A lot has been augured, hoped and dissected about blockchain’s use in a public sector entity. So, when someone as huge and legacy anchored as the Unites States Department of Motor Vehicles (DMV) uses blockchain, it’s like steering a heavy vehicle in a new terrain – untrodden and unmapped. But it could also mean a new, faster and better way that no one has discovered yet.
We navigate some signposts of this new road with Will Treves, Chief Operating Officer of Cario (a venture that describes itself as a transparent and secure network that enables the digitisation of car titles for radically quicker, cheaper, and safer automotive transactions).Will’s earlier stints include names like IAC Inc., PlayStation and Atari. Here, he tells us what it takes to park a public sector giant in the shiny new spot called blockchain. Specially when it’s about the DMVs, automotive and title companies.
▾ The company – as you explained earlier- is at the forefront of blockchain’s emergence in America’s Department of Motor Vehicles (DMVs), automotive and title companies. What’s Cario’s approach to blockchain? How is it distinctive to what others are doing?
Cario is revolutionising the car title itself and the platform to transfer it. To achieve this, we’re taking a hybrid approach to building a network solution based on blockchain technology. We use both a private blockchain ledger (Corda) and a public blockchain ledger (Polygon).
▾ How? Can you open the bonnet a bit?
This story is from the December 2023 edition of PCQuest.
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This story is from the December 2023 edition of PCQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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