09/23/2024

California DMV Puts 42 Million Car Titles on Blockchain to Fight Fraud

Source: Fleet Management Weekly

California’s Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology in a bid to detect fraud and smoothen the title transfer process.

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.

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.

via Reuters