SmartEscrow™ joins Ubitquity’s platform of blockchain-powered solutions for the title industry
FOR IMMEDIATE RELEASE
Wilmington, Delaware, USA — April 19, 2019 — Ubitquity LLC, the enterprise-ready blockchain-secured platform for real estate and title recordkeeping, is pleased to announce that it has launched SmartEscrow™, blockchain-powered software modules that allow for reduced overhead costs and mitigated risks. Once data is placed on the blockchain via the Ubitquity unanimity platform, it can be easily retrieved and reused without a need for further verification.
“These are exciting times for Ubitquity. The SmartEscrow™ software modules are available to integrate into title company’s existing workflow immediately,” said Nathan Wosnack, Founder and CEO of Ubitquity. “With TRID integration and fraud mitigation tools for wiring instructions, Ubitquity’s software acts as an autonomous intermediary; automatically executing based on the instructions given it from the parties to the transaction. It’s worth mentioning that our team of professionals are comprised of experts in title insurance and escrow along with blockchain technology. This is all happening ”
The SmartEscrow™ site at https://www.ubitquity.io/smartescrow/ and is now accepting sign ups.
The Ubitquity BaaS Platform and API, which compliments its existing platform launched in March 2016, utilizes blockchain and off-blockchain data storage. This enables users to ensure the authenticity of information related to the land or property in question, in particular its current ownership and all the historical transactions. In addition, the non-encrypted metadata regarding transactions, among others contents of all formulas, are stored in a centralized database, with encrypted decentralized storage (via StorJ, IPFS) and Amazon AWS for clients who require it.
About Ubitquity LLC
UBITQUITY, the enterprise-ready blockchain-secured platform for real estate recordkeeping, offers a simple user experience for securely recording and tracking property deeds and land records. The company is partnered with academia, municipalities, and title companies. 2.1 RC (Release Candidate) version of their platform, unanimity℠, is now available at www.ubitquity.io/products.html.
Ubitquity Media and Investor Contact:
Tel: 1+ (724) BITCØIN [248–2046]