Ubitquity LLC, a blockchain-secured platform for real estate transactions, has joined the University of British Columbia blockchain research collaboration for blockchain and property recording, CryptoCoinsNews reported.
The blockchain startup, which celebrated its first one-year anniversary this September, achieved a historic milestone in digital asset management with the first Real Property Ownership Transfer recorded on the blockchain. More recently, the company announced the appointment of blockchain real estate thought leader Avi Spielman to its advisory board.
Ubitquity founder Nathan Wosnack said that the team met Victoria Lemieux, Associate Professor, Archival Science, iSchool, University of British Columbia – formerly with The World Bank, at a World Bank event last March, and has been working with her and her team of researchers – Hasan Cavosoglu, Luciana Duranti, Ning Nan, Carson Woo – Academic Partners.
Notably, Lemieux was awarded a Knowledge Synthesis Grant in the area of emerging technologies for ‘Blockchain Technology for Recordkeeping: Help or Hype?’ earlier this year.
The startup offers a simple user experience for securely recording, tracking property records with its Software-as-a-Service (SaaS) blockchain platform. It aims to help real estate, title insurance, and e-recording companies benefit from a clean record of ownership, reducing future title search time, increased confidence, and transparency.
“We have a working system of record and are partnering with relevant actors in the private sector such as Title Companies, and new construction developers, since you have to start somewhere and as you probably know innovation always starts with the private sector,” Wosnack told CCN, “with governments following suit. Ultimately, we aim to broaden our horizons and partner with municipalities and County Recorders to record all public documents associated with each property in their jurisdiction and work to integrate with e-recording companies.”
