Ubitquity LLC, a US-based Blockchain developer for advanced applications in real estate, has announced the successful development of its platform prototype and claims that it will revolutionize the real estate industry.
The company explains that Ubitquity fully integrates the key features of the blockchain – security and transparency – with the user creation process and every step of its document management storage framework. It enables users to identify whether they are a title insurer or county process and benefit from this powerful stack.
“We're building an innovative and blockchain-secure, distributed platform with extensive functionality and integration for the title insurance industry and county clerks within the United States,” said Nathan Wosnack, co-founder and CEO.
Wosnack explains that Ubitquity will improve speed and accuracy of title search, as well as help to prevent fraudulent conveyance of property by adding overall transparency.
“Our blockchain-powered platform will also improve the due diligence process for the industry”, Wosnack added. “The result is the dramatic reduction of risks in every step of documentation, and a sense of confidence and security that can only be made possible by an immutable public ledger. We're excited to be working with players in the industry to make this all possible”.
The company is inviting select financial institutions, title companies, and others within the private sector for an exclusive demo/presentation of its platform.
Last month, Ubitquity announced that it has joined America's fastest-growing consortium of Blockchain and Digital Currency companies, Agentic Group.