[The article has been updated with additional information]

Ubitquity, the blockchain-secured platform for real estate transactions, has partnered with Priority Title & Escrow and is providing pilot recording for the full service title company, IBTimes UK reported.

Headquartered in Virginia Beach, Priority Title & Escrow lead the settlement services industry across Hampton Roads, with local expertise and national reach. The company delivers efficient, accurate, and market-priced real estate solutions.

"We are pleased to announce our partnership with Priority Title & Escrow. Having trusted partners to secure verifiable title information to Ubitquity continues the transition of a centuries-old paper title system to a new information age system”, Founder & CEO of Ubitquity, Nathan Wosnack said. "Ubitquity will simplify the process of tracking and recording to enable a long-term chain of custody of title. By recording this and all future documents/events in that property's future, a publicly accessible, immutable record on the blockchain is created, making future transfer easier and less costly to research. We aim to create an immutable complete record of ownership for our customers. Priority Title & Escrow will help to legitimize this important process."

According to the official announcement, Ubitquity is providing an original record of recording data on its Software-as-a-Service (SaaS) platform. This enables users and customers to add data to the system so that complete history of ownership and search can always be traced using the immutability of the blockchain.

"The future of settlements will be determined by our ability to create a trusted and secure way to sign, notarized and record our closing documents. The Blockchain has immense untapped value as it relates to all three aspects. We look forward to working with Ubitquity and the team to pilot this process”, Priority Title & Escrow CEO, Joseph LaMontagne, said.

Ubitquity last month celebrated its one year anniversary and announced the official launch of its platform in private alpha. Earlier in June, it partnered with Rising Barn, a San Antonio, Texas based affordable housing company. Also, Ubitquity joined America's fastest-growing consortium of Blockchain and Digital Currency companies, Agentic Group in February this year.

In addition, Ubitquity announced that it is collaborating with the University of British Columbia, Canada's Blockchain@UBC research cluster on blockchain-based record keeping.