Victor Ugochukwu · Oct 26, 2020 . 5min read
Blockchain platform, Ubitquity partners with Rainier Title
Ubitquity LLC and Rainier Title collaboration will help in developing a platform for tokenization of property assets using blockchain.
By Komal Joshi · Aug 9, 2020 . 5min read
Ubitquity LLC has declared its collaboration with Rainier Title, on August 7, 2020. The partnership will help in developing a platform on which the property assets can be tokenized. Ubitquity is a blockchain platform that is widely employed in the real estate sector and for record-keeping purposes. Consequently, Rainier Title is a well-established name in the title and escrow business segments serving its clients in Washington.
Exploring Ubitquity LLC and Rainier Title Association
Additionally, Rainier Title will soon conclude its migration to Qualia, a conveyance and closing room suite. Simultaneously, Ubitquity is creating software that will be combined seamlessly with Qualia. The users of the Rainier Title will be capable of tokenizing their property. Utilization of tokens takes place to build value for property owners. Moreover, one can utilize the token to generate new investment opportunities.
In order to acknowledge the involvement of the blockchain process, there is a tremendous degree of safety and security connected with the new business model. Blockchain technology, sometimes introduced as Distributed Ledger Technology (DLT), executes the history of any digital asset unalterable and transparent via decentralization and cryptographic hashing.
Rainier Title clients will also profit from the SmartEscrow blockchain contract by Ubitquity. It assists in keeping the records safe and authentic. Property agents can utilize this platform to alleviate inherent fraud, as documents will be thoroughly verified and validated on open ledger technology.
This collaboration between Ubitquity LLC and Rainier Title can potentially revolutionize the real estate industry. Users can quickly grab opportunities and grow in the real estate sector with tokenization. It will be fascinating to witness how potential customers react to this coming together. It will be exciting to see to what extent will the collaboration transform the real estate sector effortlessly.
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