha is a big step forward in using blockchain technology to improve the way government does business. It will be interesting to see how this project progresses, and how other government agencies begin to embrace the potential of blockchain technology.