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Thursday, October 21, 2021
Home News Blockchain-secured Platform For Real Estate Transactions Ubitquity Partners With Virginia Beach-based...

Blockchain-secured Platform For Real Estate Transactions Ubitquity Partners With Virginia Beach-based Priority Title & Escrow For US Pilot

Blockchain company Ubitquity has recently announced that it has partnered with Priority Title & Escrow, a full service title company headquartered in Virginia Beach, to stamp title records on a Blockchain. 

“We are pleased to announce our partnership with Priority Title & Escrow. Having trusted partners to secure verifiable title information to Ubitquity continues the transition of a centuries-old paper title system to a new information age system.” says Founder & CEO of Ubitquity, Nathan Wosnack.

“Ubitquity will simplify the process of tracking and recording to enable a long-term chain of custody of title. By recording this and all future documents/events in that property’s future, a publicly accessible, immutable record on the Blockchain is created, making future transfer easier and less costly to research. We aim to create an immutable complete record of ownership for our customers. Priority Title & Escrow will help to legitimize this important process.” added Wosnack.

Ubitquity is providing an original record of recording data on its Software-as-a-Service (SaaS) platform. This provides users and customers the ability to add data to the system so complete history of ownership and search can always be traced using the immutability of the Blockchain.

“The future of Settlements will be determined by our ability to create a trusted and secure way to sign, notarized and record our closing documents. The Blockchain has immense untapped value as it relates to all three aspects. We look forward to working with Ubitquity and the team to pilot this process.” says Priority Title & Escrow CEO, Joseph LaMontagne.

Priority Title & Escrow is a full service title company headquartered in Virginia Beach. We lead the settlement services industry across Hampton Roads, with local expertise and national reach. Their team of experienced professionals takes pride in delivering efficient,

Ubitquity, a Blockchain-secured platform for real estate transactions offers a simple user experience for securely recording, tracking, and transferring deeds. The private alpha version of their platform was released on September 15th, 2016 for select real estate and title companies.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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