California Leads the Way as U.S. Federal, State Agencies Consider Blockchain’s Applications: Bank of America

The venture is seen as a primary step with the potential for extra performance, the observe stated. These could embrace the power to document repairs inside the NFT, to make use of stablecoins because the fee leg for “atomic title transfers” and permit vehicle-licensing businesses from different states to hitch the platform to allow them to profit from the identical efficiencies in addition to producing incremental efficiencies associated to cross-state car gross sales.