Muhammad Khattak’s Post

View profile for Muhammad Khattak, graphic

Cardinal Gray | Integrated Lien & Title

I know a lot of people in automotive with prior work in crypto/web3. With starry-eyed hopes, many believe issues of transparency in auto lending can be solved with a blockchain… Here’s why it isn't so simple👇 Fundamentally, blockchain and cryptocurrency technologies were established to create trust in a trustless environment, with no centralized source of truth to rely on. Auto transactions don’t fit the mold — there is a centralized source of truth we all lovingly know as the DMV. My cofounders and I first started working together at the State Department. We saw first-hand how difficult it is to replace government systems with some shiny new techno-fix. Thus, Cardinal Gray was born, not to change the system outright, but to produce the perfect digital wrapper to the DMV as is. #Lending #AutoFinance #LoanServicing

Nik Caryotakis

SWE @ SuperBill | CS @ Stanford

1mo

that’s the right take 👌

To view or add a comment, sign in

Explore topics