TL;DR: The “United States of Crypto” series will highlight crypto innovation at the state level. This article covers Ohio – a state with a robust academic pipeline – and highlights CHAMPtitles, an Ohio-based company that is building blockchain technology solutions for state governments across the country.
At Coinbase, we’re working hard to help update the financial system by building trusted products that expand the utility and adoption of crypto, because we believe crypto and blockchain technology have the ability to update the financial system and increase economic freedom and opportunity around the world. Coinbase specifically chose to become a public company in the U.S. because we believe the U.S. would be best served embracing this fundamental innovation. However, we’re also focused on international markets, many of which are moving forward with strategies to become “crypto hubs.” We would like to see the U.S. take a similar approach, but a regulation-by-enforcement approach is instead suppressing crypto development in the U.S.
Fortunately, people across the U.S. are stepping up to make their voices heard. In the second part of our “United States of Crypto” series, we’ll highlight crypto innovation and leadership at the state level.
“Crypto touches all 50 states, and we are excited to see the innovation and development taking place in the great state of Ohio. CHAMPtitles' product empowers state governments nationwide, and we are thrilled to witness their commitment to Ohio,” said David London, Director of State Government Affairs.
We recently conducted a poll with Impact Research among crypto investors in Ohio and nationwide to get a better sense of the promise that current crypto investors see in crypto. This survey suggests that ~20% of Ohio residents own cryptocurrency and more than 3 in 5 of those crypto owners agree that cryptocurrency and blockchain technology can increase economic opportunities for Americans in a way that traditional finance can't - a sentiment that is also shared by crypto owners nationwide. Crypto owners in Ohio also gravitate towards supporting leadership that is focused on building up a strong crypto industry in the U.S. so future generations aren’t left behind in the economy.
In the realm of vehicle title management, traditional systems have long been plagued by inefficiencies and delays. CHAMPtitles, a pioneering SaaS company based in Ohio, has transformed title management into a seamless, secure, and efficient process by leveraging the power of blockchain technology.
CHAMPtitles stands at the forefront of digitizing title management through its utilization of blockchain technology. Its DMV modernization software digitizes vehicle titles and the process to acquire vehicle registrations and liens eliminating the need for cumbersome paperwork and manual processes. Previously, title turnaround times could take up to 45 days to complete, causing inconvenience and delays for various stakeholders. With its innovative blockchain-based solution, CHAMPtitles has revolutionized the process, which now takes less than one day, reducing costs and errors for all parties involved.
"We feel very fortunate to be in a state that has leadership that is both pro-business and pro-technology, as evidenced by the influx of tech companies and robust tech talent making Ohio their home," said Shane Bigelow, CEO of CHAMPTitles. "We look forward to continue to support the growth of Northeast Ohio with our company as our title platform makes national impact."
CHAMPtitles is headquartered in the vibrant city of Cleveland, Ohio and has over 40 employees. As of date, Coinbase has over 1 million users in Ohio.
CHAMPtitles was founded in Ohio, but its impact extends far beyond the Buckeye state. The company has successfully sold its software to numerous state governments, including West Virginia. Through collaboration with the state, it has facilitated the launch of its national Title Clearinghouse, a groundbreaking technology for car dealers, insurance carriers, fleet operators, and lenders, which facilitates interstate title transfers This fully-digital solution harnesses the power of blockchain to lower costs, increase efficiencies, and expedite the process to the benefit of these entities.
CHAMPtitles is one of many American companies driving blockchain innovation forward. It's more important than ever that we make sure this innovation stays here in the U.S. Sign up to Stand with Crypto today to make your voice heard on the importance of keeping blockchain innovation right here in the United States so companies like CHAMPtitles can continue to shape the industry’s future.
Policy,
Feb 4, 2025