Ubitquity Announces its Blockchain-Powered SmartEscrow Live Demo Platform to Modernize, Digitize and Transform Real Estate Transactions
Ubitquity, an innovative SaaS leader in blockchain, title, and real estate has launched its live demo on a production server, marking general availability and publicly demonstrating its solution to empower the title and escrow industry to conduct real property settlements through underlying stablecoin technologies
Wilmington, Delaware, USA — October 11, 2021 — Ubitquity LLC, the leading enterprise blockchain-secured platform for real estate and title recordkeeping, is pleased to announce that it has officially launched the SmartEscrow live demo platform for the United States markets that include title and escrow industries, underwriters, and banks.
“SmartEscrow’s interactive demo platform has three deeply integrated interfaces: Agents and Title Companies, Counterparties, and Administration. We anticipate that we will be launching a mobile version of SmartEscrow later this year as well. This software solution has the potential to fulfill the promise of blockchain by automating and streamlining one of the most important sectors of our economy,” said Nathan Wosnack, Founder & CEO of Ubitquity LLC.
“In response to market demand, SmartEscrow offers, for the first time ever, true cryptocurrency real estate settlements. Our network of crypto bank-approved title insurance underwriters and agencies will allow buyers and sellers of real estate to transact via a supported stable coin such as Paxos, Paxos Gold, TrueUSD, USDT, and USDC,” added Wosnack.
Ubitquity’s SmartEscrow custodial wallets are also specifically designed for use by industry players who perform traditional real estate escrow settlement services including banks who will offer crypto custody services in partnership with Ubitquity and its title company partners.
Modules of the SmartEscrow platform that are now available include:
- Blockchain Explorer preview of funds
- Collection and Disbursement of Funds
- Complete Transparency
- Escrow Theft Mitigation
- Clawback Prevention
- Real-Time Settlements
- Stablecoin Integration
- Trusted Custodial Wallets
“Millennial Title is excited to be working with Ubitquity and can’t wait to offer SmartEscrow to our clients. This tool will enhance the settlement experience with greater security and efficiency for all parties of the transaction,” said Chip Ridge, President of Millennial Title.
“Rainier Title believes in its partnership with Ubitquity. We see SmartEscrow as the best path forward, envisioning the future of a simplified and secured transaction for the consumer as well as our team members,” said Bill Bergschneider, CEO of Washington State-based Rainier Title.
Ubitquity’s SmartEscrow product will usher in a new era for the industry by providing it with the ability to receive, disburse, and get paid in crypto. In a secure and compliant way that all parties can benefit from. SmartEscrow will be working exclusively with Proton Chain in the long term in order to help with stablecoin support, and Metal Pay for their payment solutions in nearly 40 states, and future DeFi (Decentralized Finance) features.
Ubitquity has a number of Blockchain as a Service (BaaS) tools available on its unanimity platform, that it has successfully integrated across a variety of industries including real estate for escrow and title closing support, title abstracting, smart contract management, as well as secure document management. Ubitquity can help with regulatory-compliant token sales, integration consulting, real estate NFT (Non-Fungible Token) creation, and more. Learn more about SmartEscrow and its features and request a formal demo, by visiting SmartEscrow.us.
About Ubitquity, LLC
UBITQUITY, the leading blockchain-secured platform for real estate and title recordkeeping, offers a simple user experience for securely recording and tracking property deeds and land records. The company is partnered with academia, municipalities, as well as estate title and escrow companies. Version 1.1 release of the platform is now available on their website: www.ubitquity.io.
Tatjana O’Brien, VP of Marketing
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