BlockSTRACT: A Blockchain-Powered Marketplace for Abstractors and Title Production Vendors by UBITQUITY®
PAIN POINT: THE ABSTRACT PROCESS IS CRITICALLY IMPORTANT TO ENSURE THERE IS CLEAN TITLE ON THE PROPERTY BEING SOLD.
BlockSTRACT: A blockchain-powered marketplace for abstractors as well as title production vendors, allowing for the easy integration of the abstract process, an ‘Uber’-like process of finding qualified abstractors, as well as recordation of abstract research onto the blockchain.
BlockSTRACT is a platform, similar to Upwork and Freelancer, whereby a title company can place a request for work and many abstractors and title production vendors can bid for the work. The system plugs into most title production software and gives the title agency real time status of the product and more once an abstractor agrees to undertake the work at the agreed upon price.
Features Included: View Orders (Open/Closed/Cancelled/All), Search, Reports, Fulfillment, Tracker, Inbox/Messaging. Upload Documents.
BlockSTRACT Desktop UI/UX:
BlockSTRACT Mobile UI/UX:
COMPATIBLE WITH A LEADING TITLE AND CLOSING PLATFORM
BlockSTRACT™ is compatible with a leading title and closing room platform: Qualia. Qualia is a team of top software engineers, real estate professionals, and user experience experts who are improving how real estate is transacted.
WHITE LABEL +IP LICENSING
BlockSTRACT™ is available for White Labeling and Intellectual Property (IP) licensing. Contact us for details.
AFFORDABLE BAAS & API AND SECURE STORAGE
The Ubitquity Baas Platform and API, called unanimity, is the platform that powers the blockchain recording part of the BlockSTRACT™ product. It utilizes blockchain and off-chain 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 other contents of all formulas, are stored in a centralized database, with encrypted decentralized storage (via StorJ, IPFS) & Amazon AWS for customers.
FEATURE-RICH SOFTWARE (SMART CONTRACT) THAT IS READY FOR THE TITLE INDUSTRY & OTHERS
Once the data is on the blockchain: It can be recycled for future closings. The cryptographic hash of the data is the equivalent of an immutable time-stamp.
Open Standards are used: This allows for real time collaboration in a secure environment that’s open to all for a future starter exchange/consortium among industry players if necessary.
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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, aviation companies, municipalities, and real estate companies. Version 1.1 release of the platform is now available at www.ubitquity.io.