Yeah but it’s kind of a problem looking for a solution.
As in, we don’t need NFTs to keep track of who owns what vehicle because we have the department of transport (DMV?) to do that and it works well enough.
If you could replace certain expensive and time cosuming bureaucracy that would save time and money and fight corruption and identity theft I think that would be well worth it.
Yeah but it’s kind of a problem looking for a solution.
As in, we don’t need NFTs to keep track of who owns what vehicle because we have the department of transport (DMV?) to do that and it works well enough.
If you could replace certain expensive and time cosuming bureaucracy that would save time and money and fight corruption and identity theft I think that would be well worth it.
Would it really replace the bureaucratic aspect though?
You’d still need the government department to manage the regulations around what vehicles can be registered, and the practical aspects of transfers.
Really it’s just replacing the technology that department is using to store their data.