California Leads the Way as U.S. Federal, State Agencies Consider Blockchain’s Applications: Bank of America

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.BankofAmerica says tokenization of automobile titles could enable fractional vehicle ownership, allow holders to pledge vehicle-title NFTs as collateral in the real world or within DeFi protocols and increase liquidity on marketplaces. By willcanny99

is an example of how companies and U.S. state and federal agencies are using blockchain-based solutions to drive efficiencies and lower costs, Bank of America said in a research report Thursday.

“Tokenization of vehicle titles could also enable fractionalized vehicle ownership, allow holders to pledge vehicle-title NFTs as collateral in the real world or within protocols and increase liquidity on vehicle marketplaces,” analysts Alkesh Shah and Andrew Moss wrote.

 

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BankofAmerica willcanny99 BoA surprisingly clued up on functional blockchain and how it would work, for a long (in crypto terms) time. Remembering this 2021 note from them involving the same blockchain, tezos .

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BankofAmerica willcanny99 willcanny99 here forgot to mention this is a Tezos based solution. Happens all the time. Standard. protecting their ETH bags while pretending to be an unbiased news source.

BankofAmerica willcanny99 Which blockchain? It’s tezos

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BankofAmerica willcanny99 They do it for homes and condos so cars titles were just a natural step

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BankofAmerica willcanny99 'ownership recorded on a private version of the Tezos blockchain' arhhhhhh what now?

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BankofAmerica willcanny99 Fractional car ownership is exactly the dumb shit socialist losers would do.

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BankofAmerica willcanny99 There is more to come wrt the automotive industry on Tezos.

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