California authorities are going to monitor transport using the Tezos blockchain – Bits Media

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

Representative of the department Adai Gupta (Ajay Gupta) stated, that DMV is already digging vehicles in test mode based on TEZOS blockchain. IN In addition to the regulator and Tezos, the project is also attended by the developer of the software Oxhead Alpha.

DMV turned to Oxhead Alpha to create a “shadow registry” based on the TEZOS network with the intention of making a project something like a copy of the existing database based on a blockchain. The launch of the new system should occur in the coming months.

The Department has plans to release applications like digital wallets, intended for storage and exchange of NFT tokens for cars. DMV will be in the role of a kind of intermediary, which will monitor operations.

Recall, that the other day the US authorities introduced a road map of cryptocurrency regulation.