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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
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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.

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