The Ubitquity Platform
We offer a simple user experience for securely recording, tracking, and transferring deeds with our highly scalable SaaS (Software-as-a-Service) blockchain platform. We are helping financial institutions, title, and mortgage companies benefit from a reduced title search time, increased confidence, and transparency.
In March 2016 our company launched its B2B (Business-to-Business) platform prototype for secure document storage/integration within and outside the United States. Since then we've been slowly on boarding early pilot users from the real estate and title industries in order build a chain of custody and help them to realize the pain points we resolve and the cost savings we bring them. Our initial alpha release for key clients will be available for clients summer 2016.
Real World Blockchain Solutions
The ensuing environment of real estate financing and title transfers, has resulted in massive amounts of document errors and fraud, stemming from the unprecedented complexity of today's housing industry and the historic defaults occurring during the 2008 housing crisis.
To streamline and address this costly problem going forward, we've created a platform for recording every pertinent step of a real estate transaction, including permanent storage of key documents, through a simple, secure portal, which permanently records the transaction on the blockchain.
Since problematic title transfer of ownership still causes innumerable financial and emotional hardships to citizens, financial institutions and municipalities annually, blockchain technology is not only desirable but vital for improving economic development.
Features
EASE OF USE
We offer a simple user experience for securely recording, tracking, and transferring of title.
PEER-TO-PEER STORAGE
Using our platform for document hashing and peer-to-peer technology for truly decentralized storage.
SECURED BY THE BLOCKCHAIN
The data is verifiable by the Blockchain; an immutable peer-to-peer (P2P) public ledger.
REAL-WORLD INTEGRATION
Our robust SaaS platform easily integrates with financial institutions, mortgage, title companies.
INCREASED TRANSPARENCY
Transparency in real estate results in more trust from everyone in the transaction. Our platform brings in a whole new level of transparency.
REDUCE SEARCH TIME AND FRAUD
Reducing title search time, and helping to reduce fraudulent conveyance has the potential to save billion in lost revenues annually with Ubitquity.
Use Cases
Some pain points we solve with the Ubitquity platform are as follows...
ERRORS IN PUBLIC RECORDS
Humans make mistakes, the blockchain doesn't. Ubitquity utilizes the most secure cryptographic ledger in the world to ensure the security of your documents and assets.
UNKNOWN LIENS
Foggy record keeping can mean liens being placed on your property if prior owners were not the most meticulous bill payers. By tracking the chain of custody Ubitquity can prevent these time consuming mix ups.
ILLEGAL DEEDS
By creating a clear chain of verifiable legitimacy, companies using the Ubitquity platform can be sure the details of documents are accurate and verifiable.
MISSING HEIRS
When a person dies, the ownership of his home may fall to his heirs, or those named within his will. However, those heirs are sometimes missing or unknown at the time of death. Other times, family members may contest the will for their own property rights. These scenarios - which can happen long after you have purchased the property - could affect your rights to the property.
FORGERIES
Malicious actors can pollute property records with false claims and documents. The Ubitquity platform can provide superior authentication and proof of history which cannot be forged thanks to the cryptographic nature of the blockchain and through the relationships with our partners in the financial and title industry.
REPAIRS AND MAINTENANCE HISTORY, MAJOR SYSTEM UPGRADES/WARRANTIES
A record of upgrades and warranties on vacant homes bought/sold with a 'special warranty deed' such as a Trust/Estate or from a Lien holder via. Foreclosure will help an asset hold its value.
Request Early Access...
Ubitquity Platform Alpha for Small Business (SMB) and Enterprise clients. To request early access to our platform due for a summer 2016 release in alpha, visit: https://www.ubitquity.io/home/earlyaccess.html. UBITQUITY, LLC is a company based out of Dover, Delaware, USA, with our partners and advisors located worldwide.
(Article originally published on LinkedIn by the author)