Definition ∞ Vehicle Ownership Tokenization is the process of representing vehicle ownership as a digital token on a blockchain. This token serves as an immutable and verifiable record of title and associated rights. It streamlines ownership transfers, reduces fraud, and can enable fractional ownership or usage-based models.
Context ∞ Vehicle ownership tokenization is a nascent but promising application of blockchain in the automotive sector. It offers potential for simplified vehicle registration, enhanced collateral management, and new forms of shared mobility. Regulatory acceptance and the establishment of legal frameworks for digital titles are critical next steps for broader adoption.
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