In July, the California Department of Motor Vehicles announced a move to transfer vehicle titles to an Avalanche (AVAX) subnet, sparking discussions on the effectiveness of blockchain technology in this context. While blockchain offers traceability and transparency benefits, the control by a single entity or a few affiliates raises concerns about its utility as a database. Permissionless networks like Bitcoin and Ethereum are seen as more secure due to their decentralized nature. However, for non-fungible assets like vehicle titles, smart contracts may not be a feasible solution due to legal and practical constraints. Instead, exploring options like zero-knowledge proof of ownership on a public chain for integration with DeFi could lead to more meaningful innovation. Overall, the article emphasizes the need for thoughtful consideration when implementing blockchain solutions in real-world scenarios. Read more AI-generated news on: https://app.chaingpt.org/news