UBITQUITY ANNOUNCES NEW PRODUCT ‘BLOCKSTRACT’ AND INTELLECTUAL PROPERTY LICENSING
Blockchain-powered abstracting suite speeds up property conveyance process and reduces the risk of fraud
FOR IMMEDIATE RELEASE
Wilmington, Delaware, USA — May 20, 2019 — Ubitquity LLC, the enterprise-ready blockchain-secured platform for real estate and title recordkeeping, is pleased to announce that it has launched BlockSTRACT℠: a blockchain-powered module add-on and portal for leading title & closing room platforms, 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.
“The abstract process is critically important to ensure there is clean title on the property being sold,” said Nathan Wosnack Ubitquity Founder/CEO. “BlockSTRACT brings all of this into the Blockchain era. We’re pleased to have already licensed this software in the United States and we have signed a letter of intent with a Maryland-based title and closing company.”
BlockSTRACT℠ is currently compatible with the leading title & closing room platforms and APIs including Qualia, SMS Title Express, and SoftPro.
The BlockSTRACT℠ site at https://www.ubitquity.io/blockstract/ and is now accepting sign-ups.
The Ubitquity BaaS Platform and API, which compliments its existing platform launched in March 2016, 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 others contents of all formulas, are stored in a centralized database, with encrypted decentralized storage (via StorJ, IPFS) and Amazon AWS for clients who require it.
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, municipalities, and title companies. 2.1 RC (Release Candidate) version of their platform, unanimity℠, is now available at www.ubitquity.io/products.html.
Ubitquity Media and Investor Contact:
Sam Tannian-Reynolds
info@ubitquity.io
Tel: 1+ (724) BITCØIN [248–2046]
