NotaryBlock™ provides a single source of truth for notary publics to confirm the identity of signatories ultimately eliminating the need for notaries to maintain a paper-based notary journal of entries.
NotaryBlock™ brings this all into the blockchain era. Once data is placed on the blockchain it can be easily retrieved and re-used without a need for further verification. The data becomes a single source of truth all parties to the transaction can trust without the need to reconcile. This application works well with the recent spike in demand for Remote Online Notarization (RON), Remote Ink Signed (RIN), and eClosing solutions (as a response to COVID-19). The blockchain-based digital notary solution, NotaryBlock™ is a unique and future-proof competitive differentiator.
Our platform allows you to create any digital asset and certify its existence at a specific moment of time, as well as the traceability of the changes of states or values of its attributes. The data is stored in an immutable and permanent way, with highly reliable cryptographic mechanisms via our unanimity platform and API that allow to verify the existence and traceability of the registry, etc. We can get you blockchain-connected in days.
The NotaryBlock™ software modules are available to integrate into your existing workflow immediately.
AFFORDABLE BAAS & API FEATURES WITH SECURE STORAGE
The Ubitquity Baas Platform and API, called unanimity, is the platform that powers the NotaryBlock™ 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 clients who require it.
FEATURE-RICH SOFTWARE (SMART & RICARDIAN) THAT IS READY FOR THE TITLE INDUSTRY AND ALL OTHER INDUSTRIES…
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.
Ricardian Contracts are used: These are natural language contracts that store pertinent data as machine readable information for future data ingest.
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.