The shift could make it harder for criminals to commit title fraud but other questions remain
The State of California just digitized 42 million car titles by putting them on the blockchain. It hopes that this will smooth the title transfer process and reduce fraud at the same time. California ns will have the ability to access their title information in the blockchain next year. Everyone hates going to the DMV and even more hates being the victim of fraud. The State of California thinks it can reduce fraud and trips to the DMV, which comes in the form of the blockchain.
So the first step was creating the 42 million titles associated as a token on the Avalanche blockchain, that's what the State of California DMV has already done and now what they're doing is they're creating a wallet where you download on your phone, said John Wu, president of Ava Labs to Reuters. According to the report, residents will get access to their personal records early next year.
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