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?
Esta historia es de la edición December 2023 de PCQuest.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 2023 de PCQuest.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Importance of data privacy and security measures for secure digital learning
Prioritizing data protection and security is not just a technical prerequisite; it's also an ethical and strategic imperative for fostering trust and ensuring academic success in the digital age
How automotive electronics is responding to the evolving market needs
The fusion of automotive and electronics is revolutionizing driving, turning cars into multifunctional hubs. Enhanced safety systems, smart infotainment, heads-up displays, and connectivity redefine the driving experience, prioritizing safety, convenience, and entertainment for all occupants
The evolving face of digital piracy: Trends and tactics in 2024
Amidst the ongoing conflict between pirates and rights holders, there arises a crucial necessity for a collaborative approach encompassing technological innovation, regulatory interventions, and public awareness initiatives to effectively counter digital piracy in India
Navigate the intersection of AI and privacy
The evolving landscape of AI deployment, emphasizing the growing recognition of the need of having on-premise AI solutions and the need for customization to meet specific organizational needs
Revolutionizing fleet management with AI
AI heralds a new era in transportation, promising unparalleled efficiency, safety, and scalability. Its transformative power is set to revolutionize fleet management and logistics, unlocking unprecedented opportunities for optimization and innovation
How AI is revolutionizing Assistive Technology
Al-driven advancements are revolutionizing assistive technology, empowering individuals with disabilities to lead more independent and fulfilling lives.
The universe of open-world games: Exploring the best in the genre
Open-world gaming offers players unparalleled freedom and immersion, facilitated by advanced technology and creative design elements that blur the lines between reality and virtuality
What's the current hullabaloo around the future of AI chips?
AI is not a product per se, like an iPhone or laptop! You cannot log into Amazon or Etsy and buy an Al!! Just look at the development of Al! If it is that easy to develop and deploy, it cannot be a wonder, at least, not for me! At best, it is a tool!
Generative AI: A problemsolving powerhouse
Generative AI is reshaping problem-solving across diverse industries, driving innovation, and improving efficiency while necessitating ethical considerations for responsible deployment
The Gen AI revolution in product design
Generative AI is pushing the boundaries of innovation by enabling more creative exploration of design possibilities through generating a range of design options and optimizing product designs for factors like weight, strength, and performance