*💥✋️💥California DMV Adopts AVAX Blockchain for Efficient Vehicle Title Transfers*$AVAX
The California DMV has adopted the AVAX blockchain to streamline vehicle title transfers ¹. Here are some key points about the adoption:
- *42 million car titles digitized*: The California DMV has digitized 42 million car titles on the Avalanche (AVAX) network
- *Faster title transfers*: The new system will allow users to transfer vehicle titles in minutes, compared to the traditional two-week process
¹.- *Increased efficiency*:
The blockchain-based system is expected to increase efficiency and reduce the need for in-person visits to the DMV ².-
*Fraud prevention*: The system will also provide an early warning system for lien fraud and an immutable ledger.
- *Partnership with Oxhead Alpha*: The California DMV partnered with Oxhead Alpha, a crypto infrastructure and software development company, to develop the blockchain-based system .
- *Avalanche blockchain*: The system uses the Avalanche blockchain, which is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second .