Non-Fungible Title mainnet proof of concept: American Land Title Association (ALTA) Commitment Forms minted as NFTs, added to the blockchain, and IPFS
This use case post was written to demonstrate a way in which an example real estate title insurance documents from the American Land Title Association (ALTA) was created as NFTs using the Non-Fungible Title™ platform.
When you mint a document on our platform either via API integration or manually, a blockchain hash is automatically created on Polygon; a Layer 2 scaling solution for the Ethereum blockchain, while simultaneously creating a Ubitquity-managed Google Cloud Platform (GCP) storage of the document.
In addition, an InterPlanetary File System (IPFS) address is shared. IPFS is a peer-to-peer decentralized network that allows users back up files and sites by hosting them across numerous independent nodes.
What is Non-Fungible Title™?
Our web3-enabled Non-Fungible Title™ (NFT) platform, using blockchain-agnostic technology hosted on the distributed web, delivers a unique consumer experience to owning a title to a home. For over seven years we have developed a proven track record of successfully integrating our technology into US and global title companies. In fact we’re currently exploring use cases and running our Non-Fungible Title™ platform in cooperation with US title firms (and other verticals) so we understand your industry’s unique challenges. We’ll offer bespoke advice which considers everything before recommending anything to you.
With Non-Fungible Title™ you can now mint title policies, deeds, certificates of authenticity, receipts, maintenance records, and other important paperwork for your current and prospective customers. Our scalable platform allows for unique capabilities and engaging interactions for small to medium-sized businesses (SMBs), enterprises, and your customers while improving upon Proof of Ownership, future title search and retrieval, with parallel secure decentralized storage.
Use Case: Commitment for Title Insurance forms
Blockchain hash: https://polygonscan.com/token/0xf64ecd6992c4b600b8ebba1fbb56dfbd81702cd5?a=16
Google Cloud Platform (GCP) storage: https://storage.googleapis.com/non-fungible-title/a/c4nCJp-1678228061258452685/original.jpg
View IPFS storage:
https://bafybeifnidmm2wxai4ss4bsyntq4omyu4u3jlgwaygbciwfcocej7vusjm.ipfs.dweb.link/original.jpg
Blockchain hash: https://polygonscan.com/token/0xf64ecd6992c4b600b8ebba1fbb56dfbd81702cd5?a=17
Google Cloud Platform (GCP) storage: https://storage.googleapis.com/non-fungible-title/a/c31fX3-1678228540647278285/original.jpg
View IPFS storage:
https://bafybeie4w2kvjcjymv2nk3crnxw4v4tlaycyl6ynhraxnhilujue3g4q4m.ipfs.dweb.link/original.jpg
Blockchain hash: https://polygonscan.com/token/0xf64ecd6992c4b600b8ebba1fbb56dfbd81702cd5?a=15
Google Cloud Platform (GCP) storage: https://storage.googleapis.com/non-fungible-title/a/QWUyay-1678227197125297311/original.jpg
View IPFS storage:
https://bafybeifylwgbxjxz6tdsewbd2dlpdf6m4cawhfxw3wmhklizr6f3chwj3a.ipfs.dweb.link/original.jpg
Conclusion:
These American Land Title Association (ALTA) Commitment Forms are but a tiny example of the kinds of documents we are minting into NFTs on behalf of real estate title companies and other vertical markets. Read our Use Cases page.
We are offering 50% of Non-Fungible Title™ until April 30th for Individuals, Start Ups, Grow Stage Companies, and Enterprise sized organizations.
Learn more about a wide range of features we offer and then Sign up today.
