LATAM Investment Summit, Miami, October 17 2018 — Ubitquity LLC, the first enterprise-ready blockchain-secured platform for real estate and title recordkeeping, is pleased to announce that it has entered into a partnership with Atlanta-based title company Coast to Coast Title to create Appstract, a new abstracting application that provides clients and abstractors a more efficient platform for closing real estate deals.
“We are excited to be apart of this project, which demonstrates the flexibility and adaptability of Ubitquity’s platform,” says Nathan Wosnack, Founder and CEO of Ubitquity. “After rolling out our highly successful platform to a client in the aviation title industry, this is another market we are looking forward to taking on.”
Appstract will integrate into the Qualia Marketplace, a leading real estate industry title, closing, and escrow platform. Appstract will allow clients to efficiently assign tasks to abstractors, and track their progress with the project from receipt to delivery in a similar way to Uber Eats. The abstractor is then paid out upon project completion and the client has the ability to rate the abstractor. All the while records are being recorded in parallel to the Blockchain.
“The abstracting process is something that is begging for innovation,” says Chris Lusk, Chief Executive Officer at Coast to Coast Title. “By partnering with Ubitquity to create Appstract, we’re bringing this process into the the Blockchain era”.
The Ubitquity SaaS Platform and its API, which compliments its existing platform launched in March 2016, utilizes blockchain and off-blockchain 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 the formulas, are stored in a centralized database, with encrypted decentralized storage (via StorJ, IPFS) for clients who require it.
Coast to Coast Title and Ubitquity will be announcing the public availability of Appstract at a later date.