Ubitquity: SmartEscrow℠ Contracts
Blockchain-powered software modules that integrate into your existing workflow.
PAIN POINT: REAL ESTATE TRANSACTIONS ARE EXPENSIVE, AND A LOT OF MONEY IS HANGING ON THE VALIDITY OF A DOCUMENT.
Blockchain-based Smart Escrow Contracts (SmartEscrow℠) allow for reduced overhead costs and mitigated risks. 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.
TRID INTEGRATION¹ AND REAL TIME COLLABORATION
Smart Escrow Contracts. SmartEscrow℠, by Ubitquity®, acts as an autonomous intermediary, automatically executing based on the instructions given it from the parties to the transaction. The UI/UX (User Interface / User Experience) automatically calculates and inserts the data into the TRID form allowing for real time collaboration and sharing of data between permissioned users. The software needs to be robust enough to accommodate for all types of real estate transactions. That’s where we come in. As a pioneering and leading real estate and title blockchain service provider since September 2015, with an experienced team of experts in blockchain, title insurance, and escrow, we have the tools and talent to implement our suite of technologies into your existing software stack.
HELP MITIGATE FRAUD FOR WIRING INSTRUCTIONS
Avoid and mitigate fraud. Have assurance that you are sending and receiving funds from the proper source with our secure wire instruction tools. This is the benefit of collaborating within a blockchain environment.
FEATURE-RICH SOFTWARE (SMART & RICARDIAN) FROM UBITQUITY® THAT IS READY FOR THE TITLE INDUSTRY…
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.
FEATURES INCLUDED WITH SmartEscrow℠
MODULES BUILT INTO THE BAAS BLOCKCHAIN PLATFORM
We offer a simple user experience for securely recording and tracking property with our patent pending Blockchain-as-a-Service (BaaS) blockchain platform: unanimity version 2.1RC.
ENTERPRISE READY API
We’ve created a functioning, enterprise ready API that links into existing databases, and property management systems including uploading and record documents onto the blockchain.
PEER-TO-PEER STORAGE
Using our platform for document hashing and peer-to-peer seeding technology for encrypted and decentralized data.
INCREASED TRANSPARENCY
Transparency in real estate results in more trust from everyone in a transaction. Ubitquity® brings a whole new level of transparency.
ABOUT UBITQUITY LLC
Ubitquity, LLC was founded on September 15, 2015. We are registered in Wilmington, Delaware, USA, with staff, an advisory board, and partners located worldwide. Ubitquity® are pioneers in blockchain real estate; experienced professionals with a proven track record and a clear focus on clients needs. Our client focus is on enterprise real estate organizations (title), government municipalities/county recorders, and our Value Added Resellers. We fully adhere to American Land Title Association’s (ALTA) best practices.
Read our client success stories in our Case Studies report. | Read our FAQ.
