May 20, 2024

California authorities are going to monitor transport using the Tezos blockchain

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California authorities are going to monitor transport using the Tezos blockchain

California Department of Motor Vehicles (DMV) intends to change the current car accounting system.

Department spokesman Ajay GuptaGupta) stated that the DMV is already digitizing vehicles in test mode based on the Tezos blockchain. In addition to the regulator and Tezos, software developer Oxhead Alpha is also participating in the project.

The DMV turned to Oxhead Alpha to createa “shadow ledger” based on the Tezos network, with the intention of making the project something like a blockchain-based copy of the existing database. The new system should be launched in the coming months.

The department has plans to releaseapplications like digital wallets designed to store and exchange NFT tokens for cars. The DMV will be in the role of a kind of intermediary who will monitor the operations.

Let us remind you that the US authorities recently presented a roadmap for the regulation of cryptocurrencies.