CHINA – 2023/11/03: In this photo illustration, the cryptocurrency electronic cash Bitcoin (BTC, Remember when ‘connected cars’ were a big deal? Only a few years ago, WiFi-enabled vehicles seemed dazzlingly futuristic; now, they’re completely unremarkable. Well, yesterday, I made a fascinating discovery that highlights the next major evolution in automotive – and it’s all to do with ownership. My friend’s car title in West Virginia has gone digital. It now exists onchain and the Department of Motor Vehicles (DMV) used AI to streamline the process. That might sound like a gimmick, but it’s actually incredibly significant – and not just for the auto industry. Why does it matter? For exactly the same reasons we represent other assets on the blockchain: it’s a game-changer for security and transparency. The title […]
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