Ubitquity: Real Estate Record Keeping Blockchain Project?
Ubitquity is a company that uses the blockchain technology for the storage and search of titles. Do you know everything that you need about this company? If you do not, read our review of Ubitquity.
What is Ubitquity?
Ubitquity is an American company localized in Delaware which makes a Software-as-a-Service (SaaS) platform using the blockchain technology. The focus of the company is the creation of solutions for offering a simple user experience for securing and tracking intellectual property.
The company exists since 2015 and has launched its platform in 2016, so this is not a start-up company, but a company that is using blockchain technology to improve its already existing business instead. The platform is still in the alpha v.1.2 since September 2017, but updates are coming in the near future and the plans are to release the final version of the platform soon.
While still in Alpha, the company already has some clients over the world, like Land Records Bureau in Brazil. Some of the current partners of the company are the Agentic Group, Bitland, Blockchain UBC, Colu Platform, Priority Title & Escrow and Rising Barn.
How Does Ubitquity Work?
Ubitquity has a SaaS platform which was created specifically for the use of e-recording, title and municipalities companies. The plan of the company is to use the blockchain technology to reduce future title search time, meaning that it will be easier to decide which titles you can use or not because the platform will search them for you.
The platform serves for the input of property information and can include the upload and the record of documents into the blockchain used by the platform. The idea is to help in the transition between using paper to store this information and store it in the blockchain, which will make it available more easily and harder to lose.
This will enable the platform to be affordable, reliable and secure, something that these companies need. The company believes that the future of the storage of information lies in the blockchain technology, so the sooner the companies start to use it, the better.
Like all blockchain technology, it uses P2P storage and encrypted and decentralized documents, meaning that the data of each client is perfectly safe and well stored in the blockchain.
The platform uses Bitcoin’s blockchain, but it compatible with other popular blockchains like Ethereum and other not that popular (but still very relevant) like MultiChain and Hyperledger.
How to Invest in Ubitquity?
At the moment there is no Initial Coin Offering (ICO) for you to invest in Ubitquity. Part of the reason is because the company already uses the Bitcoin blockchain and popular cryptocurrencies as a currency in the system.
In the future, there is a possibility that Ubitquity will have its own ICO and that you will be able to invest in this company, but not right now. We will certainly update our readers if that happens.
What you can, in fact, do, is to use the services of the company if you are from a company that might be interested in them. As the company states, now is the perfect time to start the transition from paper to the blockchain and early adopters of the SaaS platform will receive discounts and other bonuses if they start to use it soon.
The Ubitquity Verdict
Is this company the right choice for you? That really depends on you. We agree with Ubitquity that the change from paper to the blockchain technology is inevitable. This technology is growing and now may be the perfect chance to start changing the way you store information and finding a cheaper and more efficient way to do it.
It really depends on whether this type of service might be for you, though. Ubitquity’s services are very specialized, so it does not make sense for you to hire them if they are not a good fit for you.
Because of this, feel free to invest in Ubitquity is you are interested in what this company might bring to your business. The company already has a solid business and the final version of its platform will be online soon, so now might be a great hour for you to start using its services in your own company.