It’s not the world’s first chain-based property transfer protocol, but it could be one of the most impactful, given its scale and prominence.
In the United States, dealing with the Department of Motor Vehicles, or DMV, is no one’s idea of fun, but in California, it just got easier — and safer.
In one fell swoop, the Golden State tokenized 42 million car titles and put them on the Avalanche blockchain.
Californians will no longer need to wait in lines at the local DMV to transfer car titles to their names. Instead, they can claim their vehicle titles through a mobile app.
