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California will have a pilot program to use NFT to record car titles as an innovation of record management.
ChatGPT stated NFT is:
NFT stands for "non-fungible token." It is a digital asset that represents ownership of a unique item or piece of content, such as a digital art piece or collectible. NFTs are created and stored on a blockchain, which is a decentralized digital ledger. This allows for the creation and transfer of ownership of digital assets in a secure and verifiable way.
Finally, the government has realized the use of the blockchain, and it will reduce government spending while providing more accurate information to citizens.
I think blockchain has more utilities other than money. Digital money is the first step in testing society's compatibility, but the blockchain should focus more on providing services rather than investing to people.
That blockchain service can be essential for society later rather than simply going to moon-style investments to create unsustainable pump and dump.
Such government collaboration is the first step to making blockchain a social system.
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