UBITQUITY, the First Blockchain-Secured Platform for Real Estate Recordkeeping, Announces Historic Pilot with a Land Records Bureau in Brazil
Dover, Delaware, USA — April 5, 2017 — Ubitquity LLC, a Blockchain company offering a simple user experience for securely recording and tracking property deeds is pleased to announce historic news: a partnership with a Cartório de Registro de Imóveis [Real Estate Registry Office] in Brazil to create the first-ever pilot program for the region’s official land records. This is a first for not only Brazil but for South America in an effort to help lower costs while greatly improving accuracy, security, and transparency.
Ubitquity LLC, with the power of distributed public ledger technology known as the blockchain, with its Software-as-a-Service (SaaS) platform will bring greater accuracy and immutability to property ownership data handled by the land records office.
“We are incredibly excited to announce our partnership with the land records bureau, a Cartório de Registro de Imóveis [Real Estate Registry Office] in Brazil. This partnership will help to demonstrate to government municipalities the power and benefits of using blockchain-powered recordkeeping,” says Ubitquity LLC Founder & President, Nathan Wosnack.
Ubitquity’s team will be closely working with Rafael Mezzari, from one of the Real Estate Registry Offices, to ensure cohesion and compliance with best practices and recording standards in his municipality.
“Keeping property records — one of the most important documents a person holds — on the blockchain is important in developing markets such as Brazil,” Ubitquity’s Wosnack continued. “The blockchain allows ownership and title disputes to be handled in a fair and transparent fashion, and serves as a backup in case the original is destroyed or misplaced.”
The pilot has started with adding public property record data for two regions: Pelotas and Morro Redondo.
Initially, a parallel platform will be built to replicate the existing legal structure of property ownership recording and transferring. In time, they anticipate creating a vastly superior system that incorporates blockchain technology for ultimate accuracy and security. The goal is to eventually replace the legacy system which has vulnerabilities due to its centralized, siloed nature. Beyond a pilot, Ubitquity’s platform has the potential to act as a catalyst to improve this essential government service for all people of Brazil.
About Ubitquity LLC
UBITQUITY, a blockchain-secured platform for real estate recordkeeping offers a simple user experience for securely recording, tracking property deeds and land records. The company is partnered with academia, municipalities, and title companies. A private alpha version of their platform is now available.
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