CHAMPtitles optimizes vehicle title management

Online car titling. Enhanced security. Efficiency to owners, state governments, and law enforcement.

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Vehicle ownership is a massive market.

A vehicle sale requires a change of title – 
a record of ownership maintained by local government.

0
Million

vehicles are currently registered in the U.S.

0
Million

new cars sold in 2017

0
Dollar

admin cost for titling & retitling*

0
Times

a vehicle changes hands every 8 years on average

*Between $50 and up to $90 on average.

The status quo is an expensive slow, risky, paper-based system

  • Paper Based
  • Title data is prone to fraud and theft
  • Odometer readings, vehicle provenance, service record data are not traceable
  • Trust Deficit
  • Buyers and sellers are concerned with line, insurance, unpaid tax, or ownership dispute issues
  • Expensive
  • A $70 processed loss for each title is incurred (between $50 and up to $90 on average)
  • Complex
  • Titling is slow and involves the auto retailer, manufacturer, insurer, bank lender, and local government
  • Used vehicle sales tax is often not collected
  • Human Processing
  • Manual systems are susceptible to use error and bad actors

How it Works

The CHAMPtitles Solution

A world-class vehicle title solution where data is no longer at risk and efficiency drives expense savings.

Through the application of its secure, patent-pending technology, CHAMPtitles ends the reliance on legacy systems to manage U.S. automobile titles. The CHAMPtitles approach is to partner with each party in the vehicle title ecosystem to reduce their costs in handling titles, turning the burdensome administrative process of issuing a vehicle title into a profitable activity.

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Introducing
CHAMPtitles

Optimizing Vehicle Title Management

BELTED System

Prior to blockchain, paper was the only trustworthy medium for documenting vehicle ownership.

How would you verify the identity of the buyer and seller? Who would confirm that the buyer had insurance? Who would make sure the car dealer had repaired their loan for acquiring the vehicle from the manufacture? Who would believe a car owner laying claim to a vehicle without paper confirmation?

CHAMP utilizes a Blockchain Encrypted Ledger That’s Executable and Distributed, a BELTED system, to create a trusted marketplace whereby all disparate parties are linked together in a secure and immutable way. This allows electronic verification for each’s party relevance and stake in the vehicle’s transaction.

Belted clearly explanation
Belted map

FAQ

Meet the Team

Subject matter expertise

First-hand user experience by way of the founding partner who had a distinguished 30+ year career in the retail automotive business

Industry expertise

Deep roots in the political, automobile, and financial arenas to solve the auto-title expense problem for states, vehicle manufacturers, banks, and insurance companies

Technology expertise

An entrepreneur-led company implementing blockchain technology to solve real-world problems for business

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BERNIE MORENO

CHAIRMAN
Bernie has 30+ years in the retail luxury automotive and technology businesses.
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SHANE MCRANN BIGELOW

CHIEF EXECUTIVE OFFICER
Shane has worked for 20+ years on all sides of the investment and entrepreneurial worlds.
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BO SHIM

CHIEF TECHNOLOGY OFFICER
Bo is a technical executive with a track record of leading strategic programs, quality decision making, and unlocking speed to value.
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RANDY COLE

CHIEF SOLUTIONS OFFICER
Randy has extensive experience in the public sector, applying emerging technologies to optimize government processes.
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Contact Us

1100 Superior Avenue
Suite 220
Cleveland, OH 44114
United States