Changing The World, One Block At A Time®

How The Blockchain Will Revolutionize Property Ownership

by: Codie Neville

Ubitquity Software-As-A-Service

Ubitquity is pioneering the use of a backbone outside the crypto-currency niche. Our blockchain-based service has taken advantage of the potential of the platform, implementing a secure, transparent and decentralized recording and tracking system for real estate asset transactions. Our software-as-a-service will be incredibly helpful to entities such as municipalities, real estate agencies, title companies, and others with interests dealing in real estate.

Paving The Way For Freedom

The streamlining of real estate asset recordation Ubitquity facilitates is almost utopian, enabling freedom from corruption and individuals more control of their real assets. When a property is purchased while this technology is in place, the property receives a unique identifier. Currently, this is being used alongside the traditional paper title deed, though the potential for the paper deeds to be phased out entirely is certainly an option as the technology is more widely adopted.

Digital Revolution 2.0

Another benefit of the blockchain-powered platform is that funds can be held in escrow — that is, funds only released when the transaction has been independently verified — as each user has a unique identifier, just as the properties do. This speeds up and increases security in asset transfer, as the financial record is held for both parties, securely and transparently. All of these benefits will have a huge impact on real estate agents, property lawyers and escrow companies, some of whom are feeling the squeeze on their industries already.

Bringing Power To The People

The implications of Ubitquity’s platform, especially in countries with endemic corruption or antiquated land title systems are of great importance. In some countries, land titles are almost non-existent, as land has been passed down from generation to generation. In others, the system is so fragmented one could be chasing up the official records on a property for much longer than desirable.

Blockchain: Changing The World, For The Better

The hype of crypto-currency has turned many into skeptics, comparing crypto-mania to the dot-com bubble. While there may be truth in that, the real value of crypto-currency is in the blockchain technology itself. It may be foolish to run out and invest in any company with a name related to blockchain, the fact remains the technology is here to stay, with Ubitquity leading the way to change the world for the better.

Ubitquity, LLC was founded on September 15, 2015. We are based out of Wilmington, Delaware, USA, with staff, an advisory board, and partners located worldwide.