The Expert Podcast

Intro
We've covered this topic in some of our previous videos, but our involvement with the EAR coalition, which includes major companies like DocuSign, CarMax, and Carvana, is finally showing results. California DMV has digitized 42 million car titles on the blockchain, moving vehicle titling towards modernization. This significant development could lead the rest of the country, eliminating the need for paperwork and physical forms.
Benefits
The digitization of 42 million car titles using blockchain technology has several benefits:
  • Fraud prevention: Blockchain helps protect against title fraud.
  • Simplified process: The car title process becomes smoother and less bureaucratic.
Live Consultation
Need personalized advice? Visit ActualHuman.com for live one-on-one consultations with experts on this subject. Share your story, ask your questions, and receive tailored advice based on your situation.
Mobile App
Imagine obtaining your vehicle title through a mobile app, bypassing the paperwork, hassle, and DMV visits. This convenience is coming soon!
Lean Releases
Blockchain will also make lean releases easier and transparent. Once you've paid off your car, the lean release will be readily available on your phone—no need to chase down lean holders.
Availability
Digital car titles will be accessible early next year. However, if you prefer, you'll still have the option to keep a paper title.
Conclusion
What do you think of this development? Are you excited to say goodbye to paperwork and embrace a fully electronic title process? Let us know your thoughts, and check out more videos on our channel for related content that might help you with similar issues.

What is The Expert Podcast?

The Expert Podcast brings you firsthand narratives from experts across diverse industries, including private investigators, general contractors and builders, insurance agencies, vehicle specialists, lawyers, and many others.

We've covered this in some other videos before, but our membership and participation in EART, which is a coalition of major companies trying to get car titles to be digitized, along with companies like DocuSign, CarMax, and Carvana, is starting to pay off. Look at this news story about car titles.

California DMV Blockchain Initiative
The California DMV has put 42 million car titles on the blockchain. They've digitized vehicle titles. This is a great development and part of the push to make vehicle titling more modern, where you don't have to worry about paperwork, documents, and signing forms. This is a huge, huge progress, and California, being the largest state in population, will likely lead the rest of the country.

Benefits
By digitizing 42 million titles using blockchain technology, first of all, it's going to prevent fraud, right? Most importantly, it will smooth the car title process, so it's not going to be quite as bureaucratic, and it won't be as much of a nightmare to deal with the DMV.

Live Consultation
You will be back in your video in just a few seconds. In the meantime, remember that ActualHuman.com offers you live, one-on-one, private video consultations with an expert in this exact subject. We want to listen to your story, hear your questions, give you expert advice, and offer advisement on your options. Now, back to your video.

Mobile App
You'll be able to get vehicle titles through a mobile app. Think about that. Think about what you have to go through now to get a vehicle title—how much paperwork, hassle, and runaround you have to do. How great would it be just to do it with an app?

Lean Releases
The other part is going to be lean releases. First of all, it’ll block lean fraud, but it will also create a transparent record of property ownership. When you pay off your car or pay off your lean, you won't have to go chasing that lean holder to release your lean because it'll be something you download on your phone. Your lean release will be right there.

Availability
It may take a little bit of time. They say that you'll be able to access your digital car title starting early next year, so less than 12 months. It’ll also be something you can opt out of if you don't want to have your title on your phone. You can still go with paper if you prefer.

Conclusion
What are your thoughts on all this? Is this a good thing or a bad thing? Are you glad to not have to deal with paperwork and difficult title processes, where you can just do it electronically like everything else in life with computers, apps, and phones? Getting the title process more modern, I think, is a great development.

If you like this video, be sure to click on a few others on our channel to see if there’s other information that might be helpful to you about this same subject, or maybe even other related subjects that could assist you in resolving your issue.